Well the bears are crying as who would have thought Bitcoin would have been testing these
resistance levels already and smashing through!?
It’s only the end of August, not even into September!
With each passing week...it’s becoming more clear this bullrun is back on in proper form!
Just like this channel….you know the drill!
It’s time for Chico Crypto!!
Yes, BTC did the unbelievable yesterday & broke a big resistance level…$50k!!
Not only is it technically a big level, but psychologically, $50k is a big BREAK!!
And in the past it has warranted BIG immediate moves immediately after!
I think I’m one of the only youtubers, who thought Bitcoin would be getting back to these
higher levels this soon!
And I think it may just get a little hotter by the end of the week or by the turn of next
week!
Less than a month ago, on July 30th...I posted this video….”BITCOIN Blastoff to $60,000
To Happen in Just 30 Days!?” and in that video I said we possibly could be hitting
$60k by September 1st!
What!?
$60k by September 1st??
Are you loco Chico??
Maybe a bit loco, but there is a method behind my madness!
Like I said $50k is a seriously physiological level...it’s half way to the $100k...which
the popular stock to flow model is saying could be this cycle's PEAK!!
Breaking this halfway mark, in the past, has warranted serious price moves shortly after!
Back in February with the 1st official break on the 17th, it only took 4 days for the price
to get neary 60k, up to $57,500 on the 21st!!
The 2nd time we broke $50k came shortly after, as the price was rejected on that 1st attempt.
The 2nd break came March 7th and by the 14th, in just a week, we had officially reached
$60k!!
Obviously, in the past, with a break of $50k..shortly after the price likes to move and move quick!!
But there is more to my reasoning that $60k BTC could be touched by September 1st & it’s
what’s been going on recently.
Since we dipped from the May Bitcoin Peak, and dropped below 40k...it took from May 18th
to August 4th, 79 days for Bitcoin to break out of the 30k to 40k range...we bounced up
and down and all around in that range.
Now to break the 40k to 50k range, it has only taken from August 4th to as of yesterday
August 23rd.
That is just 20 days!
The time it takes to break these 10k ranges is shrinking, contracting.
79 days 30k to 40k...20 days 40k to 50k.
Is it possible $50k to $60k only takes 7 days???
Well we will have to wait and see...but I’m not the only one who thinks this could happen!
A JC on Twitter @sats2140 tweeted “This is Bullish.
As long as we close above this range (49.3K to 50K) BTC looks bullish.
From 50K to 60K will happen quicker than many predict.
A Joshua Heacock tweeted “Seems like $50k is the resistance line.
It's hit a few times the past couple days but hasn't broke.
Currently a high RSI.
I expect a pullback tomorrow (Monday 8/23), then breaking $50k Tuesday.
I still see 9/3 as $60k PT date.
Then?”
And finally someone has my exact thoughts….a James Hendrxx on Twitter, tweeted “60k #Bitcoin
by September 1st.
Let’s see if I can do this again”
Do you watch my content James??
Now that we have talked about a little BITCOIN Hopium...it’s time to switch gears to Altcoins.
Starting with the #1 Alt Ethereum and one of the sectors built on top of it...not DeFi,
but NFTs!
It was super bullish News for Ethereum yesterday, as it was announced by Visa yesterday that
they had purchased an NFT, specifically a crypto punk-number 7610.
But it wasn’t just a buy from Visa, they also said “We support the creators, collectors,
and artists driving the future of NFT-commerce.
Learn more about our perspective on NFTs with an attached blog, and also “Curious about
NFTs and how to integrate them in your brand strategy?
Check out the latest from Visa on evaluating and scaling crypto art: with an attached research
paper on NFTs and commerce!
Visa now has a detailed blog on NFTs titled “NFTs mark a new chapter for digital commerce”
and in the blog it says: how might Visa play a role?
Cuy Sheffield, head of crypto at Visa said “In the near term, we want to help brands
and businesses better understand NFTs and how they might be harnessed for customer and
fan engagement.
To that end, we published a paper with observations on today’s NFT landscape, as well as actionable
guidance on how to evaluate and scale NFT opportunities.
That was the research paper mentioned in the tweet and it’s titled “NFTs:Engaging Today’s
Fans in Crypto and Commerce and is very detailed, 17 pages on NFT research!
