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…
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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…
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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…
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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:…
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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…
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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…
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June 7, 2019 / by Zachary Mashiach
Bitcoin rose from $7,500 at 2:30 p.m. Eastern time yesterday afternoon to as high as $8,135 at 2:30 p.m. today, a $635 (8.5%) increase in 24 hours. Simultaneously, the total crypto market cap gained $19 billion, rising from $242 billion to $261 billion. Bitcoin (BTC) encountered resistance near $8,100 however and has pulled back to…
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June 7, 2019 / by Bill Noble
This morning, legacy financial markets were forced out of denial regarding the state of the U.S. economy. Job growth slowed notably for the first time in a while. As is always the case with legacy markets, bad economic news is seen as “good” because the stock market expects rates cuts and money printing from the…
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June 6, 2019 / by Zachary Mashiach
Bitcoin (BTC) has had a volatile past 24 hours. At midnight Eastern time, Bitcoin (BTC) was just below $7,900. Around 8 a.m., Bitcoin (BTC) began to decline, dropping to as low as $7,500 at 2:30 p.m. Bitcoin (BTC) managed to rebound in the past couple of hours, however, and is currently trading near $7,700. It…
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June 6, 2019 / by Bill Noble
Yesterday, socialist leaning presidential candidate Bernie Sanders ‘crashed’ the WalMart annual shareholders meeting. Towards the end of his remarks, Sanders called on WalMart to pay its employees a living wage of $15 per hour. Sanders was quoted as calling current WalMart wages ‘starvation wages.’ He also noted the bitter irony that the Walton family that…
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