Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin has continued to chop up traders in a sideways fashion throughout the lower liquidity holiday weekend. The fact we did not break down during the weekend is an encouraging point and it shows accumulation is occurring at these levels. This is confirmed by…

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 Market action is now frustrating both bulls and bears as a battle continues in this $30k to $35k area that is chopping up all but the most experienced traders.  Bears made a new low last week into $28.6k but failed to follow through, while…

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 Market action continues to bleed downwards as we expected after last Thursday’s Crypto Market Update Video where Mr. W and I discussed the downside possibilities.  We remain caught in the $30k to $40k range while currently scraping the bottom of the lower $30k’s.  Many…

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…