Crypto Briefing 3/29/22 - The Forecast

Crypto Briefing 3/29/22

Crypto Briefing 3/29/22

As per our forecast, a sustained break over $45,000 triggered a spike up to $48,000. However, the current Bitcoin price chart is beginning to get overbought. Over the next few days, we expect to see temporary consolidation before Bitcoin begins its climb to $52,000. Over the next month, Bitcoin has the potential to reach $58,000 if the stock market continues to remain propped up.

Casper (CSPR) is one of our favorite altcoins with the highest ROI potential in our longterm model portfolio, presently trading at $0.07 with an all-time high of $4 when the coin was initially launched. The CSPR price chart is forming a cup and handle pattern, and there is potential for a decisive rally over the next few weeks. Our conservative price target for Casper is $0.70, while our more speculative targets are $3 to $4.

Another project that remains extremely undervalued is AllianceBlock (ALBT). ALBT is a highly ambitious project that is seeking to create a globally compliant decentralized capital market, enabling financial institutions from across the world to engage in decentralized finance in a way that complies with regulations.  AllianceBlock is partnered with the London Stock Exchange, Hedera Hashgraph, Quant, and Chainlink – all major players in the space. ALBT is trading at $0.24 with the price reaching $1.40 at its peak. With these strong fundamentals, AllianceBlock is poised to become a major player in the world of decentralized finance.