YCC Crypto Alpha #38
Our latest community alpha & portfolio updates.
No time to scroll on X or Discord? I got you covered!
These posts are your gateway to our latest market alpha, top coins to watch, and community updates. They also keep our busy Patrons happy and informed.
This issue covers:
Latest market outlook
Two opportunities you can’t miss!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: In less than a week Bitcoin returned to 60k. In the process, it broke the resistance at 58k which is now a support. This is a promising sign that the market may reverse here to turn bullish.
With Gold breaking into a new record, Bitcoin seems to follow and try to catch-up. This rally to 60k gives hope that the bottom is in and the market can make new highs. The price made a higher low, now we need a higher high to turn bullish. That means a price above 64k.
The current support is at 58k which used to act as a resistance. As long as this level holds the price above it, there are good reasons to lean bullish in the next few weeks. A break above 64k will likely lead to a strong rally too.
If that happens, optimism will return to the market. Note that the US Fed interest decision is on September 18th. Cutting rates should be bullish, but expect volatility to pick up on that day. Interesting times ahead.
With that said, I have two exciting opportunities in crypto to share with you.
Two opportunities you can’t miss!
From time to time, crypto offers new opportunities to invest and speculate on a good project. Luckily for you, this week I’ve got two great opportunities which should definitely be on your watchlist!
The first is related to a new exciting token that’s about to launch and the other is related to GameFi. Let’s explore them next.
To continue, upgrade to Patrons below or reach out to make a crypto donation.