Bitcoin’s Outlook, ETH's Next Major Support and Why Zcash’s Run Isn’t Over: Bits + Bips - Ep. 950 – Unchained

Bitcoin’s Outlook, ETH's Next Major Support and Why Zcash’s Run Isn’t Over: Bits + Bips - Ep. 950 – Unchained — Transcript

Market views

Bullish

BTC— Bitcoin maintains its long-term uptrend despite short-term volatility, with the firm operating under the assumption that the uptrend will continue based on technical indicators and cloud support levels.
ETH— Ethereum has completed a high-probability breakout from a long-term triangle formation, representing a very long-term bullish indication despite recent retracement, with support at $2,750.
ZEC— Zcash shows an intriguing long-term breakout above 2021 highs, and despite appearing visually overextended, technical indicators haven't generated sell signals yet, suggesting potential for follow-through.
XRP— XRP is holding cloud support and approaching a potential positive technical catalyst with moving average convergence at $2.63, which would provide an actionable entry point especially with the upcoming XRP ETF launch.

Bearish

MSTR— MicroStrategy has broken below cloud-based support levels that Bitcoin is still maintaining, showing bearish divergence and testing February lows with next support at $183-200.
BITO— BitMine and the broader Ethereum debt instrument segment show weakness due to deteriorating sentiment and downside momentum, requiring oversold conditions before reconsidering positions.

Not investment advice.