Author: Cointelegraph By Ciaran Lyons

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Bitcoin could soon ‘BLOW higher’ on bullish candle hammer: Glassnode execs

Traders will be closely watching how Bitcoin’s weekly chart closes on May 12 to look for signs of the end of the downtrend. Source link

Emergency ‘wall of liquidity’ to prop up Yen bullish for Bitcoin: Swan

Swan Bitcoin’s Dante Cook suggests that Bitcoin could benefit from the declining Japanese yen, depending on what the U.S. and Japan central banks do next. Source link

2 key Bitcoin indicators have ‘cooled off’ — Why it could be bullish

The Bitcoin funding rate and 3-month annualized basis rates are moving to levels that signal to traders it may just be the “calm before the storm.” Source link

Buy altcoins now, but sell before ‘mid-2025’: Charles Edwards, X Hall of Flame

Crypto analyst Charles Edwards believes we’ve entered “the 12-month window” to make altcoin profits: X Hall of Flame. Source link

Bitfinex database breach 'seems fake,' says CTO

Bitfinex CTO Paolo Ardoino explained that if the hacking group was telling the truth, they would have asked for a ransom, but he “couldn’t find any request.” Source link

Bitcoin will 'propel the next leg up' if key trading pattern confirms — Traders

The inverse head and shoulders pattern forming “would make sense” if Bitcoin doesn’t “break straight through” to $67,500, according to a crypto trader. Source link

Grayscale’s GBTC stops bleeding: First inflow since launch

Grayscale Investments’ GBTC has seen its first day of inflows, following over $17.5 billion in outflows since the launch of Bitcoin ETFs in January. Source link

Former Cred execs face wire fraud and money laundering charges

After attending their initial court appearance on May 2, the former CEO and CFO of Cred must enter their plea on May 8. Source link

Bitcoin selling pressure to ease? M2 money supply flips positive

Crypto traders are pointing to the M2 money supply turning positive as a bullish signal for Bitcoin. Source link

BTC price chart seen mirroring US spot Bitcoin ETF launch pattern

Bitcoin’s price chart looks similar to when spot Bitcoin ETFs were launched in the United States — suggesting a breakout soon, though there are some differences this time around. Source link