Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook 2020 continues to usher in the unexpected, and this time it’s news that US President Donald Trump has been diagnosed with Covid-19 thus putting pressure on the legacy markets as uncertainty increases heading towards year-end, and we expected to see more downward pressure on…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Quite a way to start the month, and Q4, as bitcoin is selling off following news that the CFTC has charged the exchange with illegally operating a derivatives exchange and various AML (Anti-Money Laundering) violations, certainly not great for the crypto markets over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a horrific US presidential debate last night and some volatility in the US equity markets over the past couple of days, bitcoin continues to tread water in the $10,700’s on improving technicals and what should be more favorable seasonality in the month of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook A boring weekend of consolidation in the bitcoin markets was what the bulls needed heading into this week, and a rally in US equities and the precious metals markets have also helped the bulls to propel price above $10,900 over the past 12 hours,…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook No surprises in the bitcoin markets as we head into the weekend seeing as though price has stayed put in the $10,600 – $10,800 consolidation area as expected over the past 24 hours, and given the current technicals we still think that the near-term…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a pretty good day today for the BTC bulls as price has rallied up above resistance around $10,500 following a pretty bad day yesterday that saw a new local low of $10,138, so we think the bias has shifted towards the upside…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Stability has returned to the BTC markets today as support continues to hold in the low-$10,000’s while resistance remains fairly strong overhead, which is actually better news for the bulls than it is for the bears given the current technical setup, suggesting that more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC bulls are under pressure to start this last full week of September as weakness from the US equity markets and the precious metals complex (due to DXY strength) combines with technical deterioration following another failure around the $11,100 level to produce selling…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been fairly quiet in the bitcoin markets over the past few days as consolidation has taken hold in the high-$10,000’s which we actually think is fairly good news for the bulls heading into the weekend given weakness in the US equity markets today.…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the BTC price heading up to and above the $11,000 level today as expected the bulls are still in control at this time, although the new $11,100 local high is awfully close to significant short-term resistance right at that level while the near-term…