Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day in the middle of summer before a long holiday weekend it makes sense that the bitcoin markets are treading water in the low-$30k’s on relatively low volatility and low liquidity, a trend that we expect to continue over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are under pressure to the downside today, which comes as no surprise given our fairly negative take yesterday on the CMU Video due to still very uncertain technicals and a shorter-term fundamental outlook that remains challenged due to Grayscale, China, and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a shaky start to the weekend the bitcoin markets ended up in a fairly bullish position coming into this week, and this positive upward action has continued into today carrying price all the way up to regional resistance in the mid-$36,000’s on strengthening…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With BTC prices hovering near range lows as the weekend commences and Guggenheim Partners CIO Scott Minerd making another bearish call down to $15k, it comes as no surprise that sentiment is in the dumps and the technicals are looking weak. While we continue…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we approach the end of a very volatile session over the past 24 hours that was triggered by more China crackdown news, we now see price trying to stabilize above the $32k level following a nice bounce off of longer-term support in the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we move into this slow summer weekend price is consolidating as expected following some weakness down into the $34k’s yesterday, which didn’t come as a surprise either given Mr. A and I’s discussion during the TCV CMU video on Thursday that lower prices…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day following a significant rally it isn’t much of a surprise that price is still consolidating just below the $40k level as we mentioned was a good possibility yesterday, although in the previous update we posited that a move up…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As good news starting to flow back into the crypto markets with Elon Musk reigniting the possibility of Tesla accepting bitcoin as payment, Paul Tudor Jones recommending a 5% BTC portfolio allocation, and Michael Saylor vying for the option to sell up to $1B…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Without much in the way of news heading into this weekend, either good or bad, the markets are left to their own devices over the next few days meaning that the technicals will likely drive the action. This is not great news for the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Things are starting to look better for the BTC bulls as price has recovered back to the $36k area today on the back of the El Salvador news following a brutal shakeout down to the $31k area yesterday that likely spooked a lot of…