The last few weeks have been particularly quiet in the cryptocurrency market. Bitcoin (BTC) is hovering around $29,000 and the prices of many altcoins are slowly slipping away. But be careful: in this kind of boring markets it is very easy to lose patience and lose sight of the overview.
That’s why in this video I take a tour of the markets and share my insights on the current state of cryptocurrencies. I will of course also be discussing a number of charts and discuss important support and resistance levels that are of particular interest. I also discuss why more short-term downsides are technically possible, but also why the case bull strengthen in the long run.
Although the market seems boring, these are actually exciting times. That’s why it’s so important that we don’t lose our patience and overview here. An economic recession is looming which could also be dangerous for the cryptocurrency market. In any case, a return of volatility is expected and I am certainly gearing up for both scenarios. In this video I explain how I do it. So don’t miss it!
Bitcoin, NFTs and stocks
David has been active with cryptocurrencies since 2013. He joined the Crypto Insiders team in 2018, sharing price updates and macros on a weekly basis. In 2021, in addition to his work as a shareholder at Catena Investments, he started a YouTube channel to share his knowledge and insights on investing in cryptocurrencies, stocks, NFTs and other assets. Want to know more about his vision and insights? Then follow him on his own Youtube channel!