Crypto Briefing 1/29/24 – The Forecast

Crypto Briefing 1/29/24

Crypto Briefing 1/29/24

Bitcoin continues to expand its trading range. We feel we are at a pivotal point in the market right now. While we expect a correction in BTC, we cannot discount the possibility that Bitcoin surges to new all-time highs within the year. Ultimately dips should be utilized as opportunities to add to positions.

Ethereum is beginning to enter the lower half of its bullish channel. $2,200 is a terrific place to start or add to an ETH position. At this moment in time, we continue to favor ETH over BTC in terms of returns as it is still 50% from its previous all-time high.

An altcoin that has the potential to drastically perform BTC and ETH throughout 2024 and 2025 is Fantom. FTM is a Layer One that performed well throughout the crypto bull market of 2021. While most altcoins in the top 100 have risen close to their previous highs, Fantom remains cheap by comparison. As with all altcoins, it is important to manage risk correctly and not overexpose yourself by investing money you cannot afford to lose.