The Milk Road Show How Bad Is This Pullback? Bitcoin, Macro & Key Support Levels w/ Real Vision’s Chief Crypto Analyst
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Feb 28, 2025 Join Jamie Coutts, Chief Crypto Analyst at Real Vision and former Bloomberg Intelligence expert, as he navigates the wild waters of the current crypto downturn. They delve into Bitcoin's key support levels and why now might be the prime time to buy. Jamie breaks down market trends using Bitcoin's RSI and examines price dynamics, highlighting long-term investment strategies despite the recent volatility. Plus, insights on how macroeconomic factors play into future market movements make for a compelling listen!
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New Lows Indicator
- The 365-day new lows indicator helps assess market sentiment by tracking tokens hitting yearly lows.
- While seemingly bearish, reaching 25-30% new lows often signals a bottom in crypto bull markets.
Altcoin Breadth
- Altcoins haven't performed as well in this bull market, indicated by a declining advance-decline line.
- This suggests focusing on Bitcoin or specific sectors like DeFi, despite current technical bearishness.
Portfolio Allocation
- Consider your time horizon and risk tolerance when allocating your portfolio.
- Allocate out of large-cap L1s into DeFi protocols if you have a long-term perspective.