Friday Morning Bitcoin & Crypto Market Update.

Bitcoin is hovering around the $70,000 level currently and it is still in its pre-halving retrace phase so it is still possible that we could see Bitcoins price dip before its halving occurs in a few weeks. 

Once Bitcoins halving happens, it will enter the post halving re-accumulation phase where Bitcoin is in a bit of a boring lull where nothing really happens before breaking out into its parabolic bull run move. 

However, if Bitcoin can break through the $70,000 level, we could see a rally this side of the halving but we will have to see. 

The large to medium sized mid cap alt coins are seeing a similar pattern to Bitcoin at the moment with small rallies and retraces in price. 

However, three AI coins (Fetch, Singularity Net & Ocean Protocol)  have performed incredibly well over the past week after they announced a merger and they have all seen gains of around 30%.

There is also one meme coin that is absolutely crushing it at the moment and that is called dogwifhat. 

This coin has been on an incredible run since the start of the year and is up 50% over the past week. 

However, due to its current rally, its not a good buy at the moment because I think it could see a retrace in the weeks ahead before going on a parabolic run when the altcoin market goes nuclear after BTC makes it bull run move. 

So that is your Friday crypto update. 

I hope you have a great Easter and enjoy the time with your families.

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