Crypto Research
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MARKET ANALYSIS After Bitcoin’s price briefly dipped below $9,000 on Saturday, gains on Sunday pushed it back above $9,000 into the lower band of its $9,000-$10,000 trading range that has persisted since the halvening. This ended its longest streak of daily losses (5 days) in over half a year. Prices last declined for 5 consecutive days in early December 2019. Bitcoin remains firmly ahead of gold as the best performing...
CRYPTO SELL OFF WITH MOST RISK ASSETS - Cryptocurrencies broadly sold off today along with most risk assets raising the question of whether a bigger correction is developing. _WHILE A DEEPER CORRECTION IS ALWAYS POSSIBLE IT IS PREMATURE TO TECHNICALLY CONCLUDE BTC’S MAY-JUNE TRADING RANGE IS MORPHING INTO A DOWNTREND._ KEY TECHNICAL LEVELS FOR BTC – The long-term trend for BTC remains positive with a move above 10-10.5K resistance needed...
MARKET ANALYSIS Closing at $9,304 on Tuesday evening, Bitcoin remains firmly within its $9,000 - $10,000 trading range that has persisted since the May halving. Heading into the back half of the week, all eyes are on the options market as an estimated $930M worth of bitcoin options, accounting for about 70% of total open interest are set to expire on June 26th. Bitcoin remains firmly ahead of gold as...
