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Daily Bitcoin and Crypto Analysis

Daily BTC Analysis

March 25, 2021

We have a new leader in the 'highest Bitcoin prediction' league table. Unsurprisingly, it's Michael Saylor, and I think even Elon Musk, on a space ship, entering warp speed would still be lacking the adrenaline needed to call Bitcoin higher. I go to bed at night, *knowing* I don't own enough Bitcoin, and if the guy who owns 91,326 Bitcoin still doesn't feel he has enough, what hope is there for the rest of us? $5M per BTC was Michael Saylor's latest call, in case you wondered, my precious.

Daily BTC Analysis

March 24, 2021

We had an 'elon-gated' green candle this morning as, once again, Twitter proved it was the Reuters of crypto. Bitcoin's new champion must have been watching prices toy with support as his well-timed tweet sent BTC back to the relative safety of mid-range.

Daily BTC Analysis

March 23, 2021

Bitcoin continues to feel heavy. Overnight, our key support level of $53,360 held, but without recapturing $56,000, pressure will continue to build as traders look ahead to this Friday's options expiry.

Daily BTC Analysis

March 22, 2021

The weekend trading session was fairly uneventful. Prices moved slightly lower but held above support at $56,118. More telling is the market's inability to hold above $58,400. Today, we have seen support tested once again, despite an earlier rally that tried to recapture the $58,000 handle.

Daily BTC Analysis: The Weekender

March 21, 2021

Welcome to the Weekender, your weekly recap of the top news stories from the world of digital assets, as chosen by our readers' clicks. The most-clicked story this week hit on something dear to our readers hearts: Tax on profits!

Daily BTC Analysis

March 19, 2021

Bitcoin has struggled to get going today: A limited move to the upside has since seen prices track back to the middle of the range. As we head into another weekend trading session, Bitcoin, while sitting above $57,430, is poised to challenge the upside. We are currently sitting above last Friday's price levels and are waiting to see if Bitcoin can make it to a new ATH two Saturdays in a row.

Daily BTC Analysis

March 18, 2021

The punch bowl is in no danger of being removed from the party: Interest rates are going nowhere and the Fed have your asset-holding backs. Zero surprises, zero rates, and no doubt, more zero's to be added to the debt pile. No surprise then that Bitcoin liked the news and rallied post the press release. It's also no surprise that the market, once drunk on these headlines from the Fed, is now looking at the longer term implications of the ultra loose monetary policy stance. Given a night to sleep on it, bonds have made a turn, with yields rallying and tech stocks trading on the back-foot.

Daily BTC Analysis

March 17, 2021

Global financial markets are poised and ready to react to the Fed Chairman's speech this afternoon, with markets tracking sideways, awaiting further clarity on the Fed's famous dots, and the potential chance of an interest rate rise sometime this century.

Daily BTC Analysis

March 16, 2021

The most interesting thing to happen today has been the spat between 2 of my favorite data providers. Yesterday, I highlighted the inflow to Gemini and subsequent price retracement from our current ATH.

Daily BTC Analysis

March 15, 2021

Instead of starting the week celebrating the new ATH, which now sits at $61,788, traders are today wondering what just happened.

Daily BTC Analysis: The Weekender

March 14, 2021

Welcome to the Weekender, your weekly recap of the top news stories from the world of digital assets, as voted by our readers clicks. First up this week is the news that JPMorgan is to launch a ‘Cryptocurrency Exposure Basket’ of Bitcoin Proxy Stocks.

Daily BTC Analysis

March 12, 2021

A quiet end to the week has seen Bitcoin retreat from the prospect of claiming a new all-time high today.