✅Gold Unicorn | EXCLUSIVE Interview With CEO, Denis Milanovskiy | Business, Trading, Withdrawals, etc

https://youtu.be/7Jb1-obbSdA

✅Ethereum Price Breaking This Confluence Resistance Could Start Recovery

Ethereum Price Holds Support

Ethereum’s price remained well-bid above the $1,720 support zone. ETH seems to be forming a base above the $1,720 level, similar to Bitcoin. A low is formed near $1,718 and the price is slowly moving higher.

There was a move above the $1,740 level. Besides, there was a break above a short-term contracting triangle with resistance near $1,740 on the hourly chart of ETH/USD. The pair is now struggling to settle above the 23.6% Fib retracement level of the key decline from the $1,855 swing high to the $1,718 low.

Ether is still trading below $1,770 and the 100-hourly Simple Moving Average. Immediate resistance is near the $1,760 zone and the 100-hourly Simple Moving Average. The next major resistance is near the $1,770 level. The first major resistance is near $1,780 or the 50% Fib retracement level of the key decline from the $1,855 swing high to the $1,718 low.

A proper move above the $1,770 and $1,780 resistance levels might send Ether toward $1,850. The next resistance sits near $1,880, above which Ethereum could rise toward the $1,920 level. Any more gains above the $1,920 resistance zone might send the price toward the $2,040 resistance.

Fresh Decline in ETH?

If Ethereum fails to clear the $1,780 resistance, it could start another decline. Initial support on the downside is near the $1,730 level and the triangle trend line.

The next major support is near the $1,720 level. If there is a break and close below the $1,720 support, the price could start a major decline toward the $1,640 support. Any more losses may perhaps send the price toward the $1,600 zone.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is losing momentum in the bearish zone.

Hourly RSI – The RSI for ETH/USD is now above the 50 level.

Major Support Level – $1,720

Major Resistance Level – $1,780

✅Bitcoin Dominance Hits Two-Year Peak as Altcoins Sink –What Next for BTC Price?

Last week, Bitcoin Dominance (BTC.D) reached 49.2% for the first time since April 2021. As concerned investors continue from embattled altcoins, crypto exchanges have experienced an uptick in demand for Bitcoin. As the BTC price gains momentum, will it clear the $27,000 resistance?

The global altcoin market capitalization is now down 13% since the US Securities and Exchange Commission launched its lawsuit against Binance on June 5th.

Amid heightened volatility and uncertainty in the altcoin markets, crypto investors have reallocated capital to seek refuge in Bitcoin’s (BTC) censorship resistance qualities. Will this push BTC’s price above the critical $27,500 resistance?

Bitcoin Dominance Has Hit a Two-Year Peak

Since June 5, Bitcoin Dominance (BTC.D) has gained two percentage points to graze 49.30% for the first time in two years. BTC.D tracks the percentage of the total global cryptocurrency market valuation that is made up of Bitcoin’s market capitalization.

A sharp rise in BTC Dominance indicates a shift in market sentiment and capital away from altcoins. BTC has gained the market as investors become less interested in altcoins.

Considering the 13% contraction of the altcoin markets within this period, it validates the hypothesis that crypto investors are increasingly selling off their altcoin holdings to purchase BTC.

Historically, BTC price has often witnessed a surge whenever a sudden spike in BTC.D occurs. This pattern will likely reoccur if altcoin prices continue to tank this week.

Hence BTC holders can expect more price upswing in the coming weeks.

Crypto Traders are Queuing Up More Buy Orders

In further confirmation of the bullish outlook, the order books of exchanges suggest that crypto traders are piling more orders to buy up more BTC. The Exchange On-Chain Market Depth chart shows an aggregate of the total buy/sell orders placed by Bitcoin traders across different crypto exchanges.

Currently, BTC traders have placed orders to purchase another 24,000 coins. Meanwhile, sellers have only put up 21,000 BTC for sale.

When demand exceeds the supply available on exchanges, it puts upward pressure on price, and buyers begin to compete to get their orders filled.

