Stable WCI

Yesterday, we saw an intriguing price action in the crypto market. $BTC dropped all the way down to $58.5K but has since rebounded to above $61K. $ETH followed a similar pattern. This bounce back indicates a shakeout of weak hands. Remember, $BTC's halving is behind us, and historically, it takes some time to price that in. Based on previous halvings in 2016 and 2020, significant price movements typically start around five months later. We might still have around three more months of this sideways price action. Don’t get shaken out.

Yesterday's dip was also influenced by news that MTgox will start $BTC repayments in July, releasing 140k $BTC. This is a significant amount, but we don't know how much of it will be sold. However, this influx might bring fresh capital into the market. Considering the $ETH ETF launch in a few days, we could see an $ETH season, potentially leading to an altseason. I agree with DaanCrypto’s perspective in the linked tweet. While nobody knows for sure, and prices could drop further, I strongly believe we are still in a bull market, even if it feels bearish now. We'll see how things unfold. Plan accordingly.

Have a nice day! 😊

Fantastic run from $ROSE. We have to sell something and buy cheap $SEI 😊

Our third largest holding $ROSE is doing great! 👌🏻

Up 16% in the last 24 hours ☺️

Another week is coming to an end, and both $ETH and $LINK have finished their monthly close on a bullish note. I firmly believe that both cryptocurrencies have tremendous potential for future growth. I anticipate that $ETH will reach a new all-time high of $4.8K, while $LINK could surpass $52. In fact, I believe $LINK has the potential to exceed $100, which would position it as the sixth-largest cryptocurrency by market cap, still about $20 billion below $SOL. This strong belief in $LINK's potential is why it's our largest holding.

Note that $BTC is doing fine as well, consolidating below $70K. Just don't get shaken out. You can be sure there will be manipulation.

Have a nice Sunday 😉

$LINK has brought us to the first place in the last 24 hours. 🔥 I believe $LINK is still undervalued!

Thank you for following Stable WCI ☺️