Dear community, hope all is well. Apologies for the delayed weekly overview.
Last week was generally a boring week where BTC tried to find its footing. As of the last two days, BTC has seemingly bottomed out around the 60k.
Whereas BTC dropped almost 18%, the sell-off in the alts was much more severe, where some highly volatile tokens lost almost half of their worth in just 2 weeks of trading.
Overall, this is normal during bull-markets. Open interest (leverage) has to reset and indicators like the RSI have to cool down, which gives investors the opportunity to step back into the markets.
I'm expecting a resumption of the bull-market this week. We will likely make a new all-time high in the next few days.
