Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a pretty good day today for the BTC bulls as price has rallied up above resistance around $10,500 following a pretty bad day yesterday that saw a new local low of $10,138, so we think the bias has shifted towards the upside…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Stability has returned to the BTC markets today as support continues to hold in the low-$10,000’s while resistance remains fairly strong overhead, which is actually better news for the bulls than it is for the bears given the current technical setup, suggesting that more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC bulls are under pressure to start this last full week of September as weakness from the US equity markets and the precious metals complex (due to DXY strength) combines with technical deterioration following another failure around the $11,100 level to produce selling…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been fairly quiet in the bitcoin markets over the past few days as consolidation has taken hold in the high-$10,000’s which we actually think is fairly good news for the bulls heading into the weekend given weakness in the US equity markets today.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the BTC price heading up to and above the $11,000 level today as expected the bulls are still in control at this time, although the new $11,100 local high is awfully close to significant short-term resistance right at that level while the near-term…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It comes as no surprise that the BTC bulls have been pushing price higher over the past 24 hours given our forecast from yesterday, reaching a new local high of $10,940 before pausing once again in very similar fashion to what we saw yesterday…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It didn’t take long after a weekend of consolidation for the bulls to spark a rally above $10,500 as expected, and for the time being it looks like the strength is likely to persist into tomorrow given favorable price action close to the local…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While it’s mildly discouraging to see the bulls fail to push price above $10,500 before the weekend, we’re not all that surprised given the mixed US equity close yesterday as well as the weakness in precious metals so now the forecast calls for more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Encouraging price action, improving technicals, and a still favorable macro backdrop are all good signs for the bulls heading into the upcoming weekend, so we think there is a good possibility of a move above resistance at $10,500 at some point over the coming…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It comes as no surprise that BTC is acting well today from a price action perspective given the strength we’re seeing in US equities, as well as the stability in gold and silver, however it was a bit of a surprise that the bulls…