Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a week of mixed news headlines consisting of yet another large financial institution getting involved in the space and a developer being arrested in connection with the Tornado Cash sanctions, price action has remained resilient due to the still strong shorter-term technicals. All…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While details continue to trickle out regarding the insolvency of multiple crypto lending firms and hedge funds, it appears as though the crypto markets have priced in the worst of the idiosyncratic risk that these companies posed to the crypto ecosystem which has allowed…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite news that Three Arrows Capital (3AC) filed for bankruptcy yesterday in a New York City court, in addition to the rough week that we had in terms of crypto price action, it comes as a bit of a surprise that BTC prices are…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With newsflow remaining highly negative given the Babel Finance news today, as well as rumors of a Three Arrows Capital (3AC) insolvency, it comes as no surprise that the crypto and bitcoin markets remain under pressure despite being around key support levels on almost…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Considering the down day we saw in the equity markets, the still bearish technicals in crypto, and news that the state of New York has passed a law banning carbon-based proof of work mining, it comes as a bit of a surprise that BTC…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given the mayhem in the traditional markets again today it comes as a bit of a surprise that bitcoin is holding up as well as it is, finding support around the $29k area like it has been for a few weeks now. This is…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following an absolutely brutal week of price action for risk assets across the board, including crypto, things are starting to stabilize a bit heading into the weekend, which is certainly good news for holders of these assets. Given the magnitude of the volatility over…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given a lack of crypto-related newsflow right now and a generally consolidative environment as far as price action goes, the technicals continue to determine shorter-term directionality (or lack thereof) for both BTC and altcoins. BTC showed some minor strength yesterday before weakening back below…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin and crypto markets have stabilized over the past few days and are now slowly recovering back to the $40k region this weekend on improving short-term technicals and some decent news on the Greyscale ETF over the past 24 hours. While there could…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Weakness has once again overcome the bitcoin and crypto markets today pushing the BTC price back below $40k following a sharp but short-lived rally above that key level yesterday, a sign that the prevailing environment remains predominantly bearish for now. In addition to the…