Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While news headlines and social media influencers continue to call the top in the crypto markets due to the Omicron COVID variant, as well as the specter of rising rates next year, the technicals continue to indicate that the path of least resistance later…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a pretty scary day to start the week yesterday which saw prices make new local and regional lows around the $55k level, things are looking much better today both technically and fundamentally which is a welcome development heading into the Thanksgiving holiday weekend.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets indeed remain depressed heading into the weekend as expected and now price is taking another leg to the downside below $58k which means that the bears are likely to stay in control over the near-term. The announcement of the finalization of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook At the beginning of the week we said that a regional top was likely around the $70k level due to the overstretched shorter-term technicals, and today a rejection of the Van Eck Bitcoin ETF by the SEC has sparked a regional top being put…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite little in the way of positive newsflow today the strong price action from over the weekend has persisted into this week with price moving up to new regional and all-time highs above $67k on still strong medium to long-term technicals and favorable seasonality…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook We’re ending this first week of November in a very similar fashion to how we began it with choppy, directionless price action and a subsequently slow news cycle, both of which are likely to persist over the coming weekend, although given the historically low…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a choppy and rather frustrating weekend of price action for both BTC bulls and bears, we come into this first week of November with yet more sideways movement on very mixed technicals, a slow news cycle, and fairly neutral seasonality, so it looks…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin markets started off the week on a positive note yesterday both technically and fundamentally considering that price moved swiftly off of the recent sub-$60k lows on news that Mastercard will be offering crypto services to all of its bank and merchant…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a rally up to new all-time highs earlier this week on the back of the launch of the ProShares Bitcoin Strategy ETF (BITO), bitcoin is now pulling back to find support before price exploration truly begins on the next breakout. First of all,…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As price generally moves higher and we get deeper into Q4 an increase in newsflow is to be expected, and that is exactly what we are seeing at the beginning of this mid-October week just before the launch of the first US-based Bitcoin ETF…