Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given the forecast from a few days ago in addition to the slow news cycle since the Tesla announcement it comes as no surprise that bitcoin has pulled back from the $48,216 all-time high recently and is now consolidating in the mid-$40,000’s as the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It has been a very good day in the bitcoin markets as Elon Musk came out this morning saying that Tesla has purchased $1.5 billion in BTC as a treasury asset and plans to accept it as payment for its products in the near…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow day in the legacy markets with little in the way of headline news regarding bitcoin or crypto other than an announcement by Visa, we’re pleasantly surprised that price is already approaching the $38,000’s, an area that was mentioned in yesterday’s update.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are moving higher today despite strength in the US dollar and weakness in the precious metals complex, no doubt a good sign for the bulls moving forward. It also doesn’t hurt that long-time bitcoin bull and Ark Invest founder and CEO…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With GameStop, silver, and WallStreetBets dominating the news cycle this first day of February, bitcoin remains under the radar and fairly stable which is what we expected and what we think is the most healthy thing for the market at this time. The more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a wild 24 hours in the bitcoin markets with price rising all the way up into the $38,000’s earlier today, a move that started yesterday on the back of news that Ray Dalio of Bridgewater is considering adding BTC to new funds.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With weakness permeating the US stock markets today and the US dollar strengthening on the back of a safe haven bid, it comes as no surprise that bitcoin has seen some selling materialize as well. Price moved down to new local lows below $30,000…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are under a bit of pressure today on the back of a report out of JP Morgan stating the liquidity risks to BTC should Tether see a loss in confidence and/or an investigation by the government, concerns that we think are…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets continue to consolidate in the low-$30k’s as we begin this final week of January, which is actually fairly good news for the bulls given some concerning near-term signals that we discussed over the weekend. It is also good to see that…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The recent rebound off of the new $28,800 local and regional low from Thursday afternoon has been fairly impressive on the part of the bulls but comes as no surprise given the amount of support below $29k that we mentioned heading into this weekend.…