Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As bitcoin hits new all-time highs the good news continues to roll in, the biggest of which being that legendary bond investor Jeffrey Gundlach has posited that bitcoin may be a better inflation hedge than gold over the coming years which is a huge…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With Michael Saylor and Microstrategy adding $300 billion to their debt offering to buy bitcoin earlier today and Rick Reider of BlackRock (the largest asset manager in the world) saying they are “dabbling” in bitcoin, price has shot up to new all-time highs very…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been another good weekend overall for the bulls as price slowly chopped its way up to the $50k level despite fairly benign technicals, a sign of the ongoing and persistent supply and demand imbalance which means the general bias is still to the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite it being a weekend the good news for bitcoin just continues to roll in as Morgan Stanley has announced that it is considering adding crypto to one of its multi-billion dollar funds, this on the heels of news that Apple Pay is now…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While a spate of good news involving Mastercard, BNY Mellon, Amazon, and PayPal UK sent the price of bitcoin to new all-time highs today, the breakout was unsuccessful and the market has since moved lower which tells us that the bulls aren’t yet ready…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given the forecast from a few days ago in addition to the slow news cycle since the Tesla announcement it comes as no surprise that bitcoin has pulled back from the $48,216 all-time high recently and is now consolidating in the mid-$40,000’s as the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It has been a very good day in the bitcoin markets as Elon Musk came out this morning saying that Tesla has purchased $1.5 billion in BTC as a treasury asset and plans to accept it as payment for its products in the near…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow day in the legacy markets with little in the way of headline news regarding bitcoin or crypto other than an announcement by Visa, we’re pleasantly surprised that price is already approaching the $38,000’s, an area that was mentioned in yesterday’s update.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are moving higher today despite strength in the US dollar and weakness in the precious metals complex, no doubt a good sign for the bulls moving forward. It also doesn’t hurt that long-time bitcoin bull and Ark Invest founder and CEO…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With GameStop, silver, and WallStreetBets dominating the news cycle this first day of February, bitcoin remains under the radar and fairly stable which is what we expected and what we think is the most healthy thing for the market at this time. The more…