Is Bitcoin's bull run sustainable? What the experts think: ICYMI — top 3 crypto analysis.

Hi there!

I would say happy Monday, but we all know this day comes with a lot of mixed feelings, so instead, I'll say happy new week! 🥳 In case you don't already know, it's Vanessa from buidlbee! Here to bring you all the tips and tricks you need for a stellar portfolio and a step closer to your crypto investing dreams.

Here's what I have for you today:

• The 7 golden indicators that make a successful portfolio 📈

• Why are the bulls jogging instead of running? 🐂

• Litecoin set a new record 🔥

• Extra tips & tricks to help your journey with crypto 🚀

These indicators can help you predict the value of bitcoin

We've all had the trader urge to draw lines on a chart and call out predictions for the next uptrend or downtrend of the market. Sometimes these predictions go in our favor, but as we all know that doesn't automatically make us successful traders.

What if I told you there are some key metrics that can actually help us better predict what direction Bitcoin will go? Don't just take my word for it...here they are:

1. Fear and Greed Index — the greedier the indicator, the higher the value of BTC.

2. USD Index (DXY) — the stronger the value of dollar, the weaker the value of BTC.

3. Fed's Key Rate — the cheaper the rate, the higher the price of BTC.

4. Inflation Rate (CPI) — the lower the percentage, the higher the future value of BTC.

5. MVRV Indicator — Strictly for determining the value of the asset at the time of purchase [i.e. if it is currently overvalued or undervalued].

6. Hashrate — For determining the health of an asset from a technical standpoint as opposed to an economic one. The higher the hashrate, the smarter the investment.

7. Bitcoin Dominance Indicator — The lower this index, the more viable altcoin investments become and vice versa.

These seven indicators may not make you a millionaire overnight, but they sure will point you in the right direction and help you make smarter investment decisions. If you want to learn more about them, check out our recent article, and don't forget to do your own research! 🧐

What experts think about the market's movement so far

The crypto market started the year on a good note. Most assets were on the rise, but last week there was a halt in the growth, and investors are becoming a little antsy. So, we talked to some experts for a little insight into which way the market might go, and this is what they think.

• The Cryptonauts believe the market will be bearish for at least the next 18 months 📉 

• WebMasterMind thinks Bitcoin will hit $24K–$25K before going down, and we could benefit from some altcoins within that time 📈

• French NFT artist, Metastract, sees the market going either way and advises us to take caution but sees no signs of panic selling just yet 📊

• A rep from the Suspicious Unicorn Society believes, as always, retailers will get the shorter end of the stick and at some point, the market will do its thing — profits will be taken and positions liquidated 📉

• CryptoQuant uses technical analysis to identify factors for Bitcoin's future growth, which show more negative than positive indicators 📉

In any case, it's important to research before investing and take your emotions out of the game. There's a limit to how many heartbreaks and disappointments a person can take, and with the crypto market, you can never be 100% sure which way it'll go. 🤷‍♀️

Litecoin has set a new hashrate record

LTC is one of the big names that's been doing big numbers recently. It's seen a 125% increase from 2022, overtaking peers like Bitcoin (BTC) and Ethereum (ETH). Regardless of the lows that came with the market last year, miners have come to the rescue, taking Litecoin to an unprecedented hashrate high! 🥳

The more miners are actively working on a blockchain, the more activity is going on in said blockchain, and therefore, the higher the hashrate. This also means the more secure a blockchain is, as the work of miners adds extra layers of fortification to the network.

But, there's also a downside...

• More mining = more energy. This means an increase in the carbon footprint of the network and a negative impact on the environment.

• An increased hashrate means the network is becoming more robust, which could leave smaller miners and players in the dust. This could lead to a more centralized ecosystem that gives the wealthiest players the best returns.

There you have it! The top three analyses that will make you a better-informed and prepared crypto investor. Being the awesome friend I am, here are some other tips and tricks I've collected to help you on the way.

I'm sure this rundown will put a pep in your step and have you better prepared for the week of investments that lies ahead. You're welcome 😌 See you tomorrow with more guides to help you make it with crypto! 🚀