Currently, there is a supply shortage of 3,000 BTC shortage across exchanges. This means BTC price will likely rebound once buyers begin to compete by increasing their bids to fill their orders quickly.

In conclusion, Bitcoin’s supply shortage and the growing uncertainty in the altcoin markets are two critical factors that could increase BTC price dominance in the coming weeks.

BTC Price Prediction: The $27,000 Resistance is Critical

Considering the growing concerns among altcoin investors, BTC prices will continue to dominate the charts and climb toward $29,000 in the coming weeks.

However, IntoTheBlock’s In/Out of The Money Around Price (IOMAP) data suggests BTC will face initial resistance around the $27,000 mark.

At that zone, two million investors that bought 866,000 BTC at the average price of $27,055 could trigger a pullback.

But if BTC manages to scale that resistance zone, it could make its way toward $29,000 again for the first time since April.

On the other hand, the bears could invalidate the bullish BTC price recovery if it unexpectedly drops below the critical $25,200 support zone.

But, the 350,000 investors that purchased 206,000 BTC at the minimum price of $25,212 will likely prevent the drop. Although unlikely, BTC could retrace further toward $23,500 if that support level cannot hold.

It is important to note that United States Fed will announce the next Interest Rate decision on June 14. Strategic whale investors may hold off on making large trades until then.

✅U.S. FINANCIAL REGULATOR'S PRESSURE ON BINANCE AND THE CRYPTO MARKET CONTINUES

Last week, the U.S. division of the cryptocurrency exchange Binance announced the suspension of deposits in dollars and advised customers to withdraw fiat funds until June 13 through the ACH system.

After that deadline, the platform will shut down dollar withdrawal channels due to regulatory pressure. The remaining dollar balances of users after June 13, the platform will convert to Stablecoin USDT.

This comes after the U.S. Securities and Exchange Commission (SEC) sued Binance and its CEO Changpeng Zhao earlier on June 5. The SEC brought 13 charges, including the sale of unregistered securities.

Binance.US has now removed 10 trading pairs of its own BUSD stablecoin and is delisting pairs with the dollar, particularly BTC/USD. In addition, the exchange will be forced to switch to purely cryptocurrency trading mode. For digital assets, all transactions, including deposits, withdrawals and staking, will remain available.

The end of last week was also marked by the decrease in the rate of a number of altcoins. Litecoin and Cardano lost more than 10% each in just one day, while EOS became 18.5% cheaper in the same time.

Even crypto market favorites Bitcoin and Ethereum showed negative dynamics, losing 2.5% and 4.49% of value, respectively.

We remind you that Henbbo investment conditions are the most profitable and stable in the crypto market. On our investment platform you can multiply your capital by placing it on staking or by participating in our affiliate program. This will allow you to get a guaranteed high profit, regardless of the market conditions.

Henbbo - smart investment will change your life!

✅THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION (SEC) SUED BINANCE AND COINBASE

The situation in the global crypto market remains complex and unstable. The Securities and Exchange Commission (SEC) added to the negative sentiment this week.

On June 5, the SEC sued bitcoin exchange Binance and its CEO Changpeng Zhao. The U.S. regulator brought 13 charges, including unregistered offers and sales of BNB and BUSD tokens, Simple Earn and BNB Vault products and stacking.

Later, on June 7th, the SEC filed a motion to freeze the digital assets of Binance.US held by the exchange.

Binance bitcoin holdings shrank by 10,500 BTC within two days of the SEC filing its charges. In dollar terms the withdrawal is equivalent to $277 million.

A day after the start of the proceedings against Binance, the SEC filed a similar lawsuit against the cryptocurrency exchange Coinbase. Against the backdrop of this complaint, the cryptocurrency exchange's stock plummeted 19% in a few hours, from $58 to $47. Most of the digital assets on the SEC's list of claims also showed negative dynamics.

Despite this situation in the U.S. and the general concern of the crypto community about what's happening, the Henbbo fund is fully maintaining all of its favorable conditions for staking and participation in the affiliate program. Thanks to our unique business model, Henbbo investors are able to profit in any, even the most challenging market conditions.

