Cryptos Get Back to Pre-crash Prices. But This Isn’t a Bull Run Just Yet
In light of the holiday weekend, I’ll keep this short so you can go back to spending time with your families. I know I’m looking forward to spending time with mine!
This week saw crypto assets prices just about climb back to pre-crash levels. And, both Bitcoin (BTC, Rated “B+”) and the altcoins have confirmed their 80-day-cycle lows.
But this isn’t the time to let optimism get ahead of you. Our indicators show the crypto sphere as a whole is stuck in NEUTRAL territory. They won’t turn bullish until they close above their previous 80-day-cycle highs. In short, not right now.
Wait for another good pullback. Then, it should be time to buy in anticipation of major new phase in this crypto bull market.