Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following the midweek crypto selloff that we saw over the past few days prices are now starting to stabilize at near-term support on positive news coming out of Bitcoin 2022 Conference in Miami, particularly for BTC and Lightning as we found out that both…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin and crypto markets are pulling back from the recent local highs today as we expected earlier in the week, both the technicals and the fundamentals are suggesting that this intermediate-term uptrend is not yet over and that we should be trying…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a rather slow news week thus far and technicals that still leave something to be desired for the time being it comes as a bit of a surprise that bitcoin has moved convincingly above the $42k level so early in the week which…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Range-bound volatility continues to be the name of the game for bitcoin and the crypto markets this week as expected, although what was not anticipated was the resilience and fortitude of the bulls at the $38k level over the past 24 hours (which is…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a nice bounce to the upside yesterday on the back of US President Biden’s executive order on cryptocurrency, as well as a risk-on environment in stocks, the BTC price is selling off back below $40k today as expected on continued fears of war…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With tensions between Russia and the rest of the world continuing to escalate heading into the weekend due to the ongoing war in Ukraine, the “safe haven” bid has remained fairly strong for bitcoin despite increasingly worrying technical headwinds. We think this bid is…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the globe on the brink of war following Russia’s military invasion of Ukraine, it comes as no surprise that risk assets of all kinds have been under pressure to the downside this week, including BTC and the broader crypto complex, although we have…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On this Valentine’s Day Monday neither bulls nor bears appear to be in love with the markets as stocks are stuck in a mixed trade and crypto is generally flat, both of which are a sign of the growing indecision and uncertainty surrounding risk…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a good weekend of nice upside for the crypto markets, prices are making news highs today on positive technicals and news that KPMG Canada has added BTC and ETH to their corporate treasury. Also, clarity regarding Tesla’s bitcoin position was revealed today which…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a fairly slow news day for both crypto and tradfi it’s nice to see BTC continue to drift higher thus pulling most of the space up with it despite a relatively flat trade in the US equities markets. This means that the technicals…