Bitcoin's Current Rally Could Be A Bull Trap

Bitcoin's Current Rally Could Be A Bull Trap

Can't read or see images? View this email in a browser

Hi Crypto Academy Network, This could be a cause for concern to the crypto investors because some equity analysts anticipate Nasdaq to correct sharply. Veteran trader Peter Brandt tweeted a chart of the Nasdaq 100 index and highlighted similarities between the current chart structure and the one that formed just before the dotcom crash. The weak performance of cryptocurrencies in 2022 and their tight correlation with US equity markets has resulted in sharp withdrawal from crypto exchange-traded funds. According to UBS analysis, crypto-ETFs witnessed outflows of $417 million in April, the largest on record. Google Trends data has shown that worldwide searches for Bitcoin have fallen off the cliff compared to May 2021 readings. This suggests that the retail interest in Bitcoin may be waning. Bitcoin’s price has decreased 0.56% from $40,750 last week to around $40,520 and Ether’s price has decreased by 1.64% from $3,050 last week to $3,000 Bitcoin's market cap is $770 Billion and the altcoin market cap is $1.10 Trillion. KEY TRADING LEVELS ETH TRADE XRP TRADE BTC TRADE Top Content This Week! Twitter Will Accept Musk's Takeover Offer Kraken Awarded Crypto trading License SEC Adds 'Misleading' Crypto Firms Top Article This Week! ARTEX: Venture into Artex CEX Coinbase Launches NFT Marketplace Loop Ventures: The First Unified Earnings Disclaimer The information you’ll find in this email is for educational purpose only. We make no promise or guarantee of income or earnings. You have to do some work, use your best judgment and perform due diligence before using the information in this email. Your success is still up to you. Nothing in this email is intended to be professional, legal, financial and/or accounting advice. Always seek competent advice from professionals in these matters. We also recommend that you check all UK laws to make sure you are in compliance when you create your online business. If you break the city or other local laws, we will not be held liable for any damages you incur

This email was sent by clientservices@platinumcryptoacademy.com to edwardlorilla1986.paxforex@blogger.com Not interested? Unsubscribe Cryptonaire Weekly Subscribers Platinum Crypto Academy | United Kingdom