There Is A MASSIVE Crypto Bull Run Coming Before April!
Crypto Banter
Crypto Market Analysis
The guest, Henrik, believes that the crypto bull market is far from over and expects a massive uplift soon. He thinks the current sentiment is at an all-time low, with people capitulating, but this is a sign of a potential market turnaround.
Technical Analysis
Henrik looks at various indicators, including the S&P 500 and Bitcoin charts, and sees signs of a potential bull run. He mentions:
- The S&P 500 has pushed above the 50-day moving average, a technical strength.
- Bitcoin is in a wave 3 phase and expects a wave 4 and 5 to follow.
- He sees a potential target of $123,250 to $140,000 for Bitcoin.
Time Frame
Henrik expects the top of the cycle to be in May, with a potential decline in June, July, and August. He thinks the old season will start after the Bitcoin top, potentially in late April or early May.
Fundamental Roadmap
Henrik discusses the fundamental factors that could lead to a decline in the dollar and an increase in crypto prices. He mentions:
- The potential for quantitative easing.
- A decline in interest rates.
- A weakening economy, with low housing market activity and high credit card delinquencies.
Altcoin Season
Henrik expects an altcoin season to start after the Bitcoin top, with Solana and other altcoins potentially leading the charge. He sees a target of $700 for Solana.
Investment Strategy
Henrik advises being overweight altcoins, but to be cautious and prepared for a potential decline in May or June. He recommends holding Bitcoin and altcoins until then and reassessing the market at that time.