Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a busy day for the bitcoin markets today on both the fundamental and technical fronts considering news of Goldman Sachs offering crypto products to its institutional and high net worth clients sent price shooting up to the $60k area in short order.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following what was a rather turbulent and uncertain weekend in terms of price action in the bitcoin markets, news this morning that Visa plans to allow transaction settlements via USDC in the not too distant future got the bulls fired up resulting in a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC markets have been rebounding recently off of the $50,360 regional low from a few days ago on improving technicals and slow newsflow which is allowing some breathing room for the bulls for the time being. While we’re certainly more positive on the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook After hitting new local lows just below $53k around the daily close yesterday, the bitcoin markets have since recovered a portion of the losses today rebounding back above $55k where bulls and bears are now battling it out. The good news for the bulls…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a day when Federal Reserve Chairman Jay Powell said that cryptocurrencies are speculative and not a substitute for the US dollar, it comes as no surprise that the bitcoin markets are under some pressure to the downside right now. The technicals have also…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we head into the first weekend of spring the bitcoin markets are looking quite good from a technical perspective, and the fundamentals remain strong as well with news coming out today that Brazil is the second country in the Americas to approve a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets have recovered today from the selling that we saw drive price down to the $53k area yesterday, which is a bit of a relief given the bearish state of the technicals that we discussed in the previous update, however we’re not…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin got within a few hundred dollars of the all-time highs (ATHs) yesterday but was unsurprisingly unable to breakout without some additional consolidation, as mentioned in the previous update, and today we got news that Binance is now under investigation by US authorities which…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While Beeple sold an NFT for $69.3 million over the past 24 hours, yet another sign that crypto is going mainstream and that the bull market is still in full swing, BTC has rallied up into the high-$50k’s as expected on strong price action…