Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Although our hope for directional clarity has yet to materialize as we begin this last week of August, the fact that the bulls have been able to push price off of the low from last Friday is a good sign seeing as though this…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin markets continue to tread water in the high-$11,000’s as expected, the bulls aren’t showing the strength that we thought they would over the past 24 hours which actually isn’t surprising given that the gold and silver markets are mixed as well heading…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook No surprises in the bitcoin markets over the past few days as price moved down into the $11,500’s yesterday before finding a bottom and reversing back to the upside today, and now the technicals and price action are telling us that the bulls are…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook As we suspected might be the case yesterday, the bitcoin markets indeed needed to pull back to establish new near-term support before another leg higher materializes, which is what has happened over the past several hours. While we think this action is generally bullish…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It only took a few days after our update on Saturday for the bitcoin bulls to take out the $12,100 level on a convincing move with volume behind it that appears to be a continuation of the medium-term uptrend that likely ends up in…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin has had a good weekend so far and is knocking on the door of regional resistance at the $12k level on favorable price action and supportive technicals, so there is a good chance that the $12,100 regional top is taken out in the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook BTC/USD is still treading water around the $11,500 level today as expected thus we think similar conditions are likely to persist into the upcoming weekend, and the technicals are confirming this outlook as we will discuss below. Having said that, we do like the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Things were looking good for bitcoin coming into today as price had indeed consolidated all weekend as expected before another test of the $12k level yesterday, although said move was rejected back to the downside today which is not great for the bulls over…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While BTC/USD indeed continued to push to the upside yesterday as expected, the bulls were unable to break into the $12,000’s as resistance remains too strong in that area. This led to a sharp selloff all the way down to the $11,219 level earlier…