Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following an absolutely brutal week of price action for risk assets across the board, including crypto, things are starting to stabilize a bit heading into the weekend, which is certainly good news for holders of these assets. Given the magnitude of the volatility over…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Given a lack of crypto-related newsflow right now and a generally consolidative environment as far as price action goes, the technicals continue to determine shorter-term directionality (or lack thereof) for both BTC and altcoins. BTC showed some minor strength yesterday before weakening back below…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin and crypto markets have stabilized over the past few days and are now slowly recovering back to the $40k region this weekend on improving short-term technicals and some decent news on the Greyscale ETF over the past 24 hours. While there could…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Weakness has once again overcome the bitcoin and crypto markets today pushing the BTC price back below $40k following a sharp but short-lived rally above that key level yesterday, a sign that the prevailing environment remains predominantly bearish for now. In addition to the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following the midweek crypto selloff that we saw over the past few days prices are now starting to stabilize at near-term support on positive news coming out of Bitcoin 2022 Conference in Miami, particularly for BTC and Lightning as we found out that both…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook While the bitcoin and crypto markets are pulling back from the recent local highs today as we expected earlier in the week, both the technicals and the fundamentals are suggesting that this intermediate-term uptrend is not yet over and that we should be trying…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a rather slow news week thus far and technicals that still leave something to be desired for the time being it comes as a bit of a surprise that bitcoin has moved convincingly above the $42k level so early in the week which…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Range-bound volatility continues to be the name of the game for bitcoin and the crypto markets this week as expected, although what was not anticipated was the resilience and fortitude of the bulls at the $38k level over the past 24 hours (which is…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Following a nice bounce to the upside yesterday on the back of US President Biden’s executive order on cryptocurrency, as well as a risk-on environment in stocks, the BTC price is selling off back below $40k today as expected on continued fears of war…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With tensions between Russia and the rest of the world continuing to escalate heading into the weekend due to the ongoing war in Ukraine, the “safe haven” bid has remained fairly strong for bitcoin despite increasingly worrying technical headwinds. We think this bid is…