Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Market action continues the bearish stance followed by FUD reports that USA agencies cracked private keys of the pipeline hackers and recovered the BTC ransom. This is highly unlikely and if funds were actually recovered, they were likely seized from an exchange or the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a successful and eventful Bitcoin 2021 conference in Miami that was capped off with huge news that El Salvador will try to make bitcoin legal tender, we received more good news in the form of Michael Saylor and Microstrategy announcing plans to raise…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On the eve of Bitcoin 2021 in Miami, a sold out event that is expected to host 50,000+ cryptomaniacs, the markets are looking and acting better than yesterday particularly from a shorter-term technical point of view. The hype and buzz around the conference will…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite the low liquidity holiday weekend, the price action in BTC was actually fairly tame overall which tells us that perhaps we’re getting closer to a sustainable bottom in terms of both time and price. We also like the fact that many newer participants…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Now that we’re right in the middle of the Memorial Day holiday in the US it comes as no surprise that newsflow is practically nonexistent and price action remains choppy and directionless, which we think will continue over the near-term. The technicals also aren’t…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Newsflow is slowing and volatility is compressing heading into the Memorial Day holiday in the US, which comes as no surprise given the level of uncertainty that is present in the marketplace right now. The technicals also paint a very uncertain picture over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While volatility remains elevated in bitcoin overall there appears to be at least a modicum of stability starting to creep into the market, due at least in part to the tweet yesterday afternoon from Elon Musk (and Michael Saylor) regarding bitcoin mining’s energy usage…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It was another fairly rough weekend for the bitcoin bulls as price sank back down into the low-$30k’s on bearish technicals and elevated exchange volumes, so we really need to stay cautious despite the bounce we’ve seen today. Having said that, positive news that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook More FUD was on the menu for the crypto markets today as the US Treasury called for stricter regulations on the sector while President Biden continues to promise that the IRS will be cracking down, so the rather resilient price action that we’re seing…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The cross currents are many in the bitcoin markets early this week as more Elon Musk/Tesla news over the weekend led to additional weakness yesterday that has been reinforced by the obligatory “China bans bitcoin” headline FUD earlier today, all while the technicals remain…