Weekly Crypto Update March 30, 2021
Mar 29, 2021Not one who likes being confused with a cautiously bullish market analyst, earlier this month I put out our core price estimate on BTCUSD of $354 to be the top of this cycle high which is about $300,000 higher from here.
Updated $BTC price target for this cycle
- We are only 4/9 months into trend
- 4-5 months more before we hit parabola
- parabolic move to 354k
- I don't expect 80% drawdown this time
Updated $ETH price target for this cycle
- We are 1/11 months into this cycle
- 10 months more
- 1st measured move target 3029
- Parabolic move 54k
- EIP 1559 could make that possible
This week Crypto Derek Zoolander (Aaron) and Crypto Hansel (Chris) #SoHotRightNow
💎 Market Review
💎 Dalio thinks the US will ban Bitcoin https://cointelegraph.com/news/hedge-fud-manager-ray-dalio-says-good-probability-of-a-us-bitcoin-ban/amp
💎 FTX Exchange buys naming rights to Miami Heat Arena https://twitter.com/JoePompliano/status/1374412469095989253?s=20
💎 Uniswap v3 release announcement https://www.youtube.com/watch?v=TRJYs7v7gYo&ab_channel=Bankless https://uniswap.org/blog/uniswap-v3/
💎USDC added to Visa Payment Network https://twitter.com/jerallaire/status/1376493343476187138?s=21
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