Our focus is on bitcoin, for the time being. The mid-term outlook remains bullish, but the price is reluctant to test the $30k resistance level. Momentum fades the longer we hover at current levels.
This week's key focus is the sentiment: how the market reacts to the OPEC cutting supply news and potential inflationary pressures. And how we navigate through the Fed’s blackout period in April - no guidance until early May.
Be sure to keep up with our Cross Asset Compass to stay ahead of the next catalyst. It will come from the outside (beyond crypto) considering the current state of the system.
Bitcoin was stable over the weekend and is stuck between $27.9-$28.5k - the price is being squeezed into a tighter trading channel. The Bitcoin Risk Signal remains at 0, yet there is no sign of life in altcoins. When will the alt season come?
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