Ledger Cast Hosts Say the Market Is Turning Bullish and Altcoin Season Has Arrived

Ledger Cast hosts Brian Krogsgard and Josh Olszewicz used their latest episode to make the case that bullish sentiment has spread across markets. They pointed to what they called a blowoff top in Tesla's stock, a strong run in bitcoin and a wave of altcoin rallies. The overall message was that dips look like buying opportunities, and that it is time to pay attention.

On the charts, the pair walked through bitcoin and ether on several timeframes. Josh argued that the market is moving into altcoin season, and he noted that his altcoin fund is up about 40 percent. Brian said he is targeting $11,500 for bitcoin. He also covered his recent video and trade on ZRX, and a separate video on Chainlink (LINK) in which he described his experience with the project's community, the so-called Link Marines. Josh pointed listeners to his recent articles on NEO, NEM and EOS.

Beyond price action, the hosts looked at several ecosystem stories. They discussed ETH 2.0, which was expected to launch in July, and the roughly $1 billion locked in DeFi applications. They also covered ConsenSys downsizing and separating its business units, a large bitcoin auction run by the US government, and an analysis of how long bitcoin has been held, known as the age of bitcoin distribution. The episode also touched on a reported dinner between Warren Buffett and Justin Sun, and on Robinhood's ratio of Tesla's price to its active holders.

The show is produced in partnership with Brave New Coin, and the hosts were clear that the episode is educational and not investment advice. Anyone acting on the views discussed should do their own research first.