Sive Morten Blog

CRYPTO * FOREX * GOLD

Slowly but stubbornly, we’re coming to the end of 2020.  Just a few months ago, we discussed our long-term plan and the direction of Bitcoin’s progress. All points that we’ve announced now are becoming a reality. Indeed, institutional investors’ participation becomes something ordinary, while just a year ago, this was only rumors around it. Miners …

Continue reading “Bitcoin Fundamentals Briefing, November 2020”

October may end up being one the best months of 2020 for Bitcoin! Technical performance has been excellent, with all main indicators standing positive (hash rate, open interest, mining activity, transaction value, etc.). As a result of various factors, we have even had a major upside breakout over the 11-12K area, finally! Not only is …

Continue reading “Bitcoin Fundamentals Briefing, October 2020”

In September, the major factors driving cryptocurrencies in general, and Bitcoin in particular, were and continue to be the same as those moving other markets (e.g., stocks, bonds, FX).

August has been a relatively quiet month for Bitcoin and some traditional markets. The price challenged the 12K level at the beginning of the period but has remained within a tight range since then. Does this indicate a drop in investors’ interest or energy building up for an explosion?

Instead of an Intro This month Bitcoin has been quiet, too quiet – more than we have seen in a very long time. And this “silence” is causing concern in the market. Sometimes, this can lead to various forecasts and expectations. Meanwhile, the correlation between Bitcoin and the S&P 500 has increased significantly. According to …

Continue reading “Bitcoin Fundamental Briefing, July 2020”

It is a bit surprising, but June was a relatively quiet month for the market, both from the fundamental and technical perspective. Technically, after hitting our predicted target of 10K on the daily chart last month, Bitcoin showed minor retracement, less than 3/8, and coiled within a narrow range for three consecutive weeks

This month is becoming a turning point for Bitcoin. The price is showing 3X the growth to 9K level, and everybody is asking the same question, “Is this a new long-term bull trend or not yet?”

2020 has been a unique and interesting time for all markets, and especially for Bitcoin and cryptocurrencies. The reason is very simple: This is the first time that cryptos have been subjected to such extreme market conditions. The current crisis has put many myths and assertions to the test, the most important one being that digital currencies are safe-haven assets that share features with gold.

Mad Dash for Cash – March 2020 An analysis of the Bitcoin market is neither simple nor easy at the moment, mostly because the forces at play extend well beyond the crypto sphere. The dive that we are experiencing applies to all markets – equities, commodities, even gold. This is one of those times in history …

Continue reading “Bitcoin fundamentals briefing – March 2020”

The Bitcoin market was surprisingly quiet in the first two months of 2020. While other markets, especially gold, are feeling the effects of the coronavirus panic, cryptocurrencies are maintaining a tight trading range and a medium-term bullish sentiment. The general backdrop has not changed much since December, but there is no way of knowing what …

Continue reading “Bitcoin fundamentals briefing, February 2020”