Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While it’s mildly discouraging to see the bulls fail to push price above $10,500 before the weekend, we’re not all that surprised given the mixed US equity close yesterday as well as the weakness in precious metals so now the forecast calls for more…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Encouraging price action, improving technicals, and a still favorable macro backdrop are all good signs for the bulls heading into the upcoming weekend, so we think there is a good possibility of a move above resistance at $10,500 at some point over the coming…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It comes as no surprise that BTC is acting well today from a price action perspective given the strength we’re seeing in US equities, as well as the stability in gold and silver, however it was a bit of a surprise that the bulls…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the BTC bulls were unable to successfully defend the old $9966 regional low from late last week over the holiday weekend like we had hoped, they were able to keep price generally around $10k despite some brief spikes below $9900. This action has…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a brutal couple of days for the BTC bulls as a string of bad news events, weakness in traditional markets, and technical exhaustion at $12,000 all combined into a perfect storm that took price briefly below the $10k level more than once…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The BTC bulls were in fairly good shape this time yesterday as price was pushing through $12,000, however a failed breakout combined with news out of Korea of a raid on Bithumb (the biggest Korean exchange by far) has sparked a selloff back into…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook So far, so good in terms of our forecast from Saturday seeing as though price has been grinding slowly higher over the past few days as expected but still doesn’t look ready for a sustainable breakout above $12,473 due to questionable technicals and unconvincing…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin bulls have surprised us over the past few days as they were somehow able to defend the $11,112 regional low on Thursday and since then they have been slowly pushing price up to  the $11,500 area which is where consolidation has taken…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the global macro backdrop continues to be favorable for the BTC bulls given the Jackson Hole speech by Fed Chairman Jay Powell in which he essentially said that they would let inflation run hot moving forward, the near-term price action and technical setup…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Once again the bulls were unable to take advantage of a potentially favorable technical setup early in the week, likely due to continued near-term uncertainty re: precious metals and the dollar, which gave the bears an opportunity to make an impact yesterday by pushing…