🧐 Elon Musk Is Now Confirmed Bitcoiner. $120k BTC On The Horizon?

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GM, it`s looking good, frens.

And it might get even better. BTC is currently on the precipice of a massive breakout, which might send it straight into the $120k territory.

On the other hand, if this move was “it”, we might continue this choppy range a bit longer. The good thing is we`re still talking about the $100k level range. As long as Bitcoin holds above, it is continually proving strength.

A funny thing happened today. Last Wednesday, we speculated about Elon Musk going through his Bitcoin awakening moment soon, but even I didn`t expect it would happen so soon. Elon is currently on his “Trump hunt”, confirming he will create his own political party, while embracing Bitcoin.

Memories of 2021 times are starting to flash back, looking at everything happening, and honestly, crypto needs it. Only 7% of the global population is invested here with us, and it will surely help to get more trending interest in crypto from here.

Right now, the trends are looking like this (we basically never entered a true bull run ever since). There`s still a lot of potential here, in my opinion. The only real question is timing, as always.

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The important bits.

• Fuel Networks made a lot of updates, read the full thread here

• HypurrNFTs from Hyperliquid are now tradable on Drip Trade

Even more important bits.

• Trump says new trade deals have been made and will raise tariffs on other countries by August 1st

• FTX Recovery Trust says creditors in 49 jurisdictions, including China and Russia, may forfeit payouts

• OpenAI says it did not approve Robinhood's new tokenized shares tied to its private equity

Charts and stats of the day.

• Two Bitcoin wallets have moved 20,000 BTC, worth over $2.1B, after sitting idle for 14 years

• Franklin Templeton has tokenized $800M in assets across multiple blockchains

• The first US-listed spot Solana staking ETF ended its debut day with $33M in volume

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BONKUSDT 1D Binance

I want to ride BONK and this new launchpad meta to Valhalla, but I don’t have a bag - GG me. Tricky spot this, because it’s at high timeframe resistance and overbought, but plenty of people are in the same boat as me, who will be top-blasting. Wat do?

Here’s my plan - bid a pullback to 0.00002 and under. If price runs away, bid the reclaim at 0.000022. Price will likely sweep the liquidity at those old highs and retest the Point of Control from above (white line). Let’s see what we get.

Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!

The LetsBonk launchpad is absolutely raging these days. Here`s some stats for you:

And of course, if you want to chat about specific memecoin picks our community dabbles in, join our Discord`s Meal Deal chats! 

If there ever was a time to test out your free trial, it is now.

CODEC (AI agents)

Bald Brothers (Hyperliquid NFTs)

To save you doom scrolling.

It might still take a bit of time to filter through all this. We`ve got too many coins.

I think this or next week is when our questions are finally answered: will we have another choppy summer, or is this the time for a real breakout?

The clock is ticking now. Very interesting times.

stay safe homies,

Hix0n 🫡