Bitcoin crashed to $3,600 during the pandemic but is now trading 10 times higher. In a video, Joe shares the top five cryptocurrencies to watch and potentially buy. He also mentions new altcoins that have made massive profits for investors. He warns that despite the current bullish market, there are still uncertainties with inflation, the Fed’s decisions, and global events. He discusses the possibility of another dip but points out that influential figures like Elon Musk are holding onto their cryptocurrencies. The five cryptocurrencies to watch are Bitcoin, Polkadot, Sandbox, 4Chain Rune, and Zcash, with potential price movements outlined for each.
Bitcoin: A Journey from Crash to Recovery
Two years ago, bitcoin crashed to $3,600 as the world faced uncertainty with the pandemic. Today, even during this bearish time, it is trading 10 times higher, with many altcoins also very profitable for early investors. In today’s video, I’m going to be sharing with you the top five cryptocurrencies to watch and potentially buy this week, as well as some new altcoins that just listed and made some massive profits for their investors. So, if you like altcoins and multiplying your money with cryptocurrency, smash up the like button to a new all-time high. Let’s get this video to 5,000 likes. If we do so, I will do a special giveaway for this community. So, if you think bitcoin is going to go up, smash up that like button and let’s get started.
Welcome to the YouTube Channel!
Welcome to the YouTube channel! My name is Joe, and every single day, I make videos teaching you how to make money with cryptocurrency. So, if you like money and you like crypto, click the subscribe button. Also, hit that notification bell to be notified every single day when I come out with these new videos. They are very time-sensitive, and you’re not going to want to miss out. For time-sensitive alerts, giveaways, and breaking news, make sure to follow me over on Twitter. And if you want to ask me your questions, make sure to follow me over on Instagram and click on my Instagram stories. I will answer as many questions as I can. And for even more content, make sure to follow me over on TikTok. Also, please know that everything I say in this video is not financial advice. These videos are for educational and inspirational purposes only. In full disclosure, I do own some of the cryptocurrencies that I will be discussing in this video. Alright, let’s dive into today’s topic.
Bitcoin: From Pandemic Crash to Current State
Today, in this very special video, we are going to talk about five things that you must know about bitcoin this week. Two years ago, since the beginning of the pandemic crash, bitcoin was sitting at $3,600. Now, if we take a look at the chart, we can see that bitcoin is currently trading at $36,000. This is a significant increase. Personally, I do not own a lot of bitcoin, but I remember this day in particular. I wish I would have bought bitcoin when it went down this low.
Uncertainty and the Future Outlook
The truth is, we are not out of the water just quite yet. Between Russia, China, inflation, and the fed, there’s a lot coming in the very near future. In fact, tomorrow on the Ides of March, we have some major decisions being made by the federal government. This week is going to be a very big week for cryptocurrency traders as the fed is expected to decide on a quarter-point rate hike. Also, bitcoin and ethereum have been virtually pegged to the S&P 500 in 2022, and these decisions should impact the cryptocurrencies greatly. Many others have been saying congratulations to anyone who bought the dip two years ago. This is truly legendary stuff. I truly believe that because with cryptocurrency, when things seem to be the worst and everyone has maximum fear, this could potentially be the best time to be a buyer. Now, of course, you need to do your research. You should never risk more than you can afford to lose, and this is not financial advice. But those who bought at the pandemic dip look like absolute geniuses today. But it is very important to know what might happen next.
Bitcoin Price: What Could Happen Next?
As you can see, the floor of the bitcoin price during the accumulation phase was within 0 to 29 days of the last crosses we had across 9 days ago. And if history were to repeat, this could mean that bitcoin could fall all the way down to $26,000. However, I truly believe that we will not go this low. However, anything is on the table with crypto, and with the current market sentiment impressing no one, many are speculating that it is hard to believe that the volume could go much lower, which means bitcoin must be close to a bottom. And we even have massive holders like Elon Musk not selling his cryptocurrency. Here, you can see on his Twitter, he said, “As a general principle for those looking for advice from this thread, it is generally better to own physical things like a home or stock in companies you think make good products, than dollars, when inflation is high. I still own and won’t sell my bitcoin, ethereum, or doge.” So if Elon Musk, with 77 million followers and billions of dollars in cryptocurrency, is not selling down here, and as inflation has reached new all-time highs, are we going to have one last dip for crypto, or is the bottom already in? Let me know down below in the comments.
Top Five Cryptocurrencies to Watch and Potentially Buy This Week
Now, it’s time to get into the five cryptocurrencies to watch and potentially buy this week. Now again, I am not recommending you buy these cryptocurrencies. You need to do your research. But I wanted to share with you five that Coin Telegraph has highlighted, and in fact, these have done pretty well overall. The five cryptocurrencies to watch out for this week are going to be bitcoin, polka dot, sandbox, 4chain, rune, and zcash. Let’s take a closer look at each of them.
Bitcoin has remained relatively calm during the week, but tomorrow and this week, as we mentioned, are going to be very pivotal to what’s going to happen next. I would make sure to be alert these next few days as we may see some volatility.
2. Polka Dot
Polka Dot has been in a downtrend for the past several months, but the bulls are trying to form a bottom in the zone between $16 and $14. The price did rise above the 20-day EMA to $17, but the bulls have not been able to overcome the barrier at the 50-day SMA of $18. However, there has been a positive sign that the bulls have not given up much ground from the 50-day SMA, and this suggests that traders may be holding on to their positions, anticipating a break above the resistance. If this does happen, the Polka Dot USD pair could rally overhead to approximately $23, where they may see some resistance by the bears.
The Sandbox token has been ranging between $2 and $4 for the past several weeks. The bears have pulled the price below the 200-day SMA of $3.15 on March 4, but have not been able to break the support level of $2.55. If the price rises from its current levels, the bulls will try to push the Sandbox token above the 200-day SMA, which is right around $3.51. A break above this could rally to approximately $4.50 and then $4.86. The Sandbox token is one of the biggest metaverses today, and as I’m a huge believer in the metaverse, not only now but also in the future, this could definitely be a cryptocurrency to take a look at.
4. 4Chain Rune
4Chain Rune has also seen some very nice movement in the last few days. In fact, if you take a look, we have definitely broken and confirmed, and it looks like we’re heading right around to the $7 to $8 mark. But if the price does turn down, a break could go all the way back down to the $4 level. But it looks like the bulls are fully in control as Thor Chain is sitting at $7.47. And as you can see, it is a top trending cryptocurrency at the time of this recording on CoinGecko. This is a very nice breakout coming all the…