YCC Crypto Alpha #14
Our latest community alpha & portfolio updates.
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These posts are your gateway to the latest market alpha, top coins to watch and our community updates. It also keeps our busy Patrons happy and informed.
This issue covers:
Latest market outlook
Altcoins that will break records
YCC portfolio updates
Market tip of the week
Market Outlook
TLDR: Bitcoin is going to $100,000 and beyond. It’s not an if, but when. Demand for Bitcoin exceeded expectations in this cycle and the price is already above 50k. Another 30% pump and it arrives at ATH.
What surprises me about this rally is how fast it has developed. The ETFs were initially seen as a buy the rumor, sell the news event. But that selling turned out to be just a blip on the chart before the price expanded upwards. Have a look below.
Those that sold around 40k, expecting lower levels, now have to pay a 25% premium to get back in. An expensive lesson. Moreover, Bitcoin appears to be accelerating as the ETFs buy over 10,000 BTC per day. I made a full post about that and it’s incredibly bullish.
This is why I chose to show you a chart on the two-weeks timeframe. You need to zoom out to understand what is happening. Look at the candles. Since September 2023, Bitcoin closed 11 out of 12 candles with a higher price and the last two are expanding at a faster pace. That’s why we’re accelerating.
Bitcoin consolidated for over two months around 40k before its breakout higher. Due to that, it’s unlikely this rally will end any time soon and may very well take Bitcoin to its all-time high (ATH) at 69k next. There is no other important level left on the chart.
This price action seems to indicate big investors are doing their best to accumulate as much Bitcoin as they can before the halving in April. After that, the real rally starts. Crazy to even think we’re just starting. But it’s true and the same applies for altcoins. Let’s look at them next.
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Altcoins that will break records
The total altcoin market cap just did a new high as pictured below. That’s a clear bullish signal and shows that the altcoin race is on. It’s not just Bitcoin that is making waves, altcoins are exploding and Ethereum also made a new yearly high this week! There’s no denying it anymore. Key alts are about to break records!
If you check my altcoins in Alpha Post #13 you will see that three coins from that list made a new yearly high this week and pumped in double digits since that post. I expect this trend to continue with more altcoins.
To spot gems, you need to be in the right group. That’s why I invite you to become a lifetime Patron Pro in our community where pro members share their alpha like this post on AIOZ which pumped 30% this week.
Below is my list of altcoins that can break their current record. What I mean by that is they have a good chance to exceed their all-time high in this cycle. I also mention altcoins that may fail to do that and why.