Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With Election Day upon us in the US and the heightened uncertainty surrounding the event, we’re somewhat surprised at how well global risk assets are performing given what could be a contested election, not only in the presidential race but also in Congressional races…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the US dollar index firming up a bit to start this first week of November and some questionable technicals on the BTC charts due to an unconvincing breakout above $14k over the weekend, we think it makes sense that BTC is under pressure…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a week of ups and downs with little true progress in either direction, we think it was a very constructive week for the BTC bulls considering the substantial amount of sell pressure on the global equity markets that has continued into today. We…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bullish price action in the BTC markets yesterday was great news for the bulls from a longer-term perspective, there were a number of warning signs that emerged that made us cautious coming into today. First of all, price didn’t skip a beat…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook So far today has been a big day for the bulls considering that price has moved up to new local and regional highs following a hold of support in the high-$12,000’s yesterday thus confirming bullish market structure and putting the $13,880 high from June…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets were starting the week off on the right foot earlier this morning as price was getting close to breaking above the new regional high of $13,363 that was set over the weekend, and this strength was even more impressive given the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Not long after the previous update was issued on Wednesday the bulls pushed price up to a new local and regional high of $13,325, the highest daily close since early 2018, which is certainly a great sign for the bulls as we progress towards…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC has rocketed to the upside above the previous $12,473 regional high today on news that PayPal will be entering the cryptocurrency space in early 2021 by allowing users to buy, sell, and shop with bitcoin, bitcoin cash, litecoin, and ethereum. This sent prices…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Another day, another strong performance on the part of the bulls considering that they have had little trouble pushing price up to the $12,000 level as expected over the past 24 hours and current price action is indicating that an overshoot is likely before…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we head into this third week of October the chips are starting to stack up in favor of the BTC bulls considering that price was unexpectedly strong throughout the weekend and today we’ve seen a $400+ pop to the upside despite what have…