Monday Morning Crypto Market Update.

The big news in crypto is that Bitcoins halving has now happened and historically, this has been the start of the crypto bull run. 

But what happens next?

Looking at Bitcoins current and historical charts, Bitcoin will go through a rather flat re-accumulation period for the next few weeks to a month before starting its parabolic rise to a new all time high. 

Bitcoin is currently around $66,000 so it is toying in its all-time-high level but I cant rule out a further fall in Bitcoins price to the $52,000 to $54,000 level.

As for the altcoin market, I think we will see a further cooling off in the altcoin market with some big drops possible which is in line with the altcoin hype cycle. 

The altcoin market should reach the bottom by mid-May but then I think we'll see the altcoin market start to gather steam and by June, I expect the altcoin season to really get going where altcoins start their parabolic bull run.

So the takeaway here is that Bitcoin and the altcoin market will go through a quiet period for the next few weeks to a month which will probably be the last time for investors to buy into high quality crypto projects at great prices before the bull run really starts by the middle of May or beginning of June. 

However if you want to discover hot crypto tokens for the bull run and get in-depth crypto analysis, why not join my Crypto Insider Pro Newsletter for just £1 here.