Friday Crypto Market Analysis.

Friday Crypto Market Analysis.

Here is your Friday crypto roundup!

Bitcoin is currently stuck in a rut between the $67,000 to $70,000 range and is transitioning out of its pre-halving retrace phase into the re-accumulation phase. 

This means that Bitcoin will generally be going sideways between $67K and $70 at least until it's halving event which is happening on April 19th.

In a period after the halving, Bitcoin should enter its parabolic bull run rise up to and potentially over $100,000.

So a quiet period for Bitcoin over the next month or two before Bitcoin goes nuclear and money floods the crypto markets. 

The altcoin market is also generally quiet as the altcoin market mirrors Bitcoins price moves albeit with a time lag depending on the market cap of the coin.

The altcoin market will generally be quiet with minimal major price moves until Bitcoin starts its bull run move. 

So in summary, a quiet to rather boring time for the crypto market for the next few weeks to a month or so but once the halving has passed and Bitcoin makes its bull run move, it will be all systems go!

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