Crypto Research
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MARKET ANALYSIS After briefly falling below its persistent $9,000 support level on Sunday, Bitcoin finished the 7 days ending 7/6 at $9,375; up 1.7% on the week. Volatility over the past 7 days has been exceptionally low with Bitcoin trading between a low of $8,977 and a high of $9,375. Bitcoin remains firmly ahead of gold as the best performing asset class on a YTD basis. Bitcoin Cash led all...
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...