-- Technical --
Period of consolidation is over and expect a breakout of a bullish ascending triangle .
Start of a new 60 days cycle, we could see stretched target hit of USD120k in the next two months.
We also anticipate a sharp correction around the BTC=$100-120k mark.
Finally, we are seeing very strong positive price action in the Alt coins market (see linked chart idea below).
Once the Alt coins top out, investors cycle back into BTC positions; adding more upwards pressure on BTC price.
- Fundamentals --
Possible to see the first ETFs to being approved in the coming weeks - probably after Coinbase IPO . We will see a flood of new institutional money entering the space. - very bullish
Greyscale is looking to covert to ETF approx. $40bn BTC . ETFs are highly regulated and list on prime exchanges like NYSE or NASDAQ. We could see hundreds of billions of new dollars follow into crypto in a period of weeks and months - extreme bullishness
Coinbase IPO launch on the 14-April, new/conservative investors will see huge profit margins being made in the industry that was previously considered taboo - very bullish
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
IMPORTANT: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
Period of consolidation is over and expect a breakout of a bullish ascending triangle .
Start of a new 60 days cycle, we could see stretched target hit of USD120k in the next two months.
We also anticipate a sharp correction around the BTC=$100-120k mark.
Finally, we are seeing very strong positive price action in the Alt coins market (see linked chart idea below).
Once the Alt coins top out, investors cycle back into BTC positions; adding more upwards pressure on BTC price.
- Fundamentals --
Possible to see the first ETFs to being approved in the coming weeks - probably after Coinbase IPO . We will see a flood of new institutional money entering the space. - very bullish
Greyscale is looking to covert to ETF approx. $40bn BTC . ETFs are highly regulated and list on prime exchanges like NYSE or NASDAQ. We could see hundreds of billions of new dollars follow into crypto in a period of weeks and months - extreme bullishness
Coinbase IPO launch on the 14-April, new/conservative investors will see huge profit margins being made in the industry that was previously considered taboo - very bullish
Happy Bull Market come Alts season.
In addition - if you enjoyed the analysis and would like more : Please hit "like" and "follow".
IMPORTANT: What do you think, have I missed something or is there a particular indicator you like? Let me know in the comments.
Comment:
The Bull Run continues for another 60 days cycle.
