Hello I shared a news on PA network hack hello I am a Abhinay sengar So let’s start

The let’s get in to the charts here bitcoin yesterday completed a double bottom breakouts sending the price of bitcoin up and over $51,000 most importantly I got over the diagonal line of resistance however there is bad is here it is not hold that short term right now bitcoin is struggling to hold that line is currently under that line after coming back down to read asked the neckline of the double bottom breakout sadly this entire double bottom pattern actually laughed any real value showing the traders were just not committed to remove the lack confidence in a strong break out here

As you can see see on the daily chart here the price of bitcoin that daily candle is about to close above the Green line here if that happens if we do confirm a daily close above this Greenland very nice move a trend reversal is underway for bitcoin obviously we do need to see that nice clothes happen a timer for 20 or so that our so away from seen this daily candle close but it’s looking good at the moment glass know to share with you this shows that 1.2 million bitcoin higher bitcoin supply moved on China between the price of $46,600 and $48,600 which means that it is likely to be our range of price support moving forward since all of these new buyers

The new buyers decide to sell at a loss were minors come in and step up selling pressure and asked way but with minor supplies depleted not is likely to happen in the very near future this area in the $46000-$47,000 is our most important area of price right now for bitcoin that is likely to be the sweet spot for the buyers before we start moving back up price discovery in the coming weeks.

big news

the first big news story for today is that the US stimulus bill is finally going to go through and talk about the stimulus bill for like ages now because I have a ridiculous past the house final process now $.9 trillion sup one half back to the stock market conference here doubling down on the boat afloat essentially this is good for bitcoin that one1.9 trillion freaking dollars not coming Magical government savings account it’s coming from money printing error is coming from freaking dad Zach forces to continue to drive investors and institutions and companies are open and waiting arms of bitcoin story is about a publicly listed Chinese company called Main To has joined crypto buyers club about 380 bitcoin and 15,000 Ethereum period quick assets worth doing here with the script or purchases and totally based around $40 million I know I know another day another company buying back one big surprise work but the story is big for one simple reason they did not just buy bitcoin they also bought a serial this may be the first example of a publicly traded company buying period as a strategic reserve asset that’s very interesting that is a big deal .

by the way but of software company videos of $1.5 billion market cap so you know that irrelevant they also ranked 50 billion daily active users that remember the story 10 trillion dollars if you are sitting in corporate treasury global lots of smaller companies Sam I these all these guys markets will be massive story like this all year long

okay .now finally I want to talk about happened with peer networks on Saturday morning there was a hack of a smart contract that allowed the hacker to bit more tokens resulted in the price crash by over 90% in a few hours ouch first we need understand what this was and what this wasn’t this was a scam or a drug haul as some commentators are saying that it is a network with the victim of a malicious actor here the team is still out in front working in resolving the situation they neither location they have not very hard to fix the issue and make things right with investors and to relaunch of course the very popular ignition platform that being said there is no sugar coating what happened a lot of people lost a lot of money because of this hack for another hack in just a long so many over the last year our team to really really build that trust process that we help that ladki both lost a lot of money on this I hack situation the current plan right now is to re-launch the token with a snapshot for holders from just before the expo happened they should be happening very very soon actually hopefully we can see the very popular launch pads coming back online really soon as well that would help really propel the token backup in value will help pay network really move past this is a pretty unfortunate situation happened I personally have a lot of pain will bounce back from the hack stronger than before but you know this is been a pretty big head for them so hopefully we can get back back to business as usual in the very near future anyway those are just my two Satoshi is your question for today do you think the trend is reversing for bitcoin what do you expect a lot more price to come in next few weeksTo come in next few weeks if you’re your opinion on the area is going to your new areas.

Let me know thanks for reading that

Thank You

Cc:-
@steemitblog
@steemcurator02
@booming01
@booming02