Bullish March for Bitcoin or a Collision With a Recession
Exclusive Substack only audio analysis with Paul Barron
In our convo with Gareth Soloway we take a look at the current outlook for March, crypto markets, and the stock market. Will Bitcoin ($BTC) and Ethereum ($ETH) end the monthly close on a major high?
Guest: Gareth Soloway Chief Market Strategist of InTheMoneyStocks.com website ➜ https://bit.ly/InTheMoneyStocksite #Bitcoin #Crypto #Ethereum
Feeling the Recession Yet
Bitcoin Breaking Triger
Rejecting at crucial $23,800 level would indicate that we´ll be having another test of the support. If that sweep happens and we reclaim [$23,000], $25,000 test is inevitable, and longs are triggered.
ETH Set to gain Market Leadership
"Never in Ethereum's eight-year history have the stars aligned so perfectly, in our view, for its competitive dominance, growth momentum, and clear market leadership,"
While the bear market has struck competitors, Ethereum's network has shown resilience.
Assuming 30% staking post-Shanghai, comparable to other proof-of-stake chains, this "creates a $60 billion (or more) liquid staking market for Lido Finance, RocketPool, Frax, Ankr."
#Bitcoin #Crypto #Ethereum