Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook What a weekend and start to October it’s been for the bitcoin and crypto bulls considering that not only has BTC moved back up to the high-$40k’s but has also been consolidating in bullish fashion over the past 24 hours which suggests that there…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With US bond yields rising and equities taking a big hit to the downside, it comes as no surprise that the crypto markets are under some selling pressure as well given their “risk-on” classification, however we’ve yet to see new lows in bitcoin and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a nice rebound off of new regional lows earlier in the week, the bitcoin markets are under pressure once again today on news of yet another Chinese crackdown on crypto, this time stating that all virtual currency transactions are illegal. While this age-old…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Aaaaaand, we’re back! After two weeks of phenomenal coverage of the cryptocurrency markets by Mr. A, Mr. W is back at the office and back at the charts. While there’s obviously been volatility in the $40k’s during the break, the resilience of the market…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a mixed news day that includes headlines that billionaire hedge fund manager John Paulson calls crypto a bubble and bitcoin worthless while at the same time FTX.US receives CFTC approval for US-based crypto derivatives, it comes as no surprise that price is languishing…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a range-bound but bumpy ride for the bitcoin markets over the past few days as rallies continue to get sold and dips continue to get bought, which is actually probably not a bad thing for the bulls heading into next week considering…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bulls continue to control not only the price action in the bitcoin markets but also the broader narrative surrounding crypto as companies such as Visa begin to get involved in alternative assets such as NFTs. Meanwhile, the charts are still supportive of more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a tug-of-war between the bulls and bears over the past few days with the bulls eking out slight gains above $48k heading into this week, so it appears as though the bulls still have a slight advantage for the time being. Having…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With little in the way of news heading into another sleepy summer weekend, in addition to still fairly benign near-term technicals, it comes as no surprise that the bitcoin markets are relatively flat compared to where they were a few days ago during our…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook After continuing to rally up to and above our $45k target yesterday, the bitcoin market has been slowly bleeding to the downside recently as profit-taking begins to take hold. We also have a resolution on the US Infrastructure bill that caused so much controversy…