Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Aaaaaand, we’re back! After two weeks of phenomenal coverage of the cryptocurrency markets by Mr. A, Mr. W is back at the office and back at the charts. While there’s obviously been volatility in the $40k’s during the break, the resilience of the market…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin continued to consolidate against the lows and provided us with some upside in the price action.  This action is certainly bullish in nature, and very nice to see especially during this period of increased downside risk near the end of this 60 day…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook Bitcoin continues to consolidate against the lows after the correction from the $51.6k resistance level we were looking at for two weeks.  The news cycle remains slow for now, so what happens in this consolidation after the bullish correction continues to be driven by…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook On a mixed news day that includes headlines that billionaire hedge fund manager John Paulson calls crypto a bubble and bitcoin worthless while at the same time FTX.US receives CFTC approval for US-based crypto derivatives, it comes as no surprise that price is languishing…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a range-bound but bumpy ride for the bitcoin markets over the past few days as rallies continue to get sold and dips continue to get bought, which is actually probably not a bad thing for the bulls heading into next week considering…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook The bulls continue to control not only the price action in the bitcoin markets but also the broader narrative surrounding crypto as companies such as Visa begin to get involved in alternative assets such as NFTs. Meanwhile, the charts are still supportive of more…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been a tug-of-war between the bulls and bears over the past few days with the bulls eking out slight gains above $48k heading into this week, so it appears as though the bulls still have a slight advantage for the time being. Having…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook With little in the way of news heading into another sleepy summer weekend, in addition to still fairly benign near-term technicals, it comes as no surprise that the bitcoin markets are relatively flat compared to where they were a few days ago during our…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook After continuing to rally up to and above our $45k target yesterday, the bitcoin market has been slowly bleeding to the downside recently as profit-taking begins to take hold. We also have a resolution on the US Infrastructure bill that caused so much controversy…

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Crypto Market Commentary & Outlook Bitcoin (BTC) Technical Analysis & Outlook It’s been another surprisingly strong 24 hours for the bitcoin market as heavy technicals late yesterday were only able to push price back down to the low-$37k’s where we saw a swing failure pattern and a bullish reversal candle that has propelled price convincingly…

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