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Bitcoin News Alerts | Daily BTC News

814: RIO DE JANEIRO, BRAZIL TO ALLOCATE 1% OF CITY RESERVES IN BITCOIN!! BTC PRICE WILL MORE THAN DOUBLE!

Bitcoin News Alerts | Daily BTC News

Bitcoin News Alerts

Investing, Education, News, Business, Tech News

3.6626 Ratings

🗓️ 14 January 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

Eduardo Paes, mayor of Brazilian city Rio de Janeiro, wants to allocate 1% of the city’s treasury into Bitcoin. Paes reportedly announced plans for “Crypto Rio,” or turning the city into a cryptocurrency hub during Rio Innovation Week on Thursday, according to a report by local news agency O Globo. “We are going to launch Crypto Rio and invest 1% of the treasury in cryptocurrency. The government has a role to play,” Paes reportedly said, adding that the state is also planning to introduce tax exemptions for the industry. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:59.8

In today's show, analysts expect turbulent Bitcoin price until 46,500 flips to support and checking out the latest technical analysis from Mikhail Vende Pop.

1:09.2

This might be a very realistic scenario for Bitcoin. First test 46,000. I doubt will break through in one go. And he also shares here, relax, stay calm and enjoy the markets. Last day's sentiment slowly start to switch. Long term still bullish, but in order to have a big bullish move, Bitcoin and the price action need to settle and accumulate. That's this period.

1:28.7

And as Rett Capital shares here, though Bitcoin didn't reject from it in a picture perfect manner,

1:33.0

the blue 50-week exponential moving average could be reason to figure as resistance at this time.

...

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