The Crypto Report: The Market Gets Red Hot
By Alex Benfield
Wow. Just wow. The crypto market has been almost indescribably hot over the last few weeks, but the start of this week has been incredible for this sector.
Bitcoin (BTC) is blasting off and inching ever closer to the previous all time high of $69,000 that it set in November of 2021. I've been around this market for seven years now and I have never seen crypto as hot as it is right now. Bitcoin has never carried so much momentum this early on in the four-year cycle, and I've never seen the beginning of a crypto bull market be as explosive as this.
Bitcoin has been nothing short of amazing since the start of the year and it's been accelerating this week. After BTC hit some resistance at $48,000 in the beginning of the year, it cooled back off and dropped all the way back to $40,000. But since then it's been on an almost straight vertical path to $57,000, after running into small resistance around $52,000. It is getting extremely close to its previous all time high at this point, and looks like it could surpass the high water mark before the halving in April.

Trading days like Monday are the days we've been waiting years for, and those of us who have stuck around since the last cycle couldn't be happier. The good times in crypto are here once again, and they are just now starting.
If you're already invested in crypto or if this is your first time, I'll be here to break down my research and analysis and point you in the right direction. Most new crypto investors struggle to understand the larger direction of the crypto market in the medium and long-term time frames, and that is precisely what I can help best with. The majority of my research into this market has been to understand the general trends of this market and how they can push or pull the prices of different market sectors and individual projects. So join us as we embark on this journey together!
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