Mediaboss Marketing

Jeff Dorman, the Chief Investment Officer (CIO) of Arca, has recently joined forces with renowned financial expert Raoul to analyse the aftermath of the persisting banking crisis. With extensive experience in the financial industry, Dorman brings a unique perspective to the table. During their discussion, Dorman expresses his optimism for Bitcoin and highlights why he believes it is a promising investment opportunity amidst the turbulent times. Drawing on the decentralised nature and limited supply of Bitcoin, Dorman explains how these attributes make it an attractive store of value and a hedge against inflation.

Furthermore, he emphasises the growing acceptance of cryptocurrencies in mainstream finance and the potential for Bitcoin to disrupt traditional banking systems. Dormans bullish stance on Bitcoin underscores his confidence in its resilience and its ability to provide stability in a tumultuous financial landscape. Ethereum is expected to follow the bullish trend. The new meme coin in the crypto market PAT WARS (PAWS) is seen creating an unprecedented buzz during its presale.

Bitcoin (BTC) is poised for a potential recovery as it nears a crucial turning point. The weekly Bearish Breaker, ranging from $29,247 to $41,273, led to increased selling pressure and a subsequent 16.50% decline between April 10 and May 8, landing Bitcoin in the weekly Fair Value Gap (FVG) between $22,591 and $26,591.

Although a clear bullish trend has yet to emerge, there are indicators that traders can monitor for early signs of a reversal. The Relative Strength Index (RSI) may dip slightly lower before bouncing off the mean level, while the Awesome Oscillator (AO) demonstrates a decline in bullish momentum but is nearing a reset at the zero-line.

Considering this potential momentum reset, investors should keep an eye on the support levels at $25,205 and $24,300 to accumulate BTC. A significant shift in momentum can be observed on the daily chart, and if buyers regain control, Bitcoin price will target a retest of the midpoint of the bearish breaker at $35,260. This would represent a substantial gain of 40% to 45% for investors, depending on their accumulation levels.

Its important to note that the aforementioned bullish scenario must be confirmed before taking action. If neither of the outlined indicators materialises, Bitcoin price could continue its descent, finding support at $17,605, which corresponds to the selling climax of the June 13 weekly candlestick.

Ethereum (ETH) awaits a signal from Bitcoin to initiate its own recovery. From January 14 to May 13, Ethereum price displayed a prolonged bearish divergence sell signal on the daily chart, resulting in a 17% crash over four weeks, bringing ETH down to $1,735. Although a recovery appears underway, investors should exercise patience and wait for Bitcoin to show its hand before considering altcoins like ETH.

For accumulation, investors can monitor the $1,705 support level, but in a worst-case scenario, a dip into the daily FVG between $1,478 and $1,563 could be plausible. Should Bitcoin initiate its recovery, Ethereum price could follow suit, aiming for a rally and a retest of $2,028.

Its worth mentioning that a daily candlestick close below $1,478 would invalidate the FVG and the bullish thesis for Ethereum price, potentially leading to a slide down to $1,249.

Pat Wars (PAWS) is an exciting meme coin that draws inspiration from Star Wars and cat lovers. The adorable and wise mascot, the PAT WARS clan of Jedi cats, takes the lead in this endeavour. But what exactly do they do? They are the brilliant minds behind the innovative PAT WARS platform, prioritising community above all else.

The dedicated development team devotes a significant amount of effort and time to fostering a thriving community. This commitment is evident through the implementation of features that promote decentralised governance and empower the community. For instance, the introduction of a DAO (Decentralised Autonomous Organization) allows community members to actively participate and vote on crucial decisions.

Additionally, PAT WARS boasts an impressive NFT collection, granting owners exclusive access to exciting events, captivating content, and unique opportunities. Powering the PAT WARS ecosystem is PAWS, the native utility token built on the Ethereum network as an ERC-20 token. This choice ensures outstanding speed and security, potentially positioning it as a competitor to industry leaders. With PAWS, the convergence of Star Wars enthusiasts and cat lovers creates a vibrant community driven by innovation and shared passion.

Website: https://www.patwars.com

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

Here is the original post:

Jeff Dorman Bullish on Bitcoin, Ethereum Could Follow Suit As Pat ... - Analytics Insight