Search

Morning Brief

Daily BTC Analysis

July 30, 2021

Bitcoin is still aiming to set a new record for the most consecutive up days in a row. We have had 8 up days in a row, the most since 2015 (the record is 10, set back in 2013). Prices will need to close above $40,035 to register day 9.

Daily BTC Analysis

July 28, 2021

Matt Blom

Bitcoin has fallen back below $40,000 today, as the denial from Amazon of the impending acceptance of Bitcoin as a payment method came through. Prices returned to our support level of $36,500 before rallying once more, a sign that this move may be supported by more than just click-bait headlines.

Daily BTC Analysis

July 27, 2021

The rally started with the 'B-word,' has been spurred on by the 'A-word,' and if we're going backwards through the alphabet, I expect the 'Z-word' to return and mute the calls for a reignition of the bull market.

Daily BTC Analysis: The Weekender

July 26, 2021

Welcome to the Weekender: Your weekly round-up of all the news stories shaping the crypto landscape, as voted by our readers' clicks. This week's top click was the news the JPMorgan has given a go-ahead to its advisors to offer clients crypto fund services.

Daily BTC Analysis

July 24, 2021

On the day in which we witnessed the opening ceremony of the Olympics, which only comes around every 4 (well.... 5 years), Bitcoin rallied for a 3rd consecutive day, holding $31,000 and $30,000 as support and targeting $36,000. Bitcoin's 24-hour high was $32,915 and 24-hour low, $31,708.

Daily BTC Analysis

July 23, 2021

Bitcoin rallied for a second day in a row as the critical $30,000 level held, fueled by a rise in U.S. stocks, just as the Dow Jones rose 286 points (0.83%), and the Nasdaq a composite 0.9%. The 10-year treasury yield rose 7 basis points to 1.28%, continuing Monday's Covid fear rally.

Daily BTC Analysis

July 21, 2021

Bitcoin has continued to trade towards the lows last seen in June. The 3.5% drop seems to be a daily occurrence at the moment as the nervousness in the market builds. Stocks, namely the Dow Jones, have suffered their worst day of 2021, as earning season reveals that the expected bounce back from removal of global lockdowns is muted.

Daily BTC Analysis

July 21, 2021

Following yesterday's rally in the Dow Jones and S&P 500, today's Bitcoin price action offered a glimmer of hope to investors.

Daily BTC Analysis

July 20, 2021

Matt Blom

“Change is the only constant in life.” Heraclitus 500BBC. (Before Bitcoin – are you even a maximalist if you haven’t updated your calendar?)

Daily BTC Analysis

July 15, 2021

Inflation expectations in the US have jumped to 4.8% for the next 12 months. This is hardly surprising given the fed jacked up M1 money supply by 30% in the last year. Consumer debt levels are racing higher, the fed will hope this is due to pent up demand, because the alternative reason (people borrowing money to stay afloat) spells disaster for the predicted recovery.

Daily BTC Analysis

July 15, 2021

Bitcoin has fallen nearly 4% today, with the lower end of the trading range facing a fresh test of the bulls' resolve. Trading ranges, and especially Bitcoin trading ranges, stir strange emotions when prices reach the outer edges. The fear of a break out to the downside, or the hope of a rally to a new price point, make the support and resistance levels of ranges far more exciting than when prices are stuck in the middle and everyone is mildly bored.

Daily BTC Analysis

July 13, 2021

Day 17 of the $32,000/$36,000 Bitcoin trading range: Bitcoin moved lower today for a brief moment. The end.