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Swissblock Insights
Settle In for the Coming Move
Compass

Settle In for the Coming Move

Crypto Compass 46

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Swissblock Insights
Aug 14, 2023
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Swissblock Insights
Swissblock Insights
Settle In for the Coming Move
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Patience is bitter, but its fruit is sweet. —Jean-Jacques Rousseau

  • Settle in for a choppy week ahead. There are no signs of demand or intensifying selling pressure, therefore a break of the $28.8 - $30k range seems unlikely. Caution is advised, liquidity is low and the risk of a pronounced swing is high. Anything can trigger the next move.

  • From an altcoin perspective, we continue to see the swings from alt to BTC strength (Altcoin Cycle Signal). We won’t see an extended move in alts until BTC breaks over $30k, ETH is over $1950, and large caps begin to outperform. All eyes are on BTC.

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