An interesting month ahead of us
Currently trading in a narrow range, very soon we will be breaking out from the range, however, the risk is relatively high to break towards the downside. BTC is offering great support at 8900 and 9000 psychological levels respectively. We do believe that there is not much appetite to keep BTC at higher levels near $10,000 for now, we must either get a confirmation at $8500 or $9700 to break for either strong direction.
Altcoins are slightly looking down this week with still some appetite for ETH, ADA, XTZ, ZEC.
As mentioned those Altcoins have still some more potential towards the upside, it seems unlikely that the peak has been reached yet. However, we still lean neutral to bearish on most of the Altcoins while that there are some projects that are worth monitoring down the road. But with a very big caution and not fully in play as part portfolios only, as the interaction between Defi and passive income has taken some air out of it. For the long term we hold different views as we are updating customers with our strategies which Altcoins to hold for short or medium term.