YCC Crypto Alpha #48
Our latest community alpha & portfolio updates.
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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
Three altcoins to watch this week!
YCC portfolio updates
Market tip of the week
Latest market outlook
TLDR: Bitcoin is consolidating after its recent rally from 70k. The price remains under 100k, but found good support just above 91k. As long as this key support holds, the outlook remains bullish.
The good news is that Bitcoin seems to be taking a pause before its next leg up above 100k. The other news is that its bullish momentum is not as strong as initially anticipated.
As you can see on the chart, the price failed to keep the same bullish momentum like in the pink projection from the 2020-2021 rally. This means Bitcoin will likely top somewhere between 100k to 200k based on this.
I will remove the pink projection in my next update since it is no longer accurate and was invalidated by the current price action. Nevertheless, I believe Bitcoin will resume its rally and break above 100k later on, probably in early 2025.
We do not know where Bitcoin will top, but 2025 is the year it will happen. Try to prepare for that and book profits during the next rally. Right now, watch the key support at 91k. That has to hold to remain bullish short to medium term.
This recent pullback was quite aggressive on the altcoin front, hence I have three key alpha tips for you on that next. Scroll down.
Three alpha tips for the current market!
some macro/trump/QE / macro charts
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