Monday Morning Crypto Market Update.

Bitcoin over the past 7 days is down 1.7% and has been trading in a mainly sideways pattern with price volatility to the upside and downside.

Bitcoin is in its pre-halving retrace period so there is still going to be a possibility that we see further retraces in price between now and Bitcoins halving in mid April. 

 However in the past 24 hours, Bitcoin has rallied 3% and there is a chance that it could break through the $68K resistance line.

 If it breaks through this price then Bitcoin could go on another rally towards $70,000. 

 If it doesn't, we will keep in the same sideways pattern with price swings between $67K and $62K.

 As for the altcoin market, it has been a mixed bag over the past week with many of the top 50 altcoins trading in a similar pattern to Bitcoin but some have shown some impressive gains. 

 So what happens next?

 For the next month or so, all eye's should remain on Bitcoin as the in flow of liquidity in and out of Bitcoin and its price moves, will dictate how the rest of the crypto market moves. 

 My hunch is that Bitcoin and the altcoin market will generally be volatile over the coming few weeks but I wouldn't rule out another possible price retrace this side of Bitcoins halving. 

 Another thing we need to keep an eye on is the war in Ukraine. 

 With the recent terror attack in Moscow, the war has escalated and should it escalate further and the markets get spooked, we could see a black swan event and all of the markets crash as investors liquidate all of their holdings. 

 Whilst this is unlikely to happen, it is something crypto investors need to keep in mind and be aware of in the months ahead. 

 So my advice is to always keep one eye on what is happening in Ukraine and the Middle East. 

 To finish, here are the top 5 crypto gainers over the past 7 days:

 Ondo 89%

Toncoin 36%

Internet Computer 35%

Stacks 30%

eCash 30%

So that is your Monday morning crypto update and I will keep you updated through the week. 

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