🎯 Bitcoin targets bullseye

🎯 Bitcoin targets bullseye

Today’s agenda points ⤵️

❓Navigating the storm

The bull run has only just started and already we have seen some big volatility which is causing a scare for many investors.

And while this is stirring emotions, it is completely expected.

Which to many, this may be difficult to understand, especially if it's their first bull run, but big climb and dips are going to be a frequent occurrence.

Spoiler alert: This is good news.

Why? Because it shows that interest is here AND it also gives many investors more than one opportunity to prepare and invest before the ticking time bomb goes off (The big bull awakening).

So... if you're feeling like you missed out and now you're feeling FOMO and want to buy in higher, just be patient as we know the market can't just go up. At some point it has to come back down, which presents new opportunities for investors.

Emotions run the game for the markets and sadly many miss out as a result, so making sure you have a plan and trying not to buy based on impulse is vital.

And a reminder, if you thought this was going to be easy, think again..

So buckle up frens, as the emotional rollercoaster is only just starting and the destination is GREEN CANDLE CITY!

📊 Market deep dive analysis

The bull run has truly started and we are seeing bigger moves starting to accumulate on both Bitcoin and altcoins.

However, could we be set for a different path compared to history?

Well... we are about to have a slightly deeper dive than usual and see what is happening with the markets and where we could potentially be heading over the next few months.

First, let's take a look at Bitcoin as it is the royalty of the markets and whatever happens with that... tends to be the indicator for everything else.

From the chart above, which shows Bitcoin on the 1D scale, we are seeing a clear upwards trend, with the obvious corrections in between.

But remember, corrections are healthy and needed when pushing for new highs, so these are good signs for a strong markets as long as they are not super deep and completely ruin momentum.

And from what we can see, support seems to have set around the $62k area, which aligns with the recent market pullbacks, with that tending to be the lowest average closing area on drops.

What is next for Bitcoin?

It seems that the bullish momentum is still continuing, with us pushing above the $70k mark again recently, which could now be setting us up for a push towards new highs with the $80k mark the next big area.

But are we likely to see this soon? It is entirely possible, and we could potentially see a new all-time high before the Bitcoin halving.

Although if that happens, the halving event could actually be a pull back signal, and we may potentially see a correction once it occurs.

Either way, the chart shows a clear uptrend with higher highs and higher lows over the past several weeks. This is a bullish signal and is one of the reasons we are likely to push to new highs in the near future, whether that be before or after the halving event.

How should altcoins perform?

In comparison to Bitcoin, altcoins have actually been performing well and many narratives have been catching the eye, such as gaming, AI and RWA.

Let's take a look at the 1D chart for altcoins 👇

This is the OTHERS chart, which shows the total market cap of altcoins excluding the top 10.

As you can see, when we compare this to the BTC chart above, they are somewhat identical, which considering the BTC Dominance is around 53.8%, altcoins are performing fairly well.

Also with the halving coming up, BTC has been the centre of attention for the markets and the main mover.

For altcoins, this is still bullish but we also haven't started alt season either yet, which means there is much more to come, although this will likely occur closer to the BTC top in which the flow should rotate into altcoins.

The time frame for this is completely unknown though as predicting the market top is almost impossible. But if we follow previous trends for bull runs, there is a higher chance that we see an alt season begin towards the end of 2024 moving into 2025.

As for now though, the short term is still looking strong for altcoins and with constant narratives floating around, the bullish momentum could even outperform more than usual.

The chance to continue accumulating is still high as the true movement on altcoins is still to come, so stick to your plan and try not to FOMO into the markets as the volatility is high and we are seeing big movements in both directions.

For now though, let's enjoy this move up and see what happens next.

🎯 Bitcoin targets bullseye

We've seen a big rebound from Bitcoin this week, which could push us towards the eventual $80k mark.

But will we see some more bumps in the road before we get there?

If we do, would it be surprising? So far, we have seen incredible volatility with Bitcoin hitting multiple all-time highs this year already with some sharp corrections included in those moves.

There is one thing to keep an eye on though... and that is the Bitcoin halving which is set to occur in less than 30 days.

The question is, will the halving send us even higher as a euphoric event or are we in for a post halving dump?

Many different scenarios could pan out from here but one thing is for sure... the markets are slowly gaining more interest and price keeps attempting to push up.

Which gives many investors opportunities to play a part in which could be one of the biggest bull runs ever.

Obviously there are no guarantees for the price that Bitcoin and the market could reach, but if we go from historical events from the past, we could see a very positive end of 2024 and 2025.

For now, make sure you have a plan and let's wait for the rocket to truly take off!

👀 What’s next in Crypto?

Since the ETF approvals in January, we have seen a MASSIVE influx of interest entering the markets.

And as a result, we have seen a new all-time high for Bitcoin... but we are also seeing more interest in another area from the TradFi industry.

This time it is Real World Assets (RWA).

We have previously spoken about the impact RWAs will have on the crypto world but also the real world, as it is a means of making processes easier and adding extra value too, such as real estate.

Over the past week, the interest in RWAs has been shooting up, and it seems that companies such as Blackrock are the ones who are most eager to get their hands on some of these projects.

Which if the ETFs are anything to judge by... we could be about to see a bigger wave of money flowing through these projects.

Here are a few to add to the bull run watch list 👀

🔮 Flooz Top Picks

Here are our three crypto picks of the week 👇

The first on our list is 🚀

Nakamoto games is the fastest growing gaming ecosystem on the Polygon blockchain and is continuously working to provide more opportunities for their community.

In fact, $NAKA is one of the biggest gaming ecosystems in the entire blockchain and currently has a market cap of $180M after a 55% surge in the last 30D.

For our next pick, we have 🚀

Vector harnesses cutting-edge capabilities of EigenLayer, delivering unmatched on-chain yield via the first Superfluid Staked LPD: vETH. This is DeFi's First Liquidity Position Derivative (LPD).

With just a $35M market cap and a rise of nearly 50% in the last 24H, $VEC could be one to watch leading further into the bull run.

The last pick of the week is 🚀

Sidus Heroes is a Web3 gaming ecosystem that has a unique economic model and is has a fantastic team of game developers and blockchain experts with over 20 years experience.

This is a project that has been attracting big attention and is growing in size at rapid rates, with just a $110M market cap after seeing a 110% climb in the last 7D.