Leister

We are now looking on the month chart where we see a slight downward trend and it's a middling behavior.

If you look at the market cap for Bitcoin specifically $1.35 trillion, as I record, this is a significantly low number.

It actually got to a risk of breaching down beneath the $1 trillion mark.

I would argue.

If we can get Bitcoin down into where people are estimating, which is into the $50,000 range, might be a buying opportunity.

There were some bits that came up, obviously Iran's a piece, but there were some other bits that came up that I believe are contributing to some of the downward sentiment that we experienced with Bitcoin.

But I still think that Bitcoin has an opportunity for more runs, if only because of supply.

supply being constrained though it is we know it's being paper traded at some point that's going to fail and when it does it's going to have an explosive upward as we saw with precious metals precious metals has been down and these are buying opportunities if you're in precious metals they are certainly buying opportunities i still think gold is

it's not overinflated it just feels like not the right buying price to me you have to make up your own decision but from my lens i don't see that it's the perfect buying opportunity as of yet so i've been avoiding those for now same with silver silver is a great price but i'm holding for the right price point we have not yet reached if bitcoin continues to go down

Money's going to flow in other directions.

We'll talk about that here shortly.

Bitcoin currently hovering around the $68,000 mark on the month chart.

A little bit of volatility, but not heavy volatility.

Meanwhile, on Ethereum side,

Hovering around the $2,100 mark, Ethereum looks like it's poised for a slight run.

We also expect that some of the altcoins should benefit as some of that wealth retreats from Bitcoin and other assets into some of this.

So not quite an altcoin season per se.

Rather, I think people are playing the field.

They're kind of toying with different things and seeing what's going to stick.

That's my pulse on what's happening.