Bitcoin Insider - Daily Edition: 06/05/24 - Read Time: 3 Min

If you recall previous issue of getting a bounce, we have now got the bounce, purely indicated by technical analysis - where is Bitcoin going now?

We will again analyse key price levels to remain aware off, it is the start of the week and price is approaching a clear resistance zone.

In recent news events, Coinbase releases its Q1 2024 revenue equating to be $1.59 Billion.

Which three crypto airdrops to remain aware of during this month of May, these are FREE airdrops.

Today’s report will also include:

• Updated Daily Crypto Price Report

• Updated Daily Market Analysis

• What Bitcoin Insider is Reading

• Crypto Meme Center

  

Bitcoin Price Analysis

The current price action has had a notable bounce in the bullish falling wedge pattern that we have been following since previous update.

Price as of right now is at local resistance of this bullish pattern, this signifies that a correction on the smaller scale is likely, allowing for another buying opportunity.

Key resistance zone to remain aware of is between $63,410 and $64,419 - Price is testing this as we speak.

Resistance on a chart signifies more supply than demand, this is where short-term corrections occur.

From a technical point of view, a short-term sideways consolidation phase will be considered more bullish, thus dips are buying opportunities.

Bitcoin Insider will continue to monitor these time sensitive price development for the next update.

Latest Market News

Coinbase Smashes Expectations with Stellar Q1 Earnings

Coinbase's Q1 triumph is a game changer for traders like you and me. Their earnings doubled to a whopping $1.58 billion year-over-year.

The leap in profits hints at a bullish trend for the crypto market.

Such growth may positively influence future VC funding in the crypto ecosystem. More funds could mean more community airdrops and participation.

For traders and investors, these figures are more than just numbers. They signal a shift in the market that could define our strategies in the coming months.

Don't Miss Out on Free Crypto Goodies this May

Crypto airdrops have become a cornerstone of the digital asset world, with projects dishing them out like candy to engage their communities.

Here’s a sneak peek into the top free crypto airdrops this May:

1. MYTH Making Moves

• Look out for MYTH's big airdrop of 6,250,000 MYTHx tokens.

• They're not just stopping at tokens; they've rolled out a whole suite of community perks.

2. Avail's Generous Giveaway

• 600 million tokens are up for grabs with Avail, rewarding community members, developers, and more.

• Don't forget to check your eligibility on their site to join the fun.

3. Immutable's Impressive Incentive

• Immutable is doling out an impressive $50M airdrop to its gamers and collectors.

• Join quests, play games, and start reaping those rewards!

Get in, get involved, and let those free tokens be a booster for your digital wallet.

Crypto X Segment

Emerging news and trends

Bitcoin network surpasses 1 billion transactions: The Bitcoin network recorded its one billionth transaction, according to data from Clark Moody’s Bitcoin dashboard.

Australian Federal Court Finds BPS Financial Guilty of Unlicensed Conduct With ‘Qoin Wallet’ : The global crackdown on cryptocurrency enforcement has made its way to Australia, with the nation’s lead financial regulator winning its first court case versus a “non-cash payment facility involving crypto assets”

This Week in Crypto Games: Supercell’s Investment, Saga Airdrop, ‘Parallel’ Adds Expansion: The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in!

What Bitcoin Insider is Reading 📕 📕 📕 

Crypto is easy _{click here} Get ready to supercharge your investment game with top-notch strategies and stock analysis straight from the world's most renowned investors!

Alpha 12 _{click here} Bringing together the most actionable market insights that generate alpha, our weekly aggregation is your key to staying ahead in the game.

The Value Investor _{click here} Get exclusive access to top-tier investment strategies and stock analyses inspired by the world's most successful investors.

Meme Center

Centralized government fiat bad. Decentralized cryptocurrencies good

Bitcoin Insider bouncing back to work, See you in the next one! 👊 PS: if you’d like to unsubscribe from this valuable newsletter, please email “unsubscribe” to [email protected].