Crypto Updates

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With the legacy markets under pressure coming into this mid-July week, it comes as no surprise that bitcoin and the crypto markets are heavy as well despite news that Jack Dorsey, Elon Musk, and Cathie Wood will be having a discussion at the “B”…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With BTC prices continuing to consolidate in the low-$30k’s while the summer doldrums remain in full effect it’s not helping matters that newsflow is still slow and mixed heading into the low liquidity weekend, all of which will likely keep the current regime of…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The Summer chop continues as the news cycle is filled with regulatory FUD and bearish calls. Everything is moving as we expected early in the Summer.  BTC continues to move sideways and chewing up the inexperienced traders who are attempting to profit from a…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow summer news day with very light trading volumes price is defaulting to its bearish shorter-term bias with price bleeding below the $33k level on weak technicals and poor sentiment, so we think our plan of staying on the sidelines remains the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Undeterred by loud-mouthed international organizations and following in the footsteps of El Salvador, Paraguay plans to introduce BTC legal tender legislation on July 14th which is another fundamental catalyst for long-term growth moving forward. It’s also nice to see price action stay relatively stable…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Amid renewed regulatory uncertainty in the US and a selloff in the broader financial markets, it comes as no surprise that weakness has also permeated crypto as investors move to safer assets. There may also be some anticipatory selling ahead of the large Grayscale…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin has continued to chop up traders in a sideways fashion throughout the lower liquidity holiday weekend. The fact we did not break down during the weekend is an encouraging point and it shows accumulation is occurring at these levels. This is confirmed by…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a slow news day in the middle of summer before a long holiday weekend it makes sense that the bitcoin markets are treading water in the low-$30k’s on relatively low volatility and low liquidity, a trend that we expect to continue over the…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bitcoin markets are under pressure to the downside today, which comes as no surprise given our fairly negative take yesterday on the CMU Video due to still very uncertain technicals and a shorter-term fundamental outlook that remains challenged due to Grayscale, China, and…

Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Despite a shaky start to the weekend the bitcoin markets ended up in a fairly bullish position coming into this week, and this positive upward action has continued into today carrying price all the way up to regional resistance in the mid-$36,000’s on strengthening…