October 13, 2024
3 Signs the Next Bull Run Is on the Way
Dear Subscriber,
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| By Beth Canova |
Our team of crypto experts have started to notice the signs. The shifts in the market that signal the next move up may not be far away.
In fact, there are three the Weiss crypto team has identified this week that should draw your attention.
Let’s start with the big one: global liquidity. As Juan Villaverde pointed out last week, it’s on the rise thanks to the People’s Bank of China injecting $1 billion into the Chinese economy.
This week, Juan says that the biggest player in this sandbox — the U.S. Federal Reserve — is about to follow suit.
But it won’t be so obvious about it. Instead, the Fed is about to enter its ‘Not-So-Secret Money Printing’ Season. In this latest update, Juan explains why we’ll likely see the Fed’s best slight-of-hand trick … and how he expects it will prepare the crypto markets for liftoff.
Second is a little-known indicator that Dr. Bruce Ng says you should be watching. That’s because it Can Tell You When Bitcoin’s Real Rally Will Start.
It’s called spot cumulative volume delta, or CVD. That’s a mouthful of technical jargon in such a small acronym. But basically, it shows whether selling or buying pressure is stronger for a specific asset.
In his latest update, Dr. Bruce reveals one key shift in Bitcoin’s spot CVD that just occurred … and one more that will likely precede Bitcoin’s next big move up.
Finally, Marija Matiฤ reminds us of one of the easiest signals to overlook: when Bitcoin does nothing in the face of bearish news.
The ongoing geopolitical conflicts weigh heavily on all risk assets, crypto included. But despite the latest headlines, Bitcoin has overall held strong.
That’s why she says that Bitcoin's Resilience Shines Amid Global Turmoil. It dipped briefly below $60,000 twice over the past two weeks … only to immediately bounce back. This is a clear sign of strength and reinforces Dr. Bruce’s analysis that selling pressure has run out for the OG crypto.
But Marija doesn’t stop there. This week, she also reveals three on-chain metrics that mean Bitcoin is preparing for the bull rally.
So, what projects should be on your watchlist for when the run begins? Our experts say investors should consider scalability solutions.
Scalability is a persistent issue many crypto projects struggle to overcome. Projects that can are likely to do well as they’ll be able to handle the increased activity expected with the bull run.
That’s why Mark Gough says to keep your eye on This Blockchain Built for Traders.
It’s called Sei (SEI, Not Yet Rated), and it is designed to efficiently handle DeFi projects, like high-volume trading platforms, with impressive speed and scalability. And there are two important metrics Mark highlights in his latest update that imply that Sei is just getting started.
But long-term or growth investors may want to look up BlockDAG.
According to tech expert Jurica Dujmovic, BlockDAG Creates a New Path to Scalability by changing how blockchain technology works at a fundamental level. This is the key to BlockDAG’s scalability.
In his latest update, Jurica reveals how it works, three massive advantages it has over other scalability solutions and how investors can make the most of this opportunity.
But that’s all for this week. Keep an eye on your inbox tomorrow for your next Weiss Crypto Daily.
Best,
Beth Canova
Crypto Managing Editor
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