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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

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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”

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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?”

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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”

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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).

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