Henbbo - smart investment will change your life!

✅Litecoin (LTC) Miners Prepare for Halving: What’s in Store for Litecoin Price?

Litecoin’s next halving event is now less than two months away. After spending the better part of May offloading their bags, LTC miners seem to have switched to accumulation mode in June 2023.

With crypto whales also joining in on the accumulation wave, what are the chances that LTC price will reclaim $100?

Litecoin Miners are Stacking their Bags Ahead of Halving Event

In concise terms, a Halving Event in crypto refers to a programmed reduction in the rate at which new cryptocurrency units are created, i.e., awarded to miners. It typically occurs at predetermined intervals as a fundamental part of the cryptocurrency’s inflation control.

In anticipation of their block rewards being cut in half in August, miners on the Litecoin network have already started to stack up their reserves. IntoTheBlock’s Miner Reserves data renders real-time balances of crypto wallets associated with recognized miners.

The data shows that the miners have demonstrated confidence in spite of the recent industry-wide contraction that followed the US SEC’s lawsuit filings against Binance and Coinbase this week.

It is also important to note that Litecoin Miners currently hold about 2.5% of the total LTC coins in circulation. By holding such a significant stake, their current bullish sentiment could weigh heavy and trigger positive price action in the coming days.

Crypto Whales Are Getting in on the Action

According to on-chain data, crypto whales took advantage of the recent LTC price correction to scoop the dip. The chart below shows how the Large Transaction involving LTC soared over the past two weeks.

Between May 22 and June 7, LTC whale transactions have trended 23% upward from 893 to 1,100 transactions.

The data shows that the miners have demonstrated confidence in spite of the recent industry-wide contraction that followed the US SEC’s lawsuit filings against Binance and Coinbase this week.

It is also important to note that Litecoin Miners currently hold about 2.5% of the total LTC coins in circulation. By holding such a significant stake, their current bullish sentiment could weigh heavy and trigger positive price action in the coming days.

Crypto Whales Are Getting in on the Action

According to on-chain data, crypto whales took advantage of the recent LTC price correction to scoop the dip. The chart below shows how the Large Transaction involving LTC soared over the past two weeks.

Between May 22 and June 7, LTC whale transactions have trended 23% upward from 893 to 1,100 transactions.

Still, the bears could negate the bullish Litecoin price prediction if LTC unexpectedly loses the critical $86 support. But, the 836,000 investors that purchased 10.48 million LTC at the minimum price of $86.85 will likely prevent the drop.

Although unlikely, LTC could retrace further toward $80 if that support level is breached.

✅HENBBO ADDED SUPPORT FOR BITTORRENT BTT CRYPTO COIN ON ITS PLATFORM

We have great news to share with you - Henbbo has added support for BitTorrent Crypto Coin (BTT) on its platform. Now all clients of our platform can now use BTT to make money on crypto-stacking, or lunchpad trading.

BitTorrent Crypto Coin (BTT) is a cryptocurrency based on the BitTorrent protocol known to many. This peer-to-peer (P2P) protocol was created by Bram Cohen in 2001 to transmit large files over the Internet.

The BTT coin is a key tool used in the BitTorrent ecosystem to reward users for their activity. It allows users to share the most data available in the BitTorrent system more efficiently and quickly.

The μTorrent client is used by more than 150 million users worldwide. Due to such a wide community, current market capitalization of BitTorrent exceeds $600 million, and daily trading volume of BTT coin is more than $13 million. There is more than 950 billion BTT in circulation.

Adding support for BitTorrent (BTT) extends the capabilities of the Henbbo platform and makes it even more versatile and investor-friendly. Our team will continue to develop its functionality to meet the needs and expectations of every Henbbo customer.

Henbbo - smart investment will change your life!

✅Bitcoin Price Analysis: Bears Absorb 25474 Target - 7 June 2023

Bitcoin (BTC/USD) extended its recent pullback early in the Asian session as the pair continued to orbit the 25474.18 level, a downside price objective associated with selling pressure that strengthened around the 28334.75 area. Stops were elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30.

Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas.

Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 26088, 26544, 29813, 26696, 26912, 27281, 27528, 27737, 27805, 28200, 28473, and 28873 levels.

Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels. Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels. Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 200-bar MA (4-hourly) and above the 100-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is nearest the 100-bar MA (4-hourly) at 26904.71 and the 50-bar MA (Hourly) at 26409.93.

Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.

Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.

On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.

On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.

✅THE FLAGSHIP BITCOIN 2023 CONFERENCE IN MIAMI

On May 18, a new phase of the Bitcoin 2023 conference took place on the U.S. coast. The Miami Beach Convention Center's main convention center on May 18-20 was the largest arena that brought together leaders, businessmen, and enthusiasts in the bitcoin industry.

A total of about 400 companies participated in the conference. More than 150 speakers and headliners took the floor during the 3 days of the event. In addition, participants had the opportunity to see presentations by leading bitcoin companies, trading platforms, bitcoin games, an NFT art gallery and much more.

The most popular topic of the conference was the integration of bitcoin into the global and regional economy. Digital currencies are becoming more and more popular, and many countries are launching processes of their legalization. Therefore, the cryptocurrency community is actively discussing what principles and how cryptocurrencies will be fully integrated into the financial system.

Investment and decentralization were also at the peak of discussions. Most of the speakers emphasized that it is very important where and how to properly invest the earned money to increase profits.

Investment was the main focus of the Henbbo Foundation program at the Bitcoin 2023 conference. This was reflected both in the company's presentation materials and in the reports of our representatives, who spoke at the conference.

Much attention was paid by Henbbo fund to direct contacts with other participants, investors and businessmen. Over the past 3 days our representatives were able not only to hold more than 30 corporate negotiations and consultations, but also to conclude a number of cooperation agreements.

The fund management highly appreciated the results of participation in the Bitcoin 2023 conference. Our platform aroused keen interest among new crypto-investors. As a result, Henbbo has already received $4.3 million in new investments during the conference, and several more contracts totaling $3.2 million are under approval.

Henbbo - smart investment will change your life!

✅$31K was not the end’ — 5 things to know in Bitcoin this week

It has been a long time coming, and for seasoned traders, the signs are increasingly pointing to volatility making a comeback.

There is little by way of macroeconomic triggers due this week, making the focus shift elsewhere for cues as to what BTC price action might do in the short term.

The on-chain analysis provides other interesting insights, reinforcing the idea that for Bitcoin currently, the only “boring” part is the spot price.

Cointelegraph takes a look at the key factors at play as BTCUSD hovers around $27,000 for another week.

Weekly close preserves key trend line BTCUSD may not have inspired with its latest weekly close, but some popular traders are seeing fresh cause for optimism.

Despite remaining firmly in its narrow trading range, as confirmed by from Cointelegraph Markets Pro and TradingView, the chances of a breakout toward $30,000 are increasing.

“Feels like it's a matter of time until Bitcoin finally breaks that 30k level once and for all,” trader Jelle wrote in part of his latest analysis.

Jelle, like others, noted that the 200-week moving average (MA) — a key support line — remained intact.

Also intact were various support structures on trader and analyst Rekt Capital’s radar covering daily timeframes.

“So far, so good,” he summarized about the potential for an exit higher, potentially invalidating a bearish “head and shoulders” structure from the weeks prior.

An additional tweet mentioned a “successful retest” of support in the offing.

“BTC broke down from a head and shoulders pattern in May. But there's classic whipsaw action around the neckline,” trading account Game of Trades nonetheless acknowledged.

“The pattern remains valid unless the price moves above the right shoulder.”

An accompanying chart gave a potential downside target of just $24,000 for BTCUSD as a result of the head and shoulders event.

Others looked for less movement, such as trader Crypto Tony, who eyed $25,300 as a possible destination, subject to $28,350 staying un flipped as resistance.

