DataDash warns that while there may be short-term opportunities in Bitcoin and altcoins, we could be nearing a major market top and potential blowoff in asset prices, particularly stocks.
🐡 He references a near 100-year chart indicating U.S. equities may be extremely overvalued and due for a significant correction.
⚖️ For Bitcoin, a clear daily close above $72,000 could signal a final rally, while a break below the current range may lead to a broader decline.
🐂 Altcoins need to reclaim a $300 billion market cap for DataDash to turn bullish again.
😟 In stocks, parabolic moves in names like Nvidia driven by AI and drug-related stock euphoria are concerning.
DataDash cautions against buying Bitcoin or crypto for the next year or two if a major stock market selloff materializes.
