90K Is Where I Sell My Altcoins
90K Is Where I Sell My Altcoins
13 hours ago•VirtualBacon•@virtualbacon
YouTube4 min 50 sec
Watch on YouTube
Note: AI-generated summary based on third-party content. Not financial advice. Read more.
Quick Insights
  • Treat $86,000–$87,000 as near-term resistance for Bitcoin (BTC) and $90,000 as a stronger potential ceiling; reassess risk as BTC approaches these levels.
  • If BTC continues rising, consider trimming high-risk, low-cap altcoins and Strategy near $90,000 and rotating proceeds into Bitcoin, rather than cash.
  • Altcoins and low-cap crypto are very high risk, and a move toward BTC resistance could trigger a sell-off; the insights provide no individual altcoin targets.
Detailed Analysis

Bitcoin (BTC)

  • The speaker sees $86,000–$87,000 as near-term resistance, based on several prior price touches. $90,000 is another important resistance level, near the midpoint of an earlier weekly trading range.
  • The speaker thinks Bitcoin could reach $90,000, but expects it to be difficult to break much above that level in the immediate short term. They say a move into the range could prompt profit-taking and selling by investors who previously bought there.
  • The speaker remains bullish on Bitcoin in the broader bull-market context and says they do not short Bitcoin or sell it for cash.

Takeaways

  • The discussion suggests treating $90,000 as a potential near-term resistance and reassessing risk if Bitcoin approaches it; the speaker does not present it as a guaranteed price ceiling.
  • The speaker’s stated approach is to rotate some profits from higher-risk holdings into Bitcoin at resistance, rather than moving into cash.

Altcoins and Low-Cap Crypto

  • The speaker says altcoins and other high-beta, higher-risk investments may offer greater upside than Bitcoin while they expect Bitcoin to rise.
  • They are holding some low-cap assets and say they plan to continue holding them until Bitcoin reaches $90,000.
  • At that level, they intend to reduce exposure to high-risk positions and rotate into Bitcoin. They also acknowledge that a move toward resistance could bring a sell-off.

Takeaways

  • The speaker’s approach is to hold higher-risk crypto exposure while expecting Bitcoin to rise, then reduce that exposure near $90,000 and rotate into Bitcoin.
  • Low-cap assets are explicitly characterized as very high risk. The transcript does not name specific altcoins or provide individual price targets.

Strategy

  • The speaker groups “Strategy” with altcoins, saying it can move faster than Bitcoin during a bull run. The transcript does not specify a ticker or discuss the company in detail.

Takeaways

  • The speaker treats Strategy as a higher-risk, faster-moving Bitcoin-related holding and would consider reducing exposure near Bitcoin’s $90,000 resistance level.
  • The transcript provides no company-specific analysis or separate price target for Strategy.
Ask about this postAnswers are grounded in this post's content.
Video Description
Bitcoin is sitting at daily resistance around 86 to 87 thousand, on a level that was the lower low from November last year and has been touched three times. Above that sits the November to January weekly block, three months of consolidation between 86 and 93 thousand, and 90 thousand is the middle of it. So 90 thousand is reachable but very hard to break through in the next 30 days, and a peek into that range is more likely to bring sellers than a clean breakout. That changes what to do rather than what to predict. Dennis does not short Bitcoin and does not sell Bitcoin into cash. He rotates: when Bitcoin reaches resistance he takes profit from high risk positions and moves it into Bitcoin. Right now, before that level, altcoins are the better hold, because Bitcoin has confirmed the bull and higher beta moves faster while it goes up. So he keeps the low caps until Bitcoin reaches 90 thousand, and that is the level where the rotation happens. ---------------------------------------------------- All Exchanges and Links ✅ FOMO Social Trading: https://bacon.link/fomo (Follow my real on-chain trades live. Real money on my actual account, so you see exactly what I hold, my size, and my entries) ✅ Toobit Exchange: https://bacon.link/toobit ($50 Free Bonus, No Verification Required) ✅ PropW: https://bacon.link/propw (Trade a $50K Funded Account) ✅ Bitunix Exchange: https://bacon.link/bitunix ($5,500 Bonus, no KYC) ✅ ByBit Exchange: https://bacon.link/bybit ($30,000 Bonus, KYC Needed) 🧰 Toobit Agent Trade Kit (connect an AI agent to the exchange): https://www.toobit.com/agent-tradekit 💎 Join The Coiners, our Trading Dashboard and Community: https://thecoiners.io 📢 Telegram, the daily market briefing and live alerts: https://t.me/virtualbacon 📢 Courses, Exchange Guides, and All Links: https://virtualbacon.com/ ----------------------------------------------------- My Other Videos 8 Years of Crypto Trading Advice in 40 Minutes 👉 https://youtu.be/p9iEJgFReB8 Crypto Investing for Beginners, Full Course 👉 https://youtu.be/niT7g4ghm3o ----------------------------------------------------- Chapters 0:00 The 30 day call on 90K 1:25 Why 86 to 93K is the hard block 3:44 Bitcoin or altcoins right now ----------------------------------------------------- 📜 Disclaimer 📜 The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial, legal, or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses a considerable risk of loss. The speaker does not guarantee any particular outcome. #Bitcoin #BTC #Crypto #CryptoNews #BitcoinPrice #BitcoinAnalysis #VirtualBacon #Fed #InterestRates #Nasdaq #Semiconductors #AMD #ClarityAct
About VirtualBacon
VirtualBacon

VirtualBacon

By @virtualbacon

I'm Dennis, a Crypto angel investor with 100+ startups in our portfolio. On this channel I share my views on market trends and investing strategy for Crypto.