Crypto Research
211 Results
MARKET RECAP: NEW ATHS & CONTINUED VOLATILITY Bitcoin rallied to a high of $58,367 on Sunday before commencing a 23% sell off down to $44,888 yesterday morning and bouncing to its current price of $48,770. In our view, the recent move is nothing more than a nice healthy correction and we think recent events have de-risked the market. We continue to believe the fourth crypto bull market remains intact and...
As we noted last week, Tesla recently announced it had added $1.5 billion of Bitcoin to its balance sheet. The announcement came less than two weeks after Elon Musk added Bitcoin to his Twitter bio, an act that caused a huge buzz amongst crypto enthusiasts. Tesla’s Bitcoin purchase adds to the growing list of public companies that are buying and holding Bitcoin in their treasuries. Source: https://bitcointreasuries. org/ Excluding Tesla,...
Tesla news sent Bitcoin and crypto soaring this morning. We see this as an important moment for market validation but are not surprised by the move. In our 2021 CRYPTO OUTLOOK report we saw corporate crypto buyers as a key catalyst for demand (slide 19: factor #16) and reason for raising our price target on Bitcoin from $40k to $100k. We’re reiterating our bullish view on crypto. ● TESLA $1.5...
THIS MESSAGE IS BEING SENT SOLELY TO CLIENTS OF FSINSIGHT Last Thursday, we held our FSInsight 2021 crypto outlook call and made three bold predictions:We raised our price target on Bitcoin from $40k to $100k.We reiterated our $10.5k Ethereum price target released on 1/20/2021.We forecasted the total crypto market cap to rise to $5T. Source: FSInsight OUTLOOK IMPLIED CRYPTO MARKET EXPECTATIONS While prices have risen a bit since our call...
Ethereum Hits New ATH: Maintaining OW & Issuing $10.5k Target As Web 3.0 Blockchain Computing Looks Set To Disrupt The Cloud
For a full copy of this report in PDF format, click this link. Ethereum (ETH) reached a new all time high of $1,440 today, passing the previous high set during January 2018 at the peak of the crypto bubble. We’ve been recommending an overweight in Ethereum since April 2020 and continue to see upside. We continue to believe Ethereum fundamentals are incredibly strong and think ETH represents the best risk /...
After raising our outlook 50% from $25,000 to $40,000 on December 30th, Bitcoin quickly rose to reach our target late last week. Prices then started to consolidate and slide over the weekend before retracing ~25% down to ~$30,000 and now rebounding to ~$33,800. Bitcoin and crypto are volatile assets, but the speed at which prices moved to hit our target was quite fast and we think a pull back is...
For a full copy of this report in PDF format, click this link. KEY SLIDES FROM THIS REPORT… BAD NEWS IS NO NEWS WHILE GOOD NEWS TAKES BITCOIN HIGHER (SLIDE 2)... INTERVIEWS WITH KEY OPINION LEADERS OFFER INSIGHTS INTO WHAT IT MEANS FOR MARKETS (SLIDE 7)... KEY OPINION LEADER TAKES - LEGAL INSIGHTS: CARLTON FIELDS (SLIDE 8)... KEY OPINION LEADER TAKES - CAPITAL MARKET INSIGHTS: GENESIS (SLIDE 10)... KEY OPINION LEADER...
For a full copy of this report in PDF format please click HERE. MARKET ANALYSIS This week, Bitcoin gained some ground but largely still exhibited choppiness as it consolidated above $10,000. As of yesterday, Bitcoin has closed above the key level of $10,000 for 64 consecutive days, which is an all-time high. The previous all-time high was 62 consecutive days back in 2017-2018. At time of writing, Bitcoin is currently trading...
For a full copy of this report in PDF format please click HERE. MARKET ANALYSIS This week, Bitcoin briefly traded above $11,000 before losing ground and ending the week down 1.9% at $10,455. Bitcoin has been exhibiting greater short-term correlation with the broader markets, which could be the primary reason for Bitcoin’s weakness in recent weeks. At time of writing, Bitcoin is currently trading at ~$10,500. Notably, Bitcoin’s decline corresponds with...
For a full copy of this report in PDF format please click HERE MARKET ANALYSIS Following last week’s downside volatility, Bitcoin stabilized and regained some ground finishing the week ending 9/14 up 2.8% at $10,663. Bitcoin currently sits around ~$10,850 and seems poised to retest $11,000. Bitcoin is still down double digits this month (-10%) alongside oil and commodities. Historically, September has been Bitcoin’s worst performing month. Amongst all the...
For a full copy of this report in PDF format please click HERE MARKET ANALYSIS Following a quiet August for Bitcoin price action, the asset sold off from its highs around $12,000 to as low as $9,946 on Saturday, before climbing back above $10,000 support and ending the week around $10,400. For the 7 days ended 8/7, Bitcoin was down 11.2% and now sits around ~$10,250. Despite its meaningful sell-off, Bitcoin...
For a full copy of this report in PDF format please click HERE MARKET ANALYSIS Early in the week, Bitcoin dipped testing $11,000 as support before rebounding and ending the week only slightly down (-0.8%) from the week prior at $11,678. August is only the second month in Bitcoin’s history that it traded above $10,000 for the entire month. Bitcoin continues its 2020 outperformance compared to all major asset classes....
