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

Market Analysis: Bitcoin (BTC) Rises from $7,500 to $8,135 Before Pulling Back to $8,000, Litecoin (LTC) Rallies Over 10%, Total Crypto Market Cap Gains $12 Billion

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… Read more

Bitcoin (BTC) Beach Bet?

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… Read more

Market Analysis: Bitcoin (BTC) Drops to as Low as $7,500 but Rebounds to $7,700, Crypto Market Generally in the Red, Tezos (XTZ) Rallies 19%

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… Read more

A Living Wage in a Currency that Works: Crypto

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… Read more