What a Week in Crypto!
Here's What's Next 🚀
Happy Monday, everyone!
Last week was absolutely insane for crypto. It was one of those weeks where you step back and think, "This is why we’ve been here all along." So much happened, and the excitement isn’t slowing down anytime soon.
Let’s dive into a quick recap of last week’s highlights and set the stage for what to watch this week.
🚀 Bitcoin: The Market Leader Breaking New Ground
Bitcoin’s dominance has been a major driver, hitting key levels and sparking excitement across the board. With a historic inverse head-and-shoulders pattern breaking out on Bitcoin, we’re officially in price discovery mode.
Here’s what’s critical:
Overextension from Moving Averages: Bitcoin is around 30% overextended from the 50-day moving average, historically signaling potential pullbacks or at least consolidations, which it has been doing nicely for now.
Price Milestones: $90K seems a critical psychological area, and every $10K from here really feels monumental.
Even if Bitcoin dips back into the $70Ks, that’s not a sign of weakness—it’s a chance for the market to reset and build momentum for the next leg up. Important to note that this would be a normal technical move for Bitcoin.
🌕 Altcoins: The Sonic Boom is Near
Altcoins are heating up, with some massive moves already underway. The Total Crypto Market Cap (Excluding BTC and ETH) just posted a huge weekly candle, hinting at the START of an altcoin boom.
Cardano (ADA) and Dog (DOG) deserve special mention. These two have ended up my top plays for this bull cycle, and the data speaks for itself:
ADA: Breaking above its 20- and 50-week moving averages, with a setup that’s eerily similar to the early days of the 2020 bull run. This is looking incredibly strong for the months ahead.
DOG: Like it or not, DOG has proven its ability to over-perform during altcoin seasons. Keep an eye on the charts—it’s gearing up for some major moves. As the first and largest memecoin on Bitcoin, and in Bitcoin’s first cycle having memecoins, there is no telling how high this can go.
These are more than speculative plays—they’re projects with narratives that align with this cycle’s momentum, in a way like I’ve never seen.
🔍 This Week: What to Watch
Bitcoin Dominance: Will it hold its current levels or start to drop, signaling altcoin season?
Altcoin Market Cap: A breakout above $720B could ignite the “sonic boom” we’ve been anticipating.
Key Support Levels: For Bitcoin, $76K-$77K is the area to watch if we see consolidation.
Momentum Oscillators: The RSI and MACD are still showing strength, but keep an eye out for bearish divergences as we climb higher.
Transparency Moment
I’ve been transparent in sharing my focus for this cycle, and I’ll say it again: ADA and DOG are leading the way for me. These aren’t the only plays I’m watching, but they’re the ones where I feel the strongest. It’s an absolute no-brainer for me.
The charts look good, the narratives are aligning, and the setups couldn’t be clearer. Of course, this isn’t financial advice—always do your own research—but I’m excited about where these projects are headed.
This is one of those moments in crypto where it feels like we’ve been waiting years for everything to come together. And here we are.
Thanks for being part of this journey, and as always, let me know your thoughts.
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God Bless!
– Dan