Macro lull comes as traders eye dollar rebound In an unusual week of calm for traders, June 5 through June 9 will see little by way of macroeconomic data come out of the United States.

With the debt ceiling debacle left behind, the next potential volatility catalysts will come in the form of macro reports for May, such as the Consumer Price Index (CPI) print — these nonetheless not due for another week.

With that, attention is focusing on oil production cuts from Opec+ members, as prices continue to fall despite existing reductions in output.

A more direct potential headwind for Bitcoin and crypto, meanwhile, comes in the form of the U.S. dollar.

The strength of the greenback has been forming a rebound since the start of May, and since then, the U.S. dollar index (DXY) — traditionally inversely correlated with risk assets — has gained around 3.5%.

Popular analyst Matthew Hyland noted increasing relative strength index (RSI) scores for DXY on weekly timeframes.

Fellow trader Skew flagged 104.7%, the current June high, as a key level to close above to form a bullish DXY trend.

“Strong close & moving higher in early EU trading session,” he commented on the day.

“If USD closes above $104.7, I would consider that as USD strength. So far this looks risk off but we see later on.”

Over the weekend, meanwhile, TraderSZ described DXY as “bullish until proven otherwise.”

Stocks buoy bullish crypto case.

The debt ceiling resolution had an immediate cathartic effect on equities, but crypto markets have broadly failed to copy their enthusiasm.

This may still change, market participants argue, as the S&P 500 hits ten-month highs.

“The US House has passed a key debt ceiling deal, launching the #SP500 to its highest price since August. Altcoins like $LTC, $LEO, and $FGC have jumped today,” research firm Santiment wrote on June 2.

An accompanying chart also tracked a “rebound” for gold, this nonetheless short lived with a retracement setting in to mark the new week.

At the time, as Cointelegraph reported, others were also eyeing positive correlation between Bitcoin and a resurgent S&P 500.

Bitcoin hodlers comfortably in profit: “It's easy to ‘feel’ that the Bitcoin rally is over, but the facts say it's not,” popular technical analyst CryptoCon wrote in findings last month.

At the time, BTCUSD was almost $1,000 higher than current levels, but enthusiasm was just as lacking.

CryptoCon was analyzing the state of Bitcoin holder profitability, using the Net Unrealized Profit/Loss (NUPL) metric created in 2019 by entrepreneur and analyst Tuur Demeester and others.

For the past several months, NUPL has stayed practically stationary around a value of 0.25 — indicating that overall, the BTC supply are modestly “in the black.”

NUPL measures the difference between unrealized profit and unrealized loss, both of these calculated by gathering unspent transaction outputs (UTXOs) to see how much coins are worth compared to when they last moved on-chain.

“Any value above zero indicates that the network is in a state of net profit, while values below zero indicate a state of net loss. In general, the further NUPL deviates from zero, the closer the market trends towards tops and bottoms,” analytics firm Glassnode explains in an introduction.

While calm in recent months, NUPL has delivered an uptrend retest, which is cause for confidence, CryptoCon now says.

“31k was not the end, hope you're ready!” he concluded in an update this weekend. Largest Bitcoin whales at center of "dichotomy"

On the topic of investor sentiment, the current view of the market varies heavily between classes of hodler.

As noted by Glassnode itself, most remain distinctly risk-off on Bitcoin — since May, selling has dominated despite the lack of capitulatory events.

The one exception, it appears, is the largest class of Bitcoin “whales.”

Uploading a chart of accumulation versus distribution adjusted by cohort, Glassnode showed that wallets holding at least 10,000 BTC are adding to their positions, while everyone else is reducing exposure.

“An interesting dichotomy across the Bitcoin Accumulation Trend Score persists, as the largest of Whales (>10K BTC) continue to aggressively accumulate, whilst all other major cohorts experience heavy distribution,” researchers commented.

The last accumulation phase from these “mega whales” was in late 2022, with BTCUSD beginning its 2023 rebound weeks later.

The whales then paused in mid-January, entering a distribution phase of their own before flipping back to accumulation in May.