Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC markets have been rebounding recently off of the $50,360 regional low from a few days ago on improving technicals and slow newsflow which is allowing some breathing room for the bulls for the time being. While we’re certainly more positive on the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook After hitting new local lows just below $53k around the daily close yesterday, the bitcoin markets have since recovered a portion of the losses today rebounding back above $55k where bulls and bears are now battling it out. The good news for the bulls…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a day when Federal Reserve Chairman Jay Powell said that cryptocurrencies are speculative and not a substitute for the US dollar, it comes as no surprise that the bitcoin markets are under some pressure to the downside right now. The technicals have also…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we head into the first weekend of spring the bitcoin markets are looking quite good from a technical perspective, and the fundamentals remain strong as well with news coming out today that Brazil is the second country in the Americas to approve a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets have recovered today from the selling that we saw drive price down to the $53k area yesterday, which is a bit of a relief given the bearish state of the technicals that we discussed in the previous update, however we’re not…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin got within a few hundred dollars of the all-time highs (ATHs) yesterday but was unsurprisingly unable to breakout without some additional consolidation, as mentioned in the previous update, and today we got news that Binance is now under investigation by US authorities which…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While Beeple sold an NFT for $69.3 million over the past 24 hours, yet another sign that crypto is going mainstream and that the bull market is still in full swing, BTC has rallied up into the high-$50k’s as expected on strong price action…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With Digital Currency Group (DCG), parent of Grayscale, announcing that they are buying $250 million worth of GBTC shares, presumably in order to reduce the current discount to NAV, the bitcoin markets are on fire swiftly approaching the $58,354 all-time high (ATH) on strong…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the broader consolidation continues in the bitcoin markets, it didn’t take long into the weekend for the newflow to turn positive again, this time regarding some international players that are buying BTC (and ETH!), thus forcing the near-term technicals into the backseat once…