Crypto Briefing 4/2/22 - The Forecast

Crypto Briefing 4/2/22

Crypto Briefing 4/2/22

Over the past few days, as Bitcoin tagged $47,000, we have seen some explosive price action in the altcoin market. In our past two briefings, we highlighted that micro-cap altcoins were starting to see strong price action. This has now translated to the top 100 cryptocurrencies, including some of our favorite altcoins. So long as Bitcoin stays supported or continues on its bullish trajectory, we should see even more altcoins begin their parabolic moves.

Zilliqa (ZIL), a top 100 altcoin, just rallied 300% in one week. Cryptos such as CSPR and ALBT have begun to move after months of suppression, enjoying a 20%+ spike. Casper is mirroring the setup seen in the Zilliqa price chart. After making a spike low to $0.05, Casper rebounded to $.08 and is now starting a run similar to Zilliqa. It is important to have an exit strategy in mind as altcoin runs are akin to a game of musical chairs. Following altcoin bullruns, investors have witnessed dramatic declines in the crypto market from 70% to 80%. By taking profits on a portion of your position, you can lock in gains and potentially invest at lower entries.