The market needs a boost, that much is for sure. Luckily, the Bitcoin 2021 conference in Miami is just around the corner. Would that be enough to wake up the sleeping giant? It might. It might now. Nevertheless, for sure it’ll raise morale and give to the community and experience to rally around. And that’s what’s going to take us to the next level.
In any case, Vailshire Capital’s Jeff Ross gives us the technical analysis of the historical moment we’re facing.
#Bitcoin technical update: Decision day is coming soon. Break-out to either the upside or downside on higher volume expected.
Macro: Bullish
News: Neutral
On-chain analytics: BullishOpinion: Will @TheBitcoinConf provide a momentum-changing catalyst? Is this a mid-2013 repeat? pic.twitter.com/E065dqEAgY
— Dr. Jeff Ross (@VailshireCap) June 2, 2021
As for predictions, Ross is “Still noncommittal.” The situation remains as Bitcoinist told you recently:
We’re in the midst of it. In retrospect, everything will make sense, but right now no human being has the necessary perspective to see the whole picture.
Related Reading | Binance Burns Record $600 Million BNB In Its 15th Quarter
New addition to the Bitcoin Miami lineup
Even though the event is mostly sold out, the organizers dropped a huge bomb yesterday. Bitcoin Magazine and company announced an interview with the one and only Ross Ulbricht, live from jail. The Dread Pirate Roberts himself, the creator and main mind behind the legendary Silk Road marketplace in the darknet. Hate it or love it, an essential part of Bitcoin’s history.
In a shocking verdict that’s still being contested, Ulbricht was sentenced to double life imprisonment plus forty years. Wow. It’ll definitively be interesting to hear what this man has to say.
For the first time ever, THE original #Bitcoin OG, Bitcoin pioneer, and political prisoner, @RealRossU, sits down with @BitcoinMagazine for a recorded interview. Do not miss history in the making!#FreeRoss pic.twitter.com/K01wNFyFhJ
— The Bitcoin Conference (@TheBitcoinConf) June 1, 2021
What else can we spect from Bitcoin 2021?
The most important thing is that there’ll be a YouTube Livestream. This is the first day link, and this’s the second one. Apart from that, Bitcoinists already gave you two special reports with confirmed news, rumors, and the speakers line up. Here’s the first report, and here’s the second one. If you don’t feel like clicking, we can assure you two things.
It’ll be a lightning-enabled madhouse:
Apparently, there’ll be sumo wrestlers and UFC world champions walking around, holding their belts. Tony Hawk will speak and do his thing on a halfpipe, plus they’re selling an exclusive Bitcoin-themed skateboard only to people that attend Hawk’s meet and greet. There’ll be a basketball tournament, a Bitcoin art gallery, and an eSports arena with Lighting based arcade games and more than 1 BTC in prizes. In fact, “Everything is Lighting enabled at the conference,” said Bailey.
Related Reading | Binance Burns Record $600 Million BNB In Its 15th Quarter
Ron Paul is speaking:
The conference added Floyd Mayweather as a speaker and the community laughed and complained. Maybe they had a right to. But when “Bitcoin 2021” announced Former Congressman and ex-presidential candidate Ron Paul, the reaction was a roar of approval. The title of his talk is still unknown, but the tweet promises, “an important message that we need monetary freedom!”
BTC price chart on OKEx | Source: BTC/USDT on TradingView.com
In a few days, we’ll know if the pump is enough to move the dial
One of the organizers, Joe Rodgers, is already on site. Apart from reporting that Joe Budden’s “Pump it Up” is on repeat, he’s got this to say:
YOU SHOULD SEE THIS FUCKING CONFERENCE!
THE WHOLE @TheBitcoinConf TEAM ARE ROCKSTARS!
WE ARE NOT WORTHY!
THIS IS GOOD FOR BITCOIN!
— Joe Rodgers (@_joerodgers) June 2, 2021
And to that, we can only say:
Bring the Miami pump! pic.twitter.com/iVVg8aveAN
— Vijay Boyapati 🦢 (@real_vijay) June 2, 2021
Let the games begin!
Featured Image by Tuan Nguyen on Unsplash - Charts by TradingView
