Smart Crypto Investing: Bitcoin, Altcoins & Trading Strategies podcast.
Hey everyone, it’s Crypto Willy coming at you with the top headlines and freshest updates from the wild world of smart crypto investing—covering Bitcoin, altcoins, and the trading strategies all the pros are buzzing about this week!
Let’s kick things off with the big dog—**Bitcoin**. After a dramatic week, Bitcoin shot up 5% to $117,300 following a spicy hint from Federal Reserve Chair Jerome Powell about a possible interest rate cut. That single announcement liquidated nearly $380 million in bearish positions! Analysts like Michael van de Poppe say the uptrend is “back,” with support around $112,000 giving traders a tasty entry point. Jelle, another respected market watcher, says even if we get a slight retrace after this pump, the “market wants higher”—and with BitQuant sticking to his $145,000 cycle top for 2025, sentiment is outright ambitious.
Zooming in, Bitcoin’s current range sits between $114,500 and $116,200, with technicals from Coin Edition showing closely-clustered EMAs and neutral momentum on the RSI, setting up the next few days for a volatility squeeze. If we break above $116,200 with strong volume, targets like $117,700 and $121,100 are in sight. But if buyers don’t step up, look for the $113,000 to $111,700 zone to catch the fall.
But let’s be real—crypto investing isn’t just about Bitcoin. Altcoin action is heating up, and if you blink you might miss the next moonshot. Mid-cap tokens like Remittix (RTX) are making noise in the DeFi scene, with RTX trading around $0.0969 and catching eyes for its real-world remittance applications. CoinCentral reported that projects with actual use cases—not just meme potential—are what savvy investors are stacking now.
Speaking of speculation, hype is off the charts for newcomers like **MAGACOIN FINANCE**. According to CoinCodex, this early-stage altcoin just wrapped up multiple oversubscribed presales and could deliver a “33x return” if momentum holds through the year. The attention on social media—especially X and Telegram—is building a community vibe, and at this stage, some believe it’s just the beginning for MAGACOIN’s breakout. High risk, high potential reward—the classic cocktail for altcoin hunters.
Big institutions are still driving the major market moves, and according to Bitwise, Bitcoin’s long-term target is an outrageous $1.3 million by 2035, fueled by adoption and inflation protection narratives. But let’s not forget: with falling trading volumes recently, the market’s battleground is increasingly shaped by whales and institutional players, so traders need to account for whipsaw price behaviors.
On the trading strategy front, the playbook for this week centers on riding Bitcoin’s consolidations and breakouts, while allocating some dry powder to well-researched altcoins with momentum and real tech. For day traders, keep an eye on the $114,500 support and $116,200 resistance levels—a pop or drop here could set the tone for the last days of August.
That wraps up a jam-packed week in crypto! Thanks for tuning in—if you loved this update, make sure to come back next week for another deep dive. You’ve been listening to Crypto Willy with Quiet Please. For more, hit up Quiet Please dot AI. Catch you on the blockchain, friends!
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