Bitcoin May Be Near a Turning Point. Here's What to Watch Next
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| By Beth Canova |
At the tail end of June, I said it was fun to be the contrarian in the room.
When I said that, Bitcoin had just made its late June dip. Exactly as Juan Villaverde’s Crypto Timing Model said it would. He also mentioned we should expect a retest of that low in late July.
Now, we’re right in the middle of the window for that July low. And right on cue, the headlines show mostly fear, uncertainty and doubt — or “FUD” in crypto speak:
When everyone and their mother acts like Chicken Little when Bitcoin is mentioned, that’s a good sign it’s time to look beyond the headlines.
Because the data tells a different story. In fact, Juan believes that Bitcoin May Hit $70,000 Before the Next Crypto Correction.
Not only have we retested the June low just as Juan’s model predicted. But this recent rally pushes BTC closer to confirming that this was, in fact, the 4-year-cycle low.
That’s enough for Juan to put $70K as his targeted top for this relief rally. Then, in his market update this week, he outlines what his indicators suggest comes after and when long-term investors can find their next window to load up.
But that’s not all! Here’s what the rest of your crypto team had to say this week …
Marija Matić recently let you in on one way to narrow down your list of potential altcoin picks: real revenue. Gone are the days of memecoin dominance. With Wall Street on the blockchain and adding cryptocurrencies to their balance sheets, they want stability. They want projects with real utility that can monetize and earn profits from their ecosystem.
But revenue alone isn’t enough. Because not all revenue is reflected in a project’s token price. Which is why, this week, Marija has two questions you should add to your due diligence to find the strongest projects that can turn revenue into price action.
Stay a Step Ahead of Rising AI Costs with 5 Picks
AI costs continue to rise. And companies are struggling to get a positive return on investment when using AI. That squeeze could choke the sector.
Fortunately, some companies have seen the writing on the wall. And they’re building their businesses around it. In his update, tech expert Jurica Dujmovic explains what’s fueling the issue and which names are taking steps to avoid the worst of it.
Robinhood Chain Reveals How Memecoins Still Drive Crypto Growth
A quick look over the past few weeks reveals a strong trend: Crypto and traditional financial infrastructure have begun to merge. But the latest development in this narrative isn’t just another point in the trendline. It reveals a deeper truth: Not all infrastructure plays are built to last.
Robinhood Chain — the blockchain launched by the online trading platform — may just have what it takes. Altcoin expert Mark Gough’s evidence? It’s early experience with memecoins.
Circle Won a Federal Bank Charter
Speaking of infrastructure crossover, this one is big. Circle is the issuer of the second largest stablecoin, USDC. These digital dollars are used across crypto and now TradFi. Now, Circle has the standing to run its own bank.
But this success can be a double-edged sword. In his update, Juan highlights what to watch out for as Circle moves forward. And how this story has another winner hiding on the sidelines.
World Cup Washes Away This Predictive Market’s Bull Case
Two weeks ago, the investment thesis for Rain (RAIN, Not Yet Rated) was simple according to Marija: Prediction markets were the breakout crypto narrative of the cycle. But the two category leaders, Polymarket and Kalshi, had no tradeable token.
That left room for a decentralized competitor to steal some thunder. However, with the World Cup catalyst winding down, your DeFi expert says it’s time to take another look and reevaluate this opportunity.
But that’s all for this week! Be sure to look for your next Weiss Crypto Daily update tomorrow afternoon.
Best,
Beth Canova
Crypto Managing Editor
