Episode Summary
Today On Crypto Daily:
Why Did Binance Suspend All Bitcoin Withdrawals?
Bullish Signs to watch in Ethereum and Dogecoin.
Will Dogecoin reach $1 - What the people say: https://twitter.com/Benzinga/status/1453739342409596931
Repy in Twitter Thread: https://twitter.com/Benzinga/status/1453739342409596931
#BTC, #ETH, #DOGE
Questions? Ask at [email protected] and we will answer!
Hosts:
Joe Dewitt Follow at: https://twitter.com/metabitz
Crypto Heat Map
Subscribe to our Benzinga Crypto Youtube Channel
Subscribe to Moon or Bust Podcast
Past Episodes of Daily Crypto
Disclaimer: All of the information, material, and/or content contained in this program is for informational purposes only. Investing in stocks, options, and futures is risky and not suitable for all investors. Please consult your own independent financial adviser before making any investment decisions.
Unedited Transcript:
Hey, everybody happy Monday. Hope you all had a wonderful weekend. My name is Joe Dewitt and this has been Zynga's crypto daily.
Oh, should I got to find this tweet?
So it does have this tweet up and then I have fricking lost at looking at.
First off Bitcoin magazine. First off Bitcoin magazine, just announced that Binance is.
Announced that Binance is suspending all Bitcoin withdrawals. Um, most likely this is probably due to them upgrading their infrastructure. Maybe they think that price action is going to rally taking a look over at price. I had just been a quiet weekend for Bitcoin, just a little bit of a consolidation in the sideways direction.
This hesitation on Bitcoin makes me think that price action is going to fall down to that 58,000 as people become more hesitant. We have not seen that volume that we would like this.
So most likely we're going to come down to this 58,000 for a retest before revisiting those all time highs. Um, ideally we do not fall below that 58,000.
Taking a look at Ethereum. Ethereum is looking good. Um, we are currently at touching the top of that resistance at 4,360. Uh, I shouldn't say like that. Taking a look over at Ethereum. Ethereum is looking good. We are currently touching resistance at 4,370.
This all time resistance. Mark has been crucial for us. We have tested it a number of times
and even broke through all time highs, but that quickly turned into a red candle.
The volume here on Ethereum is looking slightly more promising. So if we could get that volume coming in with this green candlestick, that would be a very bullish sign for Ethereum.
Taking a look over at dos coin. Doge coin is looking solid, looks like it could potentially pump it. Had that long run on the 28th. And we have just been consolidating and the downwards direction. This weekend volume is not there. Although we are in between 200 day and the 50 day moving average testing.
The top of that 200 day, we have also established a few higher level. So if price action for doge coin can get on top of that 200 day and use that as support,
that would be extremely bullish for doge coin and we'd have a target of about 35 cents there.
And today, guys, I'm going to discuss the results of our survey that we posted on the official Benzinga Twitter last week, Friday. Um, 41% of everyone said that yes, dose coin can go to $1. Oh, should I, should we say that? Didn't even say.
And today I'm going to discuss the results of our poll that we posted on the Benzinga Twitter. Last week, the question was can doge coin reach $1 as we discussed in our podcast, 41% of you all said, yes, 45% said no, and 14 per cent were somewhere there in the. As we discussed dos coin, going to $1 would imply a four times market cap putting dos coins market cap at roughly 145 billion.
That would be making it the third largest crypto by market cap, which seems extremely unlikely. Although with the growth of the entire crypto market may not be impossible.
Hmm.
I'm curious to see all of you that voted yes. That those coins can reach to a dollar. I want to hear your opinions behind that.
Um,
um, And for all the individuals that say that, or for all the individuals that think doge coin could reach $1, please reply to our Benzinga post today. Um, give us a reason on why you think doge coin could potentially reach $1 in the near future.
That's all the time we have for today, guys. Thank you so much for listening. Make sure to follow our, uh, rumor Kenzie wars. That's all the time we have for today, guys. Thank you so much for listening. Make sure to follow and subscribe to our podcast and you can follow me on Twitter, which will all be in the description below.
Have a good one.
Support this podcast at — https://redcircle.com/crypto-daily/donations
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
