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Bitcoin (CCC:BTC-USD), and cryptos in general, have been stuck in a sideways trading pattern lately. They have strong resistance, but they also have strong support.
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This makes now as good a time as any to accumulate. Because when this sideways pattern ends, it’ll likely be a big breakout to the upside.
And there are people actively accumulating right now — those people are whales. This is one reason to remain bullish on Bitcoin, at the very least.
As individual investors with fewer than one Bitcoin in their wallet continue to dump out of fear, Bitcoin whales keep swooping these coins and adding to their existing collections.
The real opportunity here is to buy misunderstood, undervalued alt coins that have robust technology. The crypto selloff has beaten up these coins more than Bitcoin. As a result, they have much more upside potential on the rebound. What goes up, must come down. But also, this gives way to larger upward growth potential in the future, as coins with solid fundamentals rise again.
Cardano Is Coming
One of our favorite altcoins is Cardano (CCC:ADA-USD).
We’ve voiced our support for this top
