Crypto Briefing 6/14/22 - The Forecast

Crypto Briefing 6/14/22

Crypto Briefing 6/14/22

The crypto market has experienced an undercut low, but we feel the market has finally input a short term bottom. Throughout prior briefings, we have talked about a rally occurring into mid-July, and this scenario should now play out. We expect coins like XRP to attempt a break through of $.50, and BTC to reach between $32,000 to $37,000.  Following this mid-July target, we have a danger period for all markets and it is possible we could see lower prices for crypto and Bitcoin. The technicals of XRP, HBAR, and BTC are extremely damaged and the chart is telling us that additional pain is coming. If XRP fails to see a sustained breakthrough of $0.50, we have a targeted low at $0.16.  This move downwards from mid-July into early August will be extremely painful, but once complete, there should be an opportunity to take profits from our positions. The stock market and crypto will see a decisive rally prior to the midterms and into year-end before placing a multi-year high. Whether or not this is the altcoin rally we have been waiting for remains to be seen, but with major catalyst events in crypto, it is a tangible possibility.

The level of volatility that we are seeing in the crypto market proves to us that people can still make fortunes in digital assets. Some of the most successful Bitcoin investors were able to hold through 99% corrections and not capitulate. Throughout our model portfolio, we have provided a variety of digital assets that have the technology and longevity to power the new financial system.