Crypto Updates

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…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As newsflow slows over the weekend and the technicals take over in terms of price action it comes as no surprise that the bitcoin markets continue to consolidate in the high-$40k’s as expected, and over the near-term we see no reason not to expect…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While it was nice to see the bitcoin markets rally up into the $52,000’s yesterday, it comes as no surprise that the move was unsustainable given the state of the technicals on Tuesday and our outlook at that time. Since then price has pulled…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With high-profile investors continuing to proclaim their interest in bitcoin and crypto, Dan Loeb and Kevin O’Leary being the latest over the past 24 hours, we are still quite bullish from a longer-term perspective. The technicals confirm this view, although the run-up to and…