The Bitcoin price is trading below $103k at press time after trading as high as $106k earlier this week.

Unsurprisingly, altcoins are faring much worse, with Pi down by more than 30% on the day.

Crypto prices are seeing a sharp sell-off on Wednesday, largely due to profit-taking from whales and early buyers. The Bitcoin price is trading below $103k at press time after trading as high as $106k earlier this week.

Unsurprisingly, altcoins are faring much worse, with Pi down by more than 30% on the day.

However, crypto holders and sidelined investors need to be cautious — the second-quarter bull market is still in its early stages, as indicated by the soaring Global M2 money supply.

Sidelined investors should be looking to buy the dip, especially on those with extremely bullish charts. Among the best cryptos to buy now are meme coins — both the blue chips and new presale tokens.

Leading analysts are urging investors to ‘zoom out’—a reminder to focus on the broader market trajectory. For instance, Global M2 has a strong correlation with Bitcoin, and it now indicates that the BTC price is headed to $150k in the coming weeks.

Global liquidity is leading the way to $150,000. #Bitcoin

The macroeconomic outlook has also improved considerably. The US and China have agreed to pause their reciprocal tariffs for a 90-day negotiation period, which experts are viewing as a major de-escalation in the ongoing trade war.

The US has also signed a trade deal with the United Kingdom, and the Trump administration is hinting that more deals are on the horizon.

The latest CPI data has also indicated that the inflation in the US economy is dwindling, which paves the way for the Federal Reserve to cut interest rates in the upcoming FOMC events.

With the US stock market showing significant bullish strength, crypto prices are poised for an upside continuation.

Sidelined investors should continue to gain exposure to Bitcoin, considering it is poised to hit $150,000 in the second quarter. In fact, they should consider buying the dip at every key support level, including $100k and $95.5k, if available.

Similarly, investors should buy the dip on Ethereum, especially if it retests the $2400 price mark.

Prominent crypto analyst Bluntz reveals that he has opened a long position on Dogecoin, highlighting its inverse head-and-shoulders pattern and a healthy pullback since.

quite liking $doge here aswell for continued upside, textbook IHS with volume in the breakout and a nice pullback here

— Bluntz (@Blumer_x) April 18, 2024

He also points out that the popular Solana meme coin Dogwifhat appears poised for a bullish continuation as well.

It may also be finally time to buy Cardano (ADA). Following an inverse head-and-shoulders bullish breakout, the ADA price appears poised to rally to $1, prominent trader Nebraskangooner reveals. Among the mid-caps, Popcat, Keycat and Degen are also among attractive investments that could result in outsized returns, each currently having decidedly bullish price charts. Finally, smart money investors continue to hunt for low-cap gems with high upside potential. For instance, a whale purchased nearly $400k worth of Solaxy, a new Solana Layer-2 coin.

Behind such heavy investments, the SOLX presale has already raised over $36 million, which indicates high upside potential following its launch. The top Bitcoin and Ethereum Layer-2 coins have multibillion-dollar valuations, which explains why analysts are viewing SOLX as the next 20x crypto.

Similarly, a new BTC-themed meme coin, BTC Bull (BTCBULL), is in high demand as well. The meme coin is designed for long-term Bitcoin investors who are looking for alternative revenue streams to benefit from BTC’s forward march. BTCBULL holders will receive free Bitcoin when the BTC price hits certain set milestones, besides benefiting from token burn events, BTCBULL airdrop and presale staking rewards. The BTCBULL ICO has raised nearly $6 million in short order, with many anticipating up to 100x returns from it in the bull run.