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Bitcoin is in a consolidation phase in December, using the $42,700 average level as a pivotal point The significant surge in value fueled by spot ETF news in 2023 appears to have been absorbed by the...
A year ago, the Bitcoin price was sitting at $16,837. Over the following 12 months, the flagship cryptocurrency staged a 160% comeback. Several factors helped BTC orchestrate its impressive recovery,...
Bitcoin (BTC/USD) has seen strong performance in 2023, rising as much as 28,470 points or 172% as of December 18.At the recent trend high of 45,000 bitcoin was up by 20,100 or 81% from the September...
Like the market in general, Bitcoin has notched a strong ending to 2023 after trading rangebound for most of the year. If today were the last day of 2023, the king of digital assets would have...
Two weeks ago, see here, we showed, by primarily using the Elliott Wave Principle (EWP), that a local top for Bitcoin was approaching and found, “Thus, W-3 should ideally reach around $39500,...
Over the last month, we have been anticipating a local top for ETH/USD at around ideally $2150-2330. On our previous update from two weeks ago, see here, we found by using the Elliott Wave Principle...
Intriguing developments are unfolding in the global financial markets, and a clear polarisation is materializing among investors.On one hand, there are investors looking to take on risk; the S&P...
In Q3, the U.S. economy outpaced expectations, experiencing robust growth with an annualized GDP growth of 5.2%.This surpassed the estimate by Dow Jones of 4.9% by a good margin and should be...
Bitcoin concludes November on a high, continuing its two-month upward trend, reaching the upper band of the rising channel, and encountering resistance around $38,000. The critical support level at...
The Bitcoin price has continued to move in a sideways pattern for the past number of days, and this is despite the fact that we have seen the Fed dialing down their hawkish tone by a small margin....
November has seen notable developments for major Altcoins, with Ethereum, Avalanche, and Chainlink forming price squeeze patterns. Ethereum's symmetrical triangle suggests a potential breakout above...
In our last update from three weeks ago: see here, we found by using the Elliott Wave Principle (EWP) that ETH/USD “Rally from the October 12 low, should be wrapping up its last (blue) W-iv and...
This week, significant events in the crypto space garnered a surprisingly calm market response Initial panic subsided within 24 hours as the market digested a potential power shift in the...
The last week has been filled with more management drama than I can remember for any individual week.Most notably with the back-and-forth between OpenAI and Sam Altman, who first got fired and later...
From its November 2022 low to its recent high, Bitcoin is up 145% within 12 months. But of course, it wasn’t easy to ride this rally if you didn’t have a good entry or are a long-term...