Bitcoin players are facing an interesting dilemma the next fews days, follow historical cycles or be realistic and look at supply and demand. July is largely seen as a period of rebound for BTC if we are to look at charts. This however may be dampened by the Mt. Gox bankruptcy story which could flush…
Bitcoin saw a massive sell-off Monday taking prices near the trigger a potential double top pattern in the weekly charts. Reports indicated an acceleration of unwinding of long bets for the crypto currency as the out flow from BTC ETF’s the past few weeks turned into saw a massive $210 million being liquidated in a…
News coming out of the crypto-sphere has been interesting sparking the early push up in Bitcoin prices as MicroStrategy, the world’s biggest holder of crypto currencies acquired another 11.9K of BTC. This pushes the business intelligence and software company further up in its lead of the largest bitcoin holder at 226,331 more than the entire…
Latest talk among Bitcoin ETFs continue to focus on outflows with the past week seeing only one Wednesday with a net inflow of a mere $100 million as against the consistent withdrawals of late. We are forced to ask has walls streets clientele wizened up about holding the bag when the music stops. While crypto…
Bitcoin saw a limited response to the US Jobs data though the conclusion of a delay in the US easing eventually saw it drop near the close. At this point we find it curious that major wall street firms are reporting huge inflows in their new bitcoin ETFs yet we are not really seeing new…
Bitcoin has been seeing tighter and tighter daily ranges even as research shows continued strong interest in the crypto space with trading volumes expanding. Latest news in the space highlights crypto’s wild wild west environment with DMM.com reportedly losing some $300 million in crypto assets. For now we continue to see sector rotation weighing on…
Bitcoin has been unable to find fresh wind ever since poor US data fueled the surge to 71911. News wise crypto in general continues to see market cap expand though the failure to push any higher in the grand daddy of crypto suggests two things, much of the fresh money is coming from the retail…
We may be seeing the end of the first up leg of the halving dividend for bitcoin. Absent any fresh catalyst to push crypto currencies higher we may fail to see a new high. We have little fresh catalyst to move crypto with most of the events that could be hyped already past. The only…
We appear to be in the process of getting a halving dividend for bitcoin as prospects of an easing in the US is fueling speculation of more entrants to the crypto sphere. This said any actual action from the Fed would not be until June 12 and even then we do not really expect a…
There is little in the way of fresh catalyst driving bitcoin as much of the issues surrounding the grand daddy of crypto currencies has been discussed and rehashed. The next big swing up would likely need a Fed inspiration, i.e. surpise rate cut this June. The more likely scenario of prolonged policy rates at current…