I can see that some of you are a little uncertain as to are we still in a bullrun, the price hasn't moved to the upside in quite some time and with that, a little fear has clouded your judgment . Let me firstly tell you that altough history typicaly does not repeat itself, it sure does rhyme. If we follow that logic, from the previous bull cycles to now, we can clearly see phases in every run.
As you can see each phase starts when another ends. With this being said, we can see that right now we are still in Phase 1, it is the time when all the money that goes into crypto rushes to $BTC as it is seen is the safe heaven. With Bitcoin being the biggest project and having the only ETF in the crypto space, it is a no brainer why the money goes there first. Phase 2 however is the time when $ETH goes on a run, increasing its market dominance while Bitcoin and the altcoins take a backseat. That is when trust in the market is really being formed. Phase 3/4 is when altseason officially starts, a period when the hype is at an ATH, trust in the market is strong and the people who made money from Bitcoin and Etherium start taking their profits and putting them in altcoins. PS. In my opinion Phase 2 start with the approval of the Etherium ETF 💯
First off, I'd like to say that I'm officially back. 🎉 After a long pause, I felt as if you didn't need any insight as we were in a bull market. Now I feel everyone needs a guiding hand to help them in this crypto journey, and I'm here for it! 🤝🌟
I have to say that, as of now, the bull market is over, and the big bad bear is in control. I saw this when Bitcoin was at $120,000. At that moment, I sold 80% of all my crypto holdings. 💸👋
Now, no need to worry if you have yet to leave the market. I know it's a bad feeling, but you have suffered the worst. I don't see a fall in the future that would top the one that just passed; however, that does not mean the bottom is in! 📉🚫
What I can tell you for now is that the local bottom might have just formed, and I do think a relief rally is in the making that just might come after a period of accumulation that is going on now. 📈⏳
I will give you market updates regularly from now on, but for now, I will only tell you this: I think a target of around $50,000 for Bitcoin will be the BOTTOM of this bear market. 🎯📉
Buying around the $60,000 mark is an amazing buying point! 🤑🚀
Be patient, be ready; we will get out of this together! 🙏🤝
Bitcoin's next moves are a hot topic these days, so I thought I'd share my view on what is to come. 👀
First, I hope you all profited from the dip and weren't shaken out. 💪
Like I said in my last post, this was pure manipulation before the next leg up, making the price more stable for the long term while market makers profit from the fear. 🫣
Bitcoin is moving in a sideways pattern; zoom out and see the price range from $89,000 to $110,000 that has been forming for weeks. 🌊
Now, what is to come? 🤔
Well, as I see it, the sideways pattern is hard to predict for an exact breakout, but I think we are waiting for some big information to be the catalyst for the next leg up. 📈
The next FED meeting is in March (news about QT ending), so I would guess then, but there could be a catalyst much sooner...we just have to wait and see. 😅
Nevertheless, expect the next Bitcoin leg up to be in the region of $125,000–$135,000. 🚀
In the meantime, be on the lookout for price dips like this one, and be sure to top up on any projects you were thinking of investing in. 🌟
You are all probably asking, "Was this everything? Was this the end of a terrible nightmare?"
Now, I first want to say that the fear in the markets was out of proportion, as market makers took the opportunity, with low liquidity, to push the market price down. 🤔📉
In my opinion, the worst has passed. There may be another leg down, just under the 90,000 Bitcoin level, but still, I believe getting back above 100,000 is much more of a reality. 🔥
This, in turn, is a very positive time for the health of the price, as all the longs have been liquidated, with the shorts to come soon after, making the price more stable for the inevitable next leg up! 📈
In this moment, take the time to buy some of your favorite projects. Use these low prices and be ready for altseason. 🚀
Be on the lookout for the next FED meeting, as I do think that the start of QE is a key part of our story. 🌊
First, I would like to say that I am back after taking some much-needed time for myself. 🙏
Now, with that said, even though my absence was prolonged, everything I have said before still holds true to this day. 🔥
As I have said many times before, we are in an accumulation phase, where the market makers use every chance they get to shake out the market of weak hands in an effort to make the inevitable all-time high as stable as possible. ⚖️
Now you may ask, how long will this phase last? 🤔
Well, to be honest, nobody really knows. It all depends on the market makers and demand. 🎯
In the long term, I do expect Bitcoin to reach a new all-time high, but for the short term, we do need to expect volatility. 🌊
Now, everything is not all doom and gloom, as I have seen bears make a statement of a 40k or even 30k Bitcoin, which I believe is unrealistic. 🚫
A visit to the 50k level is much more likely, but nothing lower than that. 👌
Tomorrow's FED meeting might just give us a clearer picture of what is to come, with the market expecting a rate cut. 🚀
By my estimation, anything less than a 0.5 rate cut is unlikely, with 0.5 being my estimate of what is to come. 💯
Keep your eyes peeled for tomorrow. I strongly suggest against trading tomorrow as it will be a very volatile market. 👀
Keep calm, the golden bull is coming! 💰
Thank you for reading. 🌟
I will once again be regularly updating you on the market, so be sure to like and follow for more! 👍
While making a list of this type, I find it difficult not to put Bitcoin in it, as a safe haven for most crypto, retail, and institutional investors. I see it as a no-brainer of an investment.
While it probably has the least upside, I do believe it is the must-have in every portfolio. 💯
2. Ethereum
- The silver to Bitcoin's gold. 🥈
Ethereum, the leader among the rest, with the looming ETF approval, is destined to follow Bitcoin's price movement after its spot ETF approval.
It also just might be the spark the altcoins need to begin their own upward movement.
