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- 🧑🚀 The market turned bullish
🧑🚀 The market turned bullish
Bitcoin crossed the 120SMA this week and we're looking good
Bruno S
April 29, 2025
📈 Market update
120 SMA
BTC looking healthy for the first time in a while
Bitcoin has officially broken above the 120-day Simple Moving Average (120SMA), a key indicator we use to gauge the overall market trend. This signals a clear shift towards a bullish environment.
Given this confirmation, we have closed all of our short positions to protect profits and minimize risk. At the same time, we have opened a long position on BTC to align ourselves with the new upward momentum.
We’ll continue monitoring key support and resistance levels closely, but as long as BTC holds above the 120SMA, the bias remains firmly bullish.
👀 Projects we’re keeping an eye on
“MyCryptoProtocol (MCP) is a protocol-level framework that connects AI agents (via Model Context Protocols) with crypto-native services, enabling seamless, standardized interaction across trading, DeFi, governance, and social platforms.“
Token: MCP
New exchange launching on Solana — probably will have a token airdrop. They have a real and doxxed team that has worked previously on DYDX.
You can now signup for updates on their website.
“Gathering resources on @berachain to survive hibernation 🍯❄️ The VC of the people“
Token launching this week — announcement here
📰 What are the latest?
Bitcoin Edges Higher as Treasury’s Bessent Tempers China Trade Expectations — Investors responded positively to the president saying that tariffs on China “will come down substantially.”
Strike founder Jack Mallers to lead Tether-backed multi-billion bitcoin buying venture, Twenty One Capital — Jack Mallers is joining as CEO of Twenty One Capital, the new firm focused on buying bitcoin backed by Tether, Softbank and Cantor Fitzgerald.
Coinbase to open Charlotte office, hire 130 as part of US expansion and Trump-aligned push — Coinbase is expanding to Charlotte, North Carolina, the exchange confirmed with The Block on Wednesday.
Bitcoin to Hit New All-Time High Around $120K in Q2, Standard Chartered Says — Strategic allocation away from U.S. assets is likely to be the catalyst for move to a new record.
🧃 In other news
Bullish News:
🚨 JUST IN 🚨
Jim Cramer says: "A 1987 Black Monday style crash is coming to Wall Street".
— BitBuzz (@BitBuzzNews)
8:00 PM • Apr 27, 2025
Amazing bullish news! Cramer is always wrong, buy everything.
🙏 Thank you for reading
That's all we have for this week, but rest assured, we will return next Tuesday with more updates and insights.
In the meantime, stay positive and stay in the market!
— Bruno