Cuy then says back in the blog “Looking ahead, we’re working on some new concepts
and partnerships that support NFT buyers, sellers, and creators.
We look forward to sharing more in the months ahead.
Visa is working on some new concepts and partnerships within the NFT space.
They are going to share the details, in the coming months ahead!
Who could have seen that coming??
Well none other than your boi Chico Crypto.
March 30th, I posted this video “Visa Partners with Ethereum but also this NFT Altcoin!?
Where I dove into Visa settling transactions over it’s network with USDC, and then dove
into Visa’s love for NFTs.
Covering a couple of NFT projects who had some indirect ties to Visa, a tie to Visa
through Coinbase... which included Rarible and the tokenless Nifty Kit!
Could these be the NFT partners Visa was talking about!?
Or could it be someone else??
Well we need to see what those involved with Visa are talking about..and a good place for
that is on their Twitters.
Remember Cuy Sheffield is head of crypto at Visa, and less than a month ago, Cuy retweeted
this from FTX Exchange, it was Visa’s q3 earnings call & they announced they had invested
in the FTX exchange.
Now if you didn’t know, FTX founder and CEO is Sam Bankman Fried, and he is a very
prominent supporter of….Solana!!
He’s been on podcasts and shows speaking about his support for it, and even his decentralized
exchange Serum, was one of the first projects announced to be building on the Solana blockchain!
Soo, Cuy is retweeting Visa’s partnership with FTX...I wonder if another Visa crypto
employee is talking about Solana?
Well Raj Parekh is the Director of Global Crypto Products at Visa.
What did Raj recently tweet on August 16th?
“NFTs are proving to be a great on-ramp for blockchains like Solana to onboard new
users into the ecosystem.
Come for NFTs, stay for the gas efficiency.”
Hmmm, FTX is a partner of Visa, which is being retweeted by Cuy, their crypto lead...and
Solana is being tweeted about with high regard from their head of Global Crypto Products,
Raj….just a coincidence of is there something more than meets the eye!?
So, the coins I would keep an eye on are Rarible and Solana & the platforms I would keep and
eye on are Nifty Kit...and that video where I first dove into Visa and NFTs, if you want
to check it out is included down in the description and also you can view bl clicking the tag
above
But since NFTs are about as hot as it gets right now, let's finish this episode off with
BIG ALTCOIN news that isn’t my speculation, but the news has dropped!
Japan's largest Airline, is called ANA...and it is from the large Japanese conglomerate
ANA group that has many subsidiaries and even cargo based operations.
And the airline ANA likes to do big partnerships, like star wars decorated airplanes and even
Pokemon based ones!
Well they have a new one, and it was detailed in this press release titled “ANA HOLDINGS
and JP Games Partner to Launch ANA NEO, Introduces "SKY WHALE" Virtual Platform!
The blog says “ANA HOLDINGS INC has partnered with leading game studio JP GAMES1 to launch
ANA NEO an interactive virtual platform that will bring the joy of travel and unique online
shopping opportunities to audiences worldwide.
Key to the ANA NEO platform is the "SKY WHALE" where users will be able to travel and access
interactive activities and other environments within ANA NEO.
It’s basically a metaverse!!
And below it says “SKY WHALE will introduce JP GAMES' Pegasus World Kit2 cyberspace service
engine which features blockchain technology.
Capable of safely processing digital transactions, Pegasus World Kit will make it possible for
SKY WHALE to make strides towards Society 5.0 by integrating reality and cyberspace.”
Blockchain technology!!
I wonder who?
Well below, it has the partners of this.
Government based and national tourism boards like the Austrian National Tourist Office,
Destination CANADA, Institute for Economic Studies, Hawaii Tourism and many others….but
blockchain..who could be helping with Blockchain?
Well they have the corporates listed below, and it’s big names Japanese and beyond including
shopify and trip advisor...but the only blockchain based company involved is Soramitsu and the
Sora Network!
So is Sora helping Japan's hottest new game publisher, JP games build the Pegasus World
Kit?
Well of course it is, the Soramitsu twitter...Tweeted just that and then going to JP Games website,
there is Sora listed as a partner, along with Epic Games!!
So who has content that’s this epic??
I don’t think anyone else.
Cheers!
I'll see you next time!