Crypto Briefing 7/12/22 - The Forecast

Crypto Briefing 7/12/22

Crypto Briefing 7/12/22

We have a major turning point in stocks and crypto occurring on the 15th with the potential to mark the next move down for Bitcoin. If BTC is able to hold its support at $18,000 over the next week, then we should not see new lows.

We believe that August into September will be an excellent time to accumulate more altcoins.  Whether you are a swing trader or a long term investor, you will have the opportunity to position yourself for the inevitable 2024 – 2025 cryptocurrency bull run, as well as capitalize on the rally coming during the second half of this year.  During the 2018 to 2020 bear market in crypto, the totality of the market did not decline, and there was even an opportunity to enter winning positions. For instance, Chainlink (LINK) bottomed in 2018 at $0.20. However by the end of 2020, LINK was at a new record all time high of $16.44.
Of all of the declining altcoins in the market right now, Quant is one that is showing tremendous strength. After reaching a low of $43, in a matter of weeks investors saw the price rebound all the way up to $90. When considering QNT’s finite supply of tokens, overall utility, and price potential, we believe that Quant could be a winning crypto play even in a bear market.