Header logo
  1. Research
  2. Crypto Research
  3. Comments

Favoring Bitcoin in the Near-Term

Apr 16, 2024
Author
Sean Farrell
Sean Farrell AC

In today’s video, we’ll discuss the nature of the recent weekend’s drawdown and the opportunities it may create. We believe it’s prudent to remain cautious in the short term and favor an overweight position in BTC and BTC-related assets. We anticipate that the month-end QRA and FOMC meeting could provide some relief for risk assets.

Favoring Bitcoin in the Near-Term

Reports you may have missed

Bitcoin Coins With Global Trading Exchange Market Price Chart In The Background

Today's crypto bounce is promising, but we'll break down the key signals—like volume and put/call skew—that need to improve for stronger conviction in follow-through. TICKERS IN THIS VIDEO: BTC 0.96%

BTC 0.96%
The importance of 8K and 10K for BTC – Key levels for ETH and ADA

In today’s video, we examine how crypto is exiting a historically weak seasonal period, how the rate of change of credit spreads matters more than the absolute levels, and why we remain cautious on crypto in the near term. TICKERS IN THIS VIDEO: BTC 0.96%

BTC 0.96%
Electronic Computer Processor Board

In today's video, we discuss the significance of the House's bipartisan rejection of the DeFi broker rule, why we suspect MicroStrategy's buying might have been a key catalyst behind today's rally, our concerns about the unsettling move in high-yield credit markets, and key developments we're monitoring closely for the remainder of this week. TICKERS IN THIS VIDEO: BTC 0.96%

BTC 0.96%
Cryptocurrency And Stock Market Business Concept

As we patiently wait for signs of a crypto market turnaround, we highlight two key bright spots—strong high-yield credit performance and an impending MSTR bid. TICKERS IN THIS VIDEO: BTC 0.96%

BTC 0.96%

Stay up to date with the latest articles and business updates. Subscribe to our newsletter

Articles Read 1/2

Enjoyed the read? Subscribe now for unlimited access!

Get invaluable analysis of the market and stocks. Cancel at any time.

Already have an account? Sign In