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JUST IN: 🇺🇸 Donald Trump's campaign says he will build a #Bitcoin and crypto army to defeat Joe Biden in the presidential election.

#BTC A Weekly Candle Close above ~$71500 would probably kickstart the breakout from the Re-Accumulation Range However, history suggests Bitcoin should consolidate inside this Re-Accumulation Range for several weeks more Extended consolidation here would get Bitcoin closer to resynchronising with historical Halving Cycles After all, the current acceleration in the cycle is still around 190 days (which is an improvement from the 260-day acceleration set in mid-March when BTC made new All Time Highs) On the one hand, investors understandably want a breakout, but that would entail an Accelerated Cycle, where Bitcoin would probably peak in its Bull Market sooner On the other hand, extended consolidation here would help with resynchronisation with historical Halving Cycles, resulting in a longer Bull Run There is no right or wrong answer - both cases are bullish It's more a question of whether we get a shorter bull run or a typically long one History suggests we should see a typically long one but Bitcoin is one Weekly Close above the $71500 Range High from going against the grain of history once again $BTC #Crypto #Bitcoin

Re the news that bitcoin ETFs have been approved to trade on the London Stick exchange, it’s true but few imp details: only physically backed allowed, two wisdomtree ones to start and retail ban still in effect. Good piece on it from ETF Stream: etfstream.com/articles/wisdo…