Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following an expectedly bearish weekend that saw the bitcoin markets move all the way down to the $43k level, a newsy day today has shifted the narrative back toward the bull camp as we begin the month of March. Not only did Michael Saylor…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Some mid-week strength up to the $52k area has turned into some late week softness down below $45k over the past 24 hours, and despite a bounce back to $48k this morning price action remains fairly bearish overall. The technicals are also in no…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets briefly recovered back above the $50,000 level this morning following news earlier today that Michael Saylor and MicroStrategy finished buying another 19,452 BTC at an average price of $52.765. While this is no doubt good news for the bulls longer-term, it…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite the bitcoin markets reaching new local and regional lows earlier today price action and the technicals continue to suggest that this is simply a correction/consolidation in a still intact bull market, something that we think is actually a healthy development given the pace…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following what was a great weekend for bitcoin with price hitting new all-time highs above $58,000, the market is now pulling back on comments by Treasury Secretary Janet Yellen that bitcoin is an inefficient means of transacting and is likely used for illicit purposes.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As bitcoin hits new all-time highs the good news continues to roll in, the biggest of which being that legendary bond investor Jeffrey Gundlach has posited that bitcoin may be a better inflation hedge than gold over the coming years which is a huge…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With Michael Saylor and Microstrategy adding $300 billion to their debt offering to buy bitcoin earlier today and Rick Reider of BlackRock (the largest asset manager in the world) saying they are “dabbling” in bitcoin, price has shot up to new all-time highs very…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been another good weekend overall for the bulls as price slowly chopped its way up to the $50k level despite fairly benign technicals, a sign of the ongoing and persistent supply and demand imbalance which means the general bias is still to the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite it being a weekend the good news for bitcoin just continues to roll in as Morgan Stanley has announced that it is considering adding crypto to one of its multi-billion dollar funds, this on the heels of news that Apple Pay is now…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While a spate of good news involving Mastercard, BNY Mellon, Amazon, and PayPal UK sent the price of bitcoin to new all-time highs today, the breakout was unsuccessful and the market has since moved lower which tells us that the bulls aren’t yet ready…