Posts by Mr. W

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow summer news day with very light trading volumes price is defaulting to its bearish shorter-term bias with price bleeding below the $33k level on weak technicals and poor sentiment, so we think our plan of staying on the sidelines remains the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Undeterred by loud-mouthed international organizations and following in the footsteps of El Salvador, Paraguay plans to introduce BTC legal tender legislation on July 14th which is another fundamental catalyst for long-term growth moving forward. It’s also nice to see price action stay relatively stable…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Amid renewed regulatory uncertainty in the US and a selloff in the broader financial markets, it comes as no surprise that weakness has also permeated crypto as investors move to safer assets. There may also be some anticipatory selling ahead of the large Grayscale…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day in the middle of summer before a long holiday weekend it makes sense that the bitcoin markets are treading water in the low-$30k’s on relatively low volatility and low liquidity, a trend that we expect to continue over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are under pressure to the downside today, which comes as no surprise given our fairly negative take yesterday on the CMU Video due to still very uncertain technicals and a shorter-term fundamental outlook that remains challenged due to Grayscale, China, and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a shaky start to the weekend the bitcoin markets ended up in a fairly bullish position coming into this week, and this positive upward action has continued into today carrying price all the way up to regional resistance in the mid-$36,000’s on strengthening…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With BTC prices hovering near range lows as the weekend commences and Guggenheim Partners CIO Scott Minerd making another bearish call down to $15k, it comes as no surprise that sentiment is in the dumps and the technicals are looking weak. While we continue…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we approach the end of a very volatile session over the past 24 hours that was triggered by more China crackdown news, we now see price trying to stabilize above the $32k level following a nice bounce off of longer-term support in the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we move into this slow summer weekend price is consolidating as expected following some weakness down into the $34k’s yesterday, which didn’t come as a surprise either given Mr. A and I’s discussion during the TCV CMU video on Thursday that lower prices…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day following a significant rally it isn’t much of a surprise that price is still consolidating just below the $40k level as we mentioned was a good possibility yesterday, although in the previous update we posited that a move up…