Key insights

• 💰 💰 Altcoin gains are remarkable, with several surpassing $10,000, reflecting an enthusiastic market.
• 📈 📈 Bitcoin is nearing an impressive $117,000, displaying robust activity and strong bullish sentiments.
• 🔮 🔮 Ethereum is on the verge of hitting $3,000, significantly outpacing Bitcoin in recent performance.
• 🚦 🚦 Market sentiment is showing signs of greed; caution is advised to avoid impulsive investments during this altcoin season.
• 🚀 🚀 A breakthrough above $3,300 could lead to rapid gains, potentially marking the onset of a significant altcoin season.
• 📊 📊 The global M2 money supply increase could drive Bitcoin to a projected price range of $120,000 to $150,000 by late 2023.
• 📉 📉 Despite bullish momentum, the market is showing hints of bearishness; key support levels are vital for altcoins like XRP and HBAR.
• 🔍 🔍 The upcoming M2 money supply reports will be crucial to understanding the future trajectory of crypto prices.

Q&A

• When is the next M2 money supply report? 📅

  The next big M2 money supply report is set for July 22, and further reports are scheduled through December. These reports are crucial for assessing potential growth in the crypto market.

• What should I know about altcoins like XRP and HBAR? 📅

  XRP is approaching a major breakout, indicating the possibility of reaching new all-time highs if it can close above previous weekly highs. HBAR also shows strong potential as it nears past high levels, suggesting significant price action could be imminent.

• Is Bitcoin showing bullish momentum? 📈

  Yes, Bitcoin exhibits strong bullish momentum, having closed above its upper trend line for three consecutive 3-day candles and showing notable price increases. Comparisons to past bullish movements suggest potential for further gains.

• How does the M2 money supply affect Bitcoin's price? 📈

  The M2 money supply increase is expected to have a positive impact on Bitcoin’s price, potentially pushing it to $150,000 by late 2023. Historical patterns show Bitcoin's price movements often correlate closely with changes in the M2 money supply.

• What are the key resistance levels we should watch for? 🔍

  Key resistance levels are currently around $3,000 and $3,300. Breaking through $3,300 could lead to rapid gains, potentially targeting $4,000. Notably, these movements could mirror past bullish trends.

• What does the current market sentiment indicate? 📊

  The current market sentiment suggests a level of greed with altcoin season rated at 30 out of 100. Despite the optimism around rising prices, caution is advised as the market is volatile.

• What advice do you have for investors during this market phase? ⚠️

  It's important to avoid acting out of fear of missing out (FOMO). While the market shows promise, caution is recommended as more opportunities will arise. Keeping a well-researched strategy is key.

• What is driving the current altcoin surge? 🚀

  Altcoins are seeing exceptional performance, with many exceeding $10,000. Contributing factors include market sentiment leaning towards greed, as well as favorable movements in Bitcoin and Ethereum.

• How is Ethereum performing right now? 🔥

  Ethereum is approaching the $3,000 mark, showing significant growth and outperforming Bitcoin on a weekly basis. It's currently experiencing a 639% increase over the last month.

• What is the current price of Bitcoin? 💰

  Bitcoin is currently nearing an impressive price of $117,000. This surge indicates strong activity in the crypto market and has raised optimism among investors.

• 00:00 Crypto markets are booming again with altcoins surging, Bitcoin nearing $117K, and Ethereum approaching $3K. Exciting times, but avoid FOMO! 🚀
• 01:41 The crypto market is currently showing signs of greed with positive gains in altcoins, particularly Ethereum, which has seen significant growth. Caution is advised despite the optimism around rising prices. 🚀
• 03:19 🚀 The market is approaching key resistance levels, and if we break through $3,300, rapid gains could follow, leading to an alt season after phase two. The upcoming M2 money supply reports are crucial for potential growth.
• 04:59 The increase in global M2 money supply is expected to positively impact Bitcoin's price, potentially pushing it to $150,000 by late 2023 based on historical patterns. 🚀
• 06:38 Bitcoin shows strong bullish momentum with a notable price surge and trend line break, indicating potential for further gains ahead. 📈
• 08:17 The market is leaning towards bearishness while signaling potential bullish breaks in altcoins like XRP and HBAR, especially if key trend lines are broken. 🚀