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- The Summit Post #44
Hello Summit Family!
I know, it’s been a while - I’m cooking my course and this takes all my time right now. I’m in the final stage.
Just a quick update for you guys - bull market isn’t over!
Welcome to edition #44 of The Summit Post, my free newsletter focusing on crypto market updates and investments.
Today we’ll have a look at:
Bitcoin (BTC)
Altcoins
Let’s dive into it!
Marco Johanning
Disclaimer: The information provided in this newsletter is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or any form of endorsement.
Always conduct your own research and consider consulting with a qualified financial advisor before making any investment decisions.
The author and publisher of this newsletter is not liable for any actions taken based on the information presented.
Bitcoin
The first sentence about Bitcoin must be this:
Five days ago, we saw the highest monthly close in the history of Bitcoin - surpassing the '21 high at 69k.
This is first and foremost bullish on the higher time frame.
However, despite this, the price of Bitcoin initially declined, and it is likely that Bitcoin will trade sideways for a while - surprises not excluded!
Flip pattern and way open for new ATH.
Lose blue pattern / 60k and go to 52k.
Altcoins
Bitcoin is still outperforming the big altcoins like Ethereum.
Once they catch up and this 2 years trend bottoms, altcoins will explode.
Maybe we get a last shakeout to the straight line, maybe not. Either way: I’m positioned 100% in altcoins and waiting for this chart to explode.
This is the longterm view. What happens on the short term, I will update you on Twitter as often as I can.
But as said - final stage of my course!
Thank you for reading and have a great day!
Marco
P.S.
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