This difficult period for equities and crypto is finally coming to an end. Volatility has continued in the stock market as companies such as Netflix, Facebook, and Amazon have all taken major hits to their share price. With a bottom in the stock market likely occurring this week, blue chip companies are on sale at excellent entry points alongside Bitcoin and the altcoins, presently correlated with the Nasdaq.
Bitcoin should see a reversal along with stocks and we expect to see the entire altcoin market have a decisive rally out of this bottom. While the dollar has been strong when compared to the stock market, we expect the DXY to take a back seat in the short term as stocks, crypto, and commodities resume rallying. We expect to see some price relief for Bitcoin from mid-May into early June.