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Digital currency futures rallied this past Friday, following the gains in the major US stocks indexes. But while the stock and futures markets shut down for the weekend, the traditional digital currency markets kept gaining. BTC gained fractionally on Saturday and then rallied another 2.9% on Sunday. That led to a higher open for BTC …
The post BTC Bounces, But This Bear Market Isn’t Over appeared first….
Regular readers know that I’m not a BTC believer… At least, not yet. First off, BTC is way too easy to lose. I don’t want my money stashed away on some hard drive that could get stolen or thrown out with the trash. Second, BTC is not the safe haven investment it was advertised as. …
The post Three Reasons Why BTC is Heading Much Lower appeared first….
Like the broad stock market, digital currency futures tumbled sharply on Thursday morning following the hotter-than-expected consumer price index (CPI) reading. BTC futures were down by over 6% early in the session before turning around and closing mildly in the green. On the surface, this looks like a false breakdown that could turn the market …
The post Why the BTC Selling is Not Over Yet appeared first….
The BTC (BTC) digital currency futures market remains in a long term up trend on the monthly time frame. There is still a down Gartley Fibonacci extension price at 10,300, which we are expecting will be hit near the up trend line. If or when that future low price is hit, it should U-turn the …
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The BTC futures (BTC) market saw a nice pop earlier this month, gaining over 18% in just two days. However, all of those gains have now been erased, and BTC is back at its lows of the year. This fits with our analysis, as we continue to expect the market to sell off. However, when …
The post BTC on the Verge of a Breakdown? appeared first on….
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What a Falling US Dollar Means for BTC
Last week, I told you I have been seeing some signs that should lead lower prices for BTC… The biggest headwind, in my view, is still the strong US dollar. That is one of the main reasons BTC has been so weak this year. Investors from around the world have been seeking out the safety …
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