So far, Bitcoin has steadily held on to the 50 DMA level as support when looking at the 3 day timeframe... This level of support was established back in March 2023 when SVB went under (Remember that? Feels like so long ago I know)
Given that most negative catalysts have essentially dissipated with fears of the debt ceiling gone & Powell likely to take a chill pill at the next FOMC meetings over the summer. This zone could serve as a tremendous buying opportunity for Bitcoin & potentially your favorite altcoins.
As Bitcoin leads, Altcoins follow... simple
We are also coming due for a golden cross on the 3 Day Stochastic RSI (Happens every 110 days), and given that SPY & QQQ have rallied tremendously thus far, it may be time for Cryptocurrency to rise from the dead in the coming weeks
I think this is the perfect buying opportunity, have some exposure/increase your exposure to Crypto & your favorite altcoins in the next few months & I think you could see some nice returns
But as always, manage your risk accordingly...
Given that most negative catalysts have essentially dissipated with fears of the debt ceiling gone & Powell likely to take a chill pill at the next FOMC meetings over the summer. This zone could serve as a tremendous buying opportunity for Bitcoin & potentially your favorite altcoins.
As Bitcoin leads, Altcoins follow... simple
We are also coming due for a golden cross on the 3 Day Stochastic RSI (Happens every 110 days), and given that SPY & QQQ have rallied tremendously thus far, it may be time for Cryptocurrency to rise from the dead in the coming weeks
I think this is the perfect buying opportunity, have some exposure/increase your exposure to Crypto & your favorite altcoins in the next few months & I think you could see some nice returns
But as always, manage your risk accordingly...