With Bitcoin seeing a pullback after the recent ETF hype, the market remains in a consolidation phase. There is support around $40K and a move down to retest that level could provide fuel for the next bull run, especially heading into the halving in May. Top altcoins like Ethereum are also taking a breather, struggling to break key resistance around $2,500.
The growth in AR/VR remains a tailwind, with strong demand signals from Apple and Meta. Stocks like Meta, Nvidia, and Apple look bullish for now, with no signs of major trend breaks. Crypto ecosystem plays like Render also appear attractive at current prices based on chart analysis.
Regulatory clarity could also boost coins like Coinbase, which has a strong case against the SEC. Additional catalysts stem from narratives in web3 gaming and enterprise adoption plays like Hedera, which made waves at Davos. With Bitcoin dominance falling, altcoins could outperform if BTC ranges sideways through key technical levels.
Overall crypto sentiment has cooled but remains broadly positive from a chart perspective. Key support levels abound that could lead to a bullish trend reversal, offering potential buy zones for both Bitcoin and altcoin projects. But choppy trading conditions persist, requiring careful risk management.
Guest: Jacob, Trader & Analyst
This episode is sponsored by LuxAlgo | #1 provider of trading indicators worldwide.
Become a Diamond Circle Member FREE! ➜ https://bit.ly/PBDiamondCircle
Market Sentiment Index ➜ https://bit.ly/MarketSentimentIndex
Subscribe on YouTube ✅ https://bit.ly/PBNYoutubeSubscribe
X/Twitter 📱 http://bit.ly/PBNtwitter
Looking for the best tax havens for Crypto? Free Month with iTrust Capital - Use PROMO CODE - PAUL BARRON https://rebrand.ly/PAULBARRON