Market Analysis: Bitcoin (BTC) and Total Crypto Market Cap Soar to New 2019 Highs of $9,400 and $290 Billion Respectively

June 17, 2019  /  by Zachary Mashiach
The Bitcoin (BTC) market has become bullish after a bearish start to the month. On May 30, Bitcoin (BTC) briefly reached $9,000, before declining to support at $7,500 on June 6. After a few days oscillating near this support level, Bitcoin (BTC) began to consistently rise, and today, Bitcoin (BTC) reached a new 2019 high… Read more

Bitcoin (BTC) and Ripple (XRP)

June 17, 2019  /  by Bill Noble
We are breathing a sigh of relief that our bullish technical constructs in Bitcoin (BTC) are tracking. Looking at Elliot Wave work in Bitcoin (BTC) on BitMEX, a move to $10,000 may be unfolding (Figure 1). We see this rally in Bitcoin (BTC) accelerating. It is possible that this move higher could be an emotionally… Read more

Market Analysis: Bitcoin (BTC) Rises to $8,400 as Altcoins Drop Into the Red, Binance Banning United States Users Appears to Be Driving the Market Today

June 14, 2019  /  by Zachary Mashiach
In the early morning hours around 2-3 a.m. Eastern time, Binance updated its terms of service to indicate that United States users are not allowed to use Binance. Apparently, Sept. 12 is a hard deadline for when United States users will no longer be able to trade, but in the meantime, Binance says users in… Read more

Bitcoin Dominance and the Alt Scare, Binance Coin (BNB)

June 14, 2019  /  by Bill Noble
With the Binance news this morning about limiting access to U.S. investors, it seems appropriate to revisit Bitcoin (BTC) dominance.  Our previous view was that Bitcoin (BTC) dominance had topped. The assumption behind this view was that other big coins like Ethereum (ETH), Bitcoin Cash (BCH), and Litecoin (LTC) would rally and pull the small-cap… Read more

Market Analysis: Bitcoin (BTC) Rises as High as $8,300 This Afternoon, Crypto Market Mixed

June 13, 2019  /  by Zachary Mashiach
Bitcoin (BTC) managed to rise above the $8,200 resistance level today, reaching as high as $8,285 at 3 p.m. Eastern time. Bitcoin (BTC) has now pulled back to $8,230 however, which suggests that there is resistance at $8,300. The crypto market is waiting to see whether Bitcoin (BTC) can break through resistance and head towards… Read more

The Capital Flight Chart Pack: Monero (XMR), Bitcoin Cash (BCH), Gold

June 13, 2019  /  by Bill Noble
Recent geopolitical events are making certain charts in crypto and precious metals more important. News headlines of an apparent torpedo attack on oil tankers could inflame the situation with Iran. The Chinese banking system and U.S. trade ports are suffering from the trade war, potentially worsening U.S. relations with China. And then of course there’s… Read more

Market Analysis: Bitcoin (BTC) Rises to $8,200, Total Crypto Market Cap Gains $7 Billion, Litecoin (LTC) Rally May Have Ended

June 12, 2019  /  by Zachary Mashiach
The price of Bitcoin (BTC) has generally been rising over the past few days from $7,530 Monday evening to as high as $8,220 around 11 a.m. Eastern time today. Currently, Bitcoin (BTC) has pulled back a bit and is trading near $8,150. For over a week, Bitcoin (BTC) has been trading between support at $7,500… Read more

Saving Private Bitcoin (BTC)

June 12, 2019  /  by Bill Noble
Yesterday, a tweet circulated in the hedge fund community that had a deep impact on our current view of Bitcoin (BTC) and crypto in general. The tweet contained a list showing estimated values of global markets and economic statistics in comparison to Bitcoin (BTC). Here is the list: GDP: $80T Gold: $7.5T Funds: $18T Stocks:… Read more

Market Analysis: Bitcoin (BTC) Rises Back to $7,900 After Dropping to $7,700 Around Noon, Litecoin (LTC) Continues to Rally, Crypto Market Mixed

June 11, 2019  /  by Zachary Mashiach
Bitcoin (BTC) has been volatile today. Around 6 a.m. Eastern time Bitcoin (BTC) dropped from $8,000 to $7,800, eventually falling as low as $7,730 around Noon. Bitcoin (BTC) then rebounded to almost $8,000 at 4 p.m. but has currently pulled back to $7,900. Zooming out, Bitcoin (BTC) has been sideways and volatile for the past… Read more

Bitcoin (BTC), Ethereum (ETH), EOS, Litecoin (LTC): Deluxe Chart Pack

June 10, 2019  /  by Bill Noble
While this weekend’s Bitcoin (BTC) slump was a bit of a bummer, today’s recovery has helped maintain a positive technical outlook. Looking at Bitcoin (BTC) on BitMEX, XBT has held a big Fib support line near $7,500 (Figure 1). That could be a positive. Figure 1 Looking at Bitcoin (BTC) on BitMEX on a daily… Read more
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