Price and sentiment have been undecided between bull and bear. Rate hikes, inflation fears and a strong dollar might drag the crypto market down. But recently sentiment has been becoming a little bullish in the last days. CryptoCaptain’s algos will keep you posted once they identify a good opportunity.
Bitcoin and the crypto market are fighting resistance and continue their sideways trend. CryptoCaptain uses boring market times to develop new industry-leading quantitative investment products to deliver in our mission of making accessible hedge-fund invesment approaches for everyone.
Bitcoin and the crypto market have continued their downtrend. Amid this downtrend the overall narratives and value propositions of crypto have not changed. Adoption of crypto continues to rise. Markets that look like they are going to hell mark good times for buying for the ones having the conviction and for believers with a mid-to-long-term investment horizon. We discuss ways to take advantage of cheap coins and of getting into the market safely.
Each plunge in this downtrend has been a little less deep than the former one. That is, there is still a lot of interest in buying crypto.
An often cited onchain analysis, the Entity-Adjusted Dormancy Flow, shows that a potential bottom may have been reached in the current downtrend. At least historically, its current reading has well marked market bottoms.
State of the market The downtrend in the crypto market has been continuing as Bitcoin has crashed through $46k support and is now at a cruicial higher time frames support level of $42k. Despite being recently stronger than Bitcoin, Ethereum also did not hold $3600 and crashed towards $3200. What caused the crash? A driver …
In this weekly Bitcoin chart, you can see that Bitcoin recaptured the 51k level and it looks like the recent downtrend since mid November might be broken. Pretty comparable to the change in trend in the end of July and end of September when the bull market resumed. Raoul Pal and others suggested that a …
State of the market Crypto markets keep consolidating this week and Bitcoin’s price trend is leading downwords as it still creates lower highs. However, important levels of support held so far as Bitcoin hovers still above $47k. Inflationary environment and counter measures A cruicial event this week has been the FOMC meeting, in which interest …
State of the market Bitcoin is still in a downtrend and probably is about to further consolidate throughout the rest of the year. A test of lower price levels around $42k to $43k seems possible and as long as its stays above that level, the outlook for Q1 of 2022 remains bullish. A drop to …
State of the market In this week, Bitcoin kept trending south, making lower highs on the chart. $56k held as support (see the blue line). But $60k could not break so far. Breaking $60k would be clearly a bullish signal. However, we are not there (yet). Thus, the market is a bit boring right now. …
This week we see bearish pressures mount against Bitcoin price dropping the digital currency giant to below April ATH and with even more probability of sharp short-term pullbacks. Bitcoin registered two consecutive ATH latest being in the region of $69,000 on the 10th of November. The landscape changed afterward, with the crypto assets plummeting downwards. …
Read moreOver $100 Billion Market Cap Lost In the Past 24 Hours, Will The Bears Prevail?
Following a sudden crash to the $56k region this week, Bitcoin has regained over $4k in the last 24 hours with ETH also painting a new ATH at $4,400. BTC is still in the corrective phase while ETH seems to garner all the attention and out-performing BTC in the short term. Despite the short-term weakness, …
Read moreFollowing A Flash Price Crash, Bitcoin Reclaims The $60k Levels As Trend Remains Bullish
The third week of Q4 sees Bitcoin finally breaking ATH and now officially going for fresh price discovery. This is a result of positive developments from the first-ever SEC-approved futures-backed Bitcoin ETF. Even though Bitcoin has charted a new ATH, It is still an early bullish signal, and not enough to fully confirm the breakout. As …
Read more$64k ATH Shattered; Early Bullish Signals But Bitcoin Price Breakout Not Yet Confirmed
Bitcoin has maintained an impressive price rally over the past couple of days, currently aims at a potential new ATH in the coming days. With near-term technicals being slightly cautious, Bitcoin maintains a bullish trend. After 6 months of hiatus, Bitcoin is on the verge of hitting $60k levels. Hours after good reports of the …
Read moreInches Towards A New ATH: Reports Of Bitcoin Futures ETF Approval Helps Price Surge
Bitcoin marked its highest price climb since mid-May this week with a number of altcoins following suit. Approximately a week ago, Bitcoin struggled below $45k price but impressive gains adding up to 35% in value, this week sees Bitcoin reaching for new ATH. Q4 started on a good note when Bitcoin broke above a descending …
Read moreBitcoin Bulls Finally Zero-Out The Bears, Aims For New ATH
‘Uptober’ Bitcoin shoots despite being in the $41k-$43k region the entire trading week. An abrupt upside sees a fall of the resistance level and price explode to $47k for the first time since mid-September. Fed Chair Jerome Powell reassuring that the US has no plan to ban cryptocurrencies has help the entire crypto market to …
Read moreFinal Quarter of 2021 Looking Promising As Bitcoin Pokes $48k
Last week was dominated by fear and uncertainty in the crypto market, as Bitcoin took a major dip, dropping to as low as $39,600 and breaching the $40k support levels. Though Bitcoin quickly bounced and is trading at over $42k at the time of putting this article together, the crypto market has been left in …
Read moreBitcoin Making A Recovery Despite Activities In China Intensifying FUD. Is 50k Level Next?
A recent price surge of the digital currency giant led to the formation of the Golden Cross a phenomenon known to historically trigger the price surge of Bitcoin. As investors are anticipating a reoccurrence of Bitcoin price increase, could the Golden Cross propel yet another bull-run? The Golden Cross, a phenomenon known to have historically …
Read moreThe Stage Is Set For Another Bull-Run As Golden Cross Takes Place, $50k Retest Loading?
Having failed to breach $47,000, Bitcoin went through a rollercoaster this week following a price slump from over a 4-months high of around $52K on the day El Salvador official made Bitcoin a legal tender in the country. Though BTC recovered several thousand, it has failed to breach $47k since then. BTC lost over $10k …
Having made an inter-day push above the 50k critical level yesterday, Bitcoin is finally seen to be making a fresh attempt to go above the 50k price mark, a feat the crypto giant achieved on the 23rd August but became choppy ever since until today. While some investors remain doubtful if Bitcoin will maintain or …
Read moreBitcoin Overcomes $50k Price; Is The 60k Psychological Levels Next?
A week of euphoria for crypto traders and Bitcoin enthusiasts turned to one of mixed feelings after Bitcoin bulls attempt to go beyond $50k for the first time in over 3 months was met with rejection. With short-term technicals turning bearish, traders are left wondering if this is a healthy correction. Bitcoin lost over $3k …
Read moreLatest Bitcoin Correction: A Bear Surge or Just Another Healthy Correction