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Daily Bitcoin and Crypto Analysis

Daily BTC Analysis

May 28, 2021

While traditional markets are steadily up, crypto markets are... steadily down? Well, not really, but it seems that BTC's attempts to break above the $40,000 handle have failed again and again. Currently, prices are still hovering in the upper and mid 30K's.

Daily BTC Analysis

May 27, 2021

Bitcoin traded above $40,000 again today, with the bears finding it an increased workload to keep a lid on prices. Consolidation above $38,800 is now likely, and with it, renewed vigor from the bulls as confidence grows and those on the sidelines return.

Daily BTC Analysis

May 26, 2021

Bitcoin climbed back above $40,000 for a few hours today in what was a short-lived attempt to ignite a rally to $42,200. However, momentum was lost and prices have since trended back toward support at $38,800. If the drama really is over, then it's likely we form a range between $36,400 and $41,000.

Daily BTC Analysis

May 25, 2021

Today we're celebrating absolutely nothing happening. It was a dull sideways trading day, in which Bitcoin has gone nowhere—flat is the new up.

Daily BTC Analysis

May 22, 2021

It was all going so well today—Bitcoin had bounced along inside its range and was just looking to move up through resistance at $42,180—when this happened.

Daily BTC Analysis

May 20, 2021

What a difference a day makes! Bitcoin rallied hard today, with prices back to the key $42,000 level. Once support, this level will now act as resistance for a re-energized market. With the continuous selling seemingly behind us, we are left wondering: What actually happened?

Daily BTC Analysis

May 19, 2021

The key $42,000 level was swept aside by the bears as selling pressure finally broke the auto-liquidations engines and saw $8B of crypto longs evaporate. The net effect? over $500B was wiped off the total market cap of the cryptosphere as Bitcoin dominance briefly moved from 40% back to 45%.

Daily BTC Analysis

May 18, 2021

Bitcoin has, so far, managed to maintain price action within yesterday's price range. The early rally has been met with selling, and prices are currently resting above the key support level of $42,200. We are at a crossroads: Its next move, either below $42,000 or above $47,000, is going to be big news.

Daily BTC Analysis

May 17, 2021

Today started with a glimmer of hope as an Elon Musk tweet confirming Tesla had not sold any of its Bitcoin holdings, sent the market on a $2,000 rally.

Daily BTC Analysis: The Weekender

May 16, 2021

Welcome to the Weekender: Your weekly round-up of all the top news stories, as chosen by you, our readers. Amazingly, and quite rightly, none of you gave Elon Musk any attention, which is more than can be said for the Bitcoin price, but such is the noise in price action. So, the biggest news of the week?

Daily BTC Analysis

May 14, 2021

While inflation concerns continue to grip the minds of investors, a decent amount of dip-buying still took place in the equities market. After three down days, it seems we had gone too far down, too quickly.

Daily BTC Analysis

May 13, 2021

Today feels less than jovial, both in traditional and crypto markets. In the former, rising bond yields and rampant inflation fears sobered elevated valuations, pushing equity indexes lower. In the latter, probably affected by the general risk-off sentiment, selling took place as well.