Josh believes crypto is entering a stronger phase as money starts rotating out of crowded AI and stock trades into Bitcoin and altcoins.
Key Points
Key Highlights:
- Bitcoin ETFs recorded a sixth straight week of inflows, while altcoins are starting to wake up
- Josh says Bitcoin staying above the Ichimoku cloud remains the main bullish signal
- He believes BTC could target $100K+ if current momentum continues
- Funding rates remain relatively low, which suggests there is still room for more upside before major euphoria
- Ethereum continues to look weak compared to Bitcoin, Solana, XRP, and many altcoins
- Solana and XRP are showing stronger technical setups and improving momentum
- Josh prefers altcoins already moving above the cloud, while avoiding weaker charts still below it
- He says many AI and semiconductor stocks now look heavily overbought after massive rallies
- Sectors like Nvidia and AI infrastructure may continue higher, but he sees better relative value in crypto right now
- He also highlighted Coinbase and crypto-related stocks as possible winners if positive regulation like the CLARITY Act moves forward
Final Takeaway
Josh believes the technical setup for crypto is improving across the board, especially for Bitcoin and select altcoins. His view is that crypto currently offers better upside potential than crowded AI trades, while Ethereum still lags behind stronger-performing assets.
