Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bullish price action in the BTC markets yesterday was great news for the bulls from a longer-term perspective, there were a number of warning signs that emerged that made us cautious coming into today. First of all, price didn’t skip a beat…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook So far today has been a big day for the bulls considering that price has moved up to new local and regional highs following a hold of support in the high-$12,000’s yesterday thus confirming bullish market structure and putting the $13,880 high from June…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets were starting the week off on the right foot earlier this morning as price was getting close to breaking above the new regional high of $13,363 that was set over the weekend, and this strength was even more impressive given the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Not long after the previous update was issued on Wednesday the bulls pushed price up to a new local and regional high of $13,325, the highest daily close since early 2018, which is certainly a great sign for the bulls as we progress towards…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC has rocketed to the upside above the previous $12,473 regional high today on news that PayPal will be entering the cryptocurrency space in early 2021 by allowing users to buy, sell, and shop with bitcoin, bitcoin cash, litecoin, and ethereum. This sent prices…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Another day, another strong performance on the part of the bulls considering that they have had little trouble pushing price up to the $12,000 level as expected over the past 24 hours and current price action is indicating that an overshoot is likely before…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we head into this third week of October the chips are starting to stack up in favor of the BTC bulls considering that price was unexpectedly strong throughout the weekend and today we’ve seen a $400+ pop to the upside despite what have…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook More exchange drama rocked the cryptosphere over the past 24 hours with news that OKEx founder and CEO Star Xu was taken by Chinese authorities several days ago and hasn’t been seen since, and that withdrawals have been indefinitely paused on the exchange due…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite some minor upward and downward volatility over the past few days BTC has been fairly stable overall which is a good sign considering that the equity markets have been weak, so perhaps bitcoin’s positive correlation with stocks since March is starting to disintegrate.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It didn’t take long after our last update for the BTC bulls to push price up to a new local high of $11,731, which came as no surprise given our previous forecast, awfully close to the $11,750 resistance level that we mentioned yesterday as…