Published inCoinmonks·PinnedBitcoin’s three unbreakable truthsOn the back of more substantial losses over this last week, Bitcoin has reconfirmed its bearish trend that has now been at play for over three months. So, the question becomes, where can we look for this trend to complete? To answer this question, we must take a step back…Bitcoin4 min readBitcoin4 min read
Published inCoinmonks·6 days agoBinary factors bring bullish sentiment back into BitcoinBitcoin is set to close out the month of November, posting gains for the third month in a row. Currently, BTC has gained around 10% this month which paints the picture of a trending market in the hands of the bulls. Over the past three months if Bitcoin has moved…Bitcoin4 min readBitcoin4 min read
Published inCoinmonks·Nov 15Bitcoion is back in rally mode after shallow technical correctionBitcoin is once again trading dramatically higher after a brief four-day period of consolidation and slightly lower pricing. This correction seems to be technical in nature, likely the result of traders pulling profits. as the CPI report released yesterday revealed steady inflation rates going against forecasts that called for an…Bitcoin4 min readBitcoin4 min read
Published inCoinmonks·Nov 11Shit coins and Solana, beware there is a huge differenceRarely do I ever see a weekly chart as bullish as Solana’s.Solana4 min readSolana4 min read
Published inCoinmonks·Nov 8Bitcoin’s moving averages move into full bullish alignmentBitcoin’s recent ascent has garnered it a lot of attention, especially since October 16th when the market moved substantially higher on a false report of a spot Bitcoin ETF approval. The fact that Bitcoin managed to hold on too much of its daily gains when the report was disproven tells…Bitcoin3 min readBitcoin3 min read
Nov 2Bitcoin closes above $35k for first time in 18 monthsThe world’s premiere cryptocurrency breached resistance at $35,000 on Monday, the first day of November. As of 11:05 PM EDT, Bitcoin is trading at a significant price point, $35,515 in the spot markets (Bitstamp) and $35,950 in the Futures markets (CME) at its close earlier today.Bitcoin3 min readBitcoin3 min read
Published inCoinmonks·Oct 28Bitcoin set to hold October winning streak moving from bearish to bullish“This caused an immediate and swift knee-jerk reaction as the market sold off just a quickly as it rose causing prices to dip even lower…Bitcoin2 min readBitcoin2 min read
Published inCoinmonks·Oct 23Bitcoin reaches highest price in over fourteen monthsMoving on positive developments regarding BlackRock’s Ishares spot Bitcoin ETF, Bitcoin hit a high not seen since June 1, 2022. After opening above $30,000 for the first time since July 23, Bitcoin has so far reached $31,900 (6:15 EST) and shows no sign of slowing down. Already the equates to…Bitcoin2 min readBitcoin2 min read
Published inCoinmonks·Oct 16Buy the rumor sell the fact, false ETF approval causes Bitcoin to surgeCrypto traders have been feverishly waiting for approval of any Bitcoin spot ETF up for review by the SEC. There are several high profile/net worth investment houses that have submitted their applications in hopes of becoming the first to offer retail investors a convenient way to include Bitcoin in their…Bitcoin3 min readBitcoin3 min read
Published inCoinmonks·Oct 6Bitcoin is still bullish long-term, upgraded neutral mid/short-termBitcoin’s mid-term outlook was looking exceedingly bearish up until the last week of September when Bitcoin experienced a significant bump. This swing to the upside mitigated 3 consecutive monthly declines scoring the first monthly gain during the last 3 months. This altered the short to mid-term prospect altering it…Bitcoin3 min readBitcoin3 min read