News & Analyses

Bitcoin flashes sell signal, but altcoins explode. What will happen this week?

  • Bitcoin price flashes sell signal on the weekly timeframe, forecasting a potential correction.
  • Meme coins and some altcoins show strength as they rally over the weekend.
  • This week shows promise, but investors need to be cautious. 

This week, Bitcoin has finally flashed a sell signal on the weekly chart, forecasting a correction of one-to-four weekly down candlesticks. Despite the short-term correction forecast, some altcoins are rallying.

BTC/USDT 1-week chart

BTC/USDT 1-week chart

Before we get into what altcoin picks for the week, let’s take a look at the week’s agenda.

Crypto Week Ahead

April 1

April 3

  • ImmutableX (IMX) Watch Dogs Cards game-related.
  • Wormhole (W) and Injective Protocol (INJ) airdrop.

April 4

  • Bitcoin Cash (BCH) Halving.
  • Fed Chairman Jerome Powell’s speech at 04:10 PM GMT.

April 5

  • Nonfarm Payrolls (NFP) at 12:30 PM GMT.

April 10

  • Starknet (STARK) “influence” pre-release.

Altcoin picks for this week:

Here are some rebellion altcoins that rallied this weekend.    

  1. Jito (JTO) – JTO price is up 35% in the last 48 hours.
  2. Bitcoin Cash (BCH) – BCH price is up 11.81% in the past two days.
  3. BitcoinSV (BSV) – BSV price has shot up 7.45% in the past two days.

Apart from these individual altcoins, meme coins are likely going to continue their ascent. 

  1. Floki Inu (FLOKI) and Pepe Coin (PEPE): These two altcoins are among the most trending meme coins, but FLOKI seems to have taken a break over the week as it’s at breakeven. PEPE, on the other hand, has shot up 10%.
  2. Sui (SUI) and Sei (SEI): These modular blockchains have been at the center of the hype cycle, with investors returning to them occasionally. SEI was down 3.24% over the weekend, while SUI is at breakeven. These altcoins are likely to get a lot of attention as well. 
  3. (FET) and SingularityNET (AGIX): These AI coins are also likely to see some bidding from investors. Both the AI tokens sit at roughly -4% over the weekend. 

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