The Time to Buy Comes Again
Bitcoin Data Newsletter Premium
Hello Friends!
The past couple of weeks have been mostly involatile for Bitcoin, barring the SEC news event of the suing of Binance and Coinbase. Price is now down from $26,800 to about $25,800.
The big pain was for altcoins, as the SEC targets most major altcoins labeling them as securities. Most afterwards plummeted to cycle lows. Robinhood took preemptive action and announced delisting 3 of the top 15 cryptos by marketcap: Solana, Polygon, and Cardano. The fear now becomes that other exchanges may follow suit, causing further collapse.
I briefly commented on these events, but now that the market has started to react I have developed more thoughts on the matter. Fear has now escalated to unprecedented heights.
This edition, I am going to focus on deep diving into the charts to determine the true state of crypto, with as much information as possible to determine a conclusion.
Is the bull market still here? Is the market heading lower? Are altcoins heading for more pain? All this and more to be explored this newsletter.
Let’s jump in.
This Newsletter Will Cover…
Market Psychology
Deep Dive Market Analysis
What Happens to Altcoins
What You Should Do