In his latest video, Lark Davis discusses the upcoming Federal Reserve rate cuts and their potential impact on the crypto market.
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He explains that a 50 basis point cut is expected, which could cause short-term volatility. Still, he remains optimistic about its long-term bullish effect, especially since it’s happening outside a recession.
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Lark then addresses Bitcoin’s continued struggle with resistance at key levels like the 200-day moving average. Despite this, he notes that large investors are accumulating Bitcoin, signaling confidence in future price increases.
Turning to altcoins, Lark points out that while Ethereum has underperformed, many altcoins are in accumulation phases, creating the potential for a future rebound. He emphasizes that crypto markets can shift rapidly from “boring” to explosive, so investors should stay prepared.
Finally, Lark highlights projects like Helium, Fantom, and Maker, which he believes have strong growth potential. Despite current market challenges, he stresses that there are still opportunities for those willing to weather the volatility.
