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.
Market volatility is caused by any form of uncertainty which could influence the value of an asset. Two important drivers have been (1) shifts in regulation regarding cryptocurrencies, and (2) adoption of crypto currenices in real-world use cases. Market volatility may sound intimidating, but so long as you know how to invest properly, this volatility might end up in your favor.
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. …
State of the market After a relief rally taking Bitcoin to $59k and some altcoins showing also some nice relief rallies, we observed a hefty drop all across the crypto market today. Bitcoin erased all its relief gains and printed new lows around $53.5k. Ethereum dropped to $4k. Ethereum still looks a bit stronger than …
How does investing in crypto actually compare with traditional assets? We compare investing in crypto to traditional asset classes like stocks, bonds, forex, and gold. Key differentiators are given by the inherent volatility, regulation, but also opportunities.
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 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
The flagship cryptocurrency, Bitcoin, continues to struggle this week as the asset dropped to a 19-day low of just over $31,000. Altcoins suffer a downtrend as well, with ETH below $2,000, DOGE dumping beneath $0.20, and some losing a substantial amount of value. The past week has shown more bearish than bullish signs. BTC fellby …
Read moreBitcoin Once Again At The Most Critical Level In The Short-Term
Yet another choppy week of price action in the crypto sphere. With Bitcoin down by about 4.7% this week, having tested a resistance at $40,760 last week. Analyst remain divided over short and intermediate term trajectory of the cryptocurrency giant. Bloomberg Analyst: Bitcoin more likely to hit $100K than $20K in 2021 Bloomberg senior commodity …
Read moreBitcoin Market Analysts Divided Over Price Trajectory
Yet another week of indecisive price action as Bitcoin was unable to reclaim the $40k levels. Traders remain extremely cautious following last week’s brutal sell-off, but on-chain data is beginning to signal increasingly bullish activity. The past week hasn’t gone in favour of the bulls as the price of Bitcoin is down about 9%, currently …
Read moreMarket Analysis: Is Bitcoin Headed For Further Crash?
Bitcoin has seen a shaky week in which the price is down by over 20%. The cryptocurrency giant alongside almost all altcoins experienced a bloodbath, with Bitcoin retesting the $30k support. Is bitcoin in for full recovery or is the bull market over? Elon Musk May Have Just Hinted An Offload Of Tesla’s Bitcoin Holding …
Bitcoin, the digital currency giant started off to a good start this week but took a sharp drop trend following news that Tesla suspended accepting BTC as payments for their electric vehicles. A sea of reds for the crypto world at some point this week. The question now is, is it time to buy or …
A week that sees Bitcoin trying to stage a comeback in order to catch up with spectacular price action seen in Ethereum and other altcoins. Is the Bull season over? Comedian Bill Maher Just Made Bitcoin Decidedly ‘Uncool’ The power being used right now to guess numbers and win imaginary prices is the same …