3. zkSync $ZK
- The leader in zero-knowledge technology. 🌊
The newest trending category in the crypto space, a Layer 2 scaling solution designed to make transactions on Ethereum faster and cheaper.
As I am a big believer in Ethereum during this bull run, I have no doubt that projects built around Ethereum will experience significant upward movements in their prices.
4. Fetch $FET
- The AI powerhouse. 🤖
Also known as the Artificial Superintelligence Alliance, it is the new leader in the crypto AI space.
With the merger of Fetch, Ocean, and Agix, each project helping the others' deficiencies, they have formed a project with no competition.
As it is no doubt the leader in the space, in the leading category of this bull run, I have no doubt about their future.
5. Aevo $AEVO
- My dark horse. 👀
Now I know this project has a lot of hate, and rightfully so, but I still see a window of opportunity, a window of profit.
I can't help but compare it to Solana just after the FTX collapse.
While investing in this project comes with a lot of risk, the upside is also very big.
Since I always want something risky in my portfolio, I always allocate 5% to these plays, which may pay out a lot more.
...
* Always do your own research, this is just my list of top projects researched and believe in.
As I have said in previous posts, Bitcoin is likely going to fall to around the $61,000–$60,000 level by the end of the month. ⏳️😱
We were due for another red month this year, so June takes the cake on that one. 🚨😤
Now, this is where the bad news ends for me. The market is in very oversold territory, leading me to believe that a relief rally is going to take place. 📈💯
Another factor to consider is July, when speculation is growing louder about the potential approval of the Ethereum ETF. 💸
Coins today have dipped again, giving us a pretty good entry point that I have been stressing the importance of. 🎯🌊
July might just be the beginning of a mini altcoin season, as all of them have been oversold for a long time. 🚀💫
Keep an eye out for projects with a lot of traction that are linked to Ethereum. 👀🧙♂️
Some Layer 1, Layer 2 projects, even projects like $ZK , $SAND and MANA. 🔥🤞
Yesterday, the market experienced a significant downtrend, with altcoins dropping more than 10% in value.
Bitcoin, revisiting the $65,000 support level, tested the support yet again.
Now we can see the market recovering nicely, but now is not the time to get ahead of ourselves, the bearish short term price movement might not be over just yet.
So why do I say that?
Bitcoin has yet to show us any bullish movement, breaking the $67,500 level might be a sign of a reversal.
Until then, I do see a possibility of us visiting the $60,000 mark, signaling a bearish continuation, with altcoins taking a bigger substantial hit to their price.
But I do think that that would be the bottom for the short term.
After that, I do see the bulls taking over, and with that, Bitcoin starts its rally to the upside and even new all-time highs.
The point of this post is so that you all don't blindly enter the market thinking that another crash is unlikely.
Use these crashes as entry points, as even now I believe they are good prices for the long term!
P.S. In the ultimate bearish case, which I believe is highly unlikely but still a possibility, Bitcoin may visit the $57,000 mark.
Bitcoin and the crypto space are dumping; fear is slowly setting in. Many people are starting to think something is wrong. 😱😓
I know these times can be challenging, but this has all happened before. 💪😤
The crypto space is reacting as it naturally should, just like the 2020 bull run. 🐂🎯
The thing that clouds most people's vision is Bitcoin's early parabolic run to a new all-time high, something we haven't seen before. 👀💸
Of course, we haven’t seen anything like that before, but as we all know, the main part of that price movement is the Bitcoin ETF. 💯🔥
If it weren't for the ETF, I do believe we would still be trading at around $35,000, and we would still be waiting for the bull run to start post-Bitcoin halving. 🐢
The ETFs have led people to believe that the bull run started early when, in fact, the bull run has yet to officially begin. ⛔️🚨
Ethereum and altcoins have historically had massive selloffs just after the Bitcoin halving, and massive volatility for months after. ⏳️
Do not let the ETFs cloud your judgment; we are still on course for the super bull. 🚀📈
Yesterday, a gentleman in the comments asked me a wonderful question, so this post goes out to him. 😊
DCA or dollar-cost averaging is a wonderful tool, especially when Bitcoin and the rest of the crypto market are in this downtrend. 💰📈
So, what is DCA? 🤔
Well, by definition, dollar-cost averaging is the practice of investing a fixed dollar amount on a regular basis, regardless of the share price. 💰📈
With this investment type, you take possibility out of the question. 💸
With this technique, you emphasize time in the market rather than timing the market. ⏳️🕝
When you start, you need to see what budget makes sense, and from then on periodically put a fixed amount of money from the budget into the investment you want. 🧙♂️🚀
You can take this even a step further; you can do this by deciding to put money in the market every time the price of the investment goes down by more than 10%. 🚨🔥
This technique is amazing, even if you are a well-seasoned investor or trader! 📈💰
Take advantage of it, use it, and see the profit you will make from it. 💯
As I mentioned in a previous post, yesterday was a day that would determine the direction the price was going to take. 👀
The first news we received yesterday was the inflation rate, which came in lower than expected, giving us bullish momentum to push the price up. 🚀
But as I said, we should wait for all of the news to unfold by the end of the day. ⌛️
With that, the further news we received was underwhelming and pushed the price down, signaling a bearish price movement in the short term. 📉
Now we enter a more stable environment, but it is still volatile. 🎢
As I see this price movement, we might retest some lower prices as time goes by, giving us a good opportunity to buy some projects at a discount. 🛒
The one thing that really makes me uncertain about all of this is that there are a lot of liquidations at the all-time high level, so keep an eye out for that. 👀
All in all, the super bull is loading, be ready! 💪