Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Resilient price action in the bitcoin markets over the past 24 hours off of the $30,261 lows from yesterday has certainly been encouraging, and puts a continuation higher in the near-term back on the table, however there are still too many technical warning signs…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Unfortunately for the BTC bulls the long awaited correction is here, sparked by a failed rally near $42k over the weekend in conjunction with a bearish tweet from Scott Minerd (CIO of Guggenheim Partners, who have a $400,000 long-term price target on bitcoin) saying…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With large institutions continuing to try to get exposure to bitcoin in any way possible, this time it’s Morgan Stanley upping its allocation to MicroStrategy, it comes as no surprise that price hit $42,000 yesterday and has since been consolidating in rather bullish fashion…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It didn’t take long for the bitcoin markets to reach our $40k target, less than 24 hours in fact, as the supply and demand imbalance continues unabated which is manifesting as a supply-side liquidity crisis on exchanges. The continued exodus of coins from said…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As election controversy boils over in the US today, bitcoin is getting a safe haven bid with prices rising to new all-time highs above $37,000 without much resistance, which comes as a bit of a surprise to us given how the technicals looked a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin markets indeed continued to move to the upside over the weekend as expected, reaching a new all-time high of $34,800 on Saturday, they failed to reach the $36k target that we set in the previous update which is a bit of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Happy New Year everyone!!! Despite this being an extended holiday weekend for the legacy financial markets, bitcoin is taking no time off as price has quickly moved up above the $30k level over the past few days, a bit quicker than expected, and has…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we approach the beginning of the new year the good news for bitcoin keeps rolling in, this time regarding NFL football player Russell Okung taking half of his $13 million yearly salary in bitcoin which has helped to kept a bid under the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It was quite a Christmas holiday for the BTC bulls considering that price continuously and consistently moved up to new all-time highs early in the weekend, reaching a local top of $28,377.94 in a short amount of time, although some selling materialized above $28k…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook We hope everyone had a very Merry Christmas! We’re fairly certain that BTC holders did given that price has pushed up to new all-time highs well above $25,000 during a slow news period and what is typically a fairly weak few days for crypto…