This week, we’re observing a critical timing aspect for Bitcoin and the broader crypto market. With elections and a Federal Reserve meeting on the horizon, we’re on the lookout for signs of two and three week closes to end the week.
Currently, Bitcoin is fighting resistance near the $72-$73k range, but its recent breakout points to a market that resembles previous cycles like 2016 and 2012, where year-end was relatively flat before stronger expansion in the following year.
On the altcoin side, it's a mixed bag, with some coins showing resilience while others are struggling.
Ethereum and the broader alt market remain in a wait-and-see phase, but the key takeaway here is patience: we’re not expecting more than three weeks of downward trends in this part of the cycle.
Despite these challenges, certain coins are showing strong accumulation patterns and steady movement above breakout zones, which suggests potential for a surge later in the year, particularly as we look toward late November and early December.
Finally, we’re covering our portfolios and exploring promising patterns including our most recent pick that soared over 170% this week.
These particular setups, have the potential for massive returns, as we’ve seen with our other winners that have done up to 70x. As always, we’re looking for entries that capitalize on patterns, holding positions in spot, and being prepared for the inherent volatility in these markets.
