April Was Alt Season

There is some talk going around that April was alt season. To be honest, this is a plausible scenario (although I don’t want to believe it).

Some of the major alts did 2x+ during April and have been leveling out or going dormant since then. Others have not even moved yet.

I think this is the importance of picking good alts. I believe the further we go in this market, the less people are going to buy random shitcoins and more well known alts will make big runs.

It’s an unpopular opinion, but that may have been our alt season….for now.

Bitcoin is not going to an all time high anytime soon

As much as I would love for Bitcoin to go to $30k+ by July (and I believe it could), it’s important to realize that this might not happen. If no major catalysts occur that could shift the price of Bitcoin to new levels, we could potential see some sideways action until something occurs.

Now, I do believe we have those catalysts such a major financial institutions opening cryptocurrency trading desks and Coinbase beginning to work with ways to bring institutional investors into the space with ease, but even though this is bullish news, the most important thing is how people actually perceive and react to this information. Aka if no one buys, then the price isn’t going up.

Regulations

It’s important to look at the fact that regulations throughout summer may not be positive for crypto in the short term. Personally, I believe regulations will allow institutional investors to feel more comfortable entering the space, but that might be more of something that is mid-long term.

So many crypto people are bearish on regulations because they believe it will kill their gains. This is understandable. Regulations may make the market less volatile.

But only time can tell for this one.

Finally,

I am fundamentally bullish. I’m all about them moons and them lambos. I don’t necessarily believe that this stuff will occur, but I think it’s important to look at all possibilities when in this volatile market. I hope we all win big.