Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The fallout from the Elon Musk shenanigans last week has persisted into this weekend with bitcoin moving back down into the $40k’s with conviction thus turning the technicals much more bearish and increasing the odds of further downside before we see a sustainable bottom.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Indeed the bitcoin markets sold off yesterday as expected swiftly pushing down to a local low of $53,500 where a wave of derivatives liquidations was able to put a floor under the market, and since then price has been slowly but steadily rising back…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With little in the way of news over the past few days and a technical setup that leaves something to be desired it comes as no surprise that the bitcoin markets have languished in the $50k’s as anticipated, a trend that we expect to…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets have been slowly drifting to the upside over the past few days reaching a new regional high of $59,501 earlier today, which comes as no surprise given our call for a move up to the $60k region this weekend before sellers…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The manic price action that we’ve seen for the past few weeks in the bitcoin markets continues into today as price pushed back above the $57k level on news that NYDIG has partnered with hundreds of US banks to bring crypto to regular banking…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we get into this first week of May the bitcoin markets aren’t looking all that great as price has been selling off over the past 24 hours moving all the way back down to the $53k area on weakening short-term technicals and a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With little in the way of positive news for BTC over the past few days and the negative technical setups that were discussed coming into this weekend, we are quite surprised by the upside price action since the CMU video on Thursday. At that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets have continued to grind to the upside over the past 24 hours following the strong rally we saw off of the lows coming out of the weekend which has helped both the medium and long-term technicals, and the fundamentals are still…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given our bearish near-term outlook on BTC late last week it came as no surprise that price moved down to new regional lows around the $47k level over the weekend, although the strength of the bounce off of those lows has been unexpected and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Apparently our rather bearish video update from Wednesday was rightfully so considering that price crashed down into $47k’s overnight thus further damaging the technicals heading into what is likely to be a turbulent weekend. This latest leg of the correction came on news that…