Bitcoin Weekly (12/19/2022)

"Here comes Santa Claus, here comes Santa Claus"... Well maybe not! With a "Santa Rally" off the table it is hard to imagine how much worse things can get.

Bitcoin (BTC) has a pattern this year that is virtually unmistakable, drops hard on bad news, and then trades sideways until the next set of bad news. The problem with this pattern in 2022 is that there has been virtually no good news to drive the largest cryptocurrency higher. Even if there is some good news, investors see risk assets
By cryptomasterminer

cryptomasterminer's Recent Blog Posts

Bitcoin Weekly (2/27/2023)
Bitcoin (BTC) had a down week falling below $23K before quickly rebounding off support levels but still down close to $750 week over week. The largest crypto still has a chance to close out February…
1 year ago
Ethereum Weekly (2/24/23).
Ethereum (ETH) had a sideways week on low volatility gaining $5 week-over-week as it awaited the release of the consumer sentiment data in the US. The report, released by the University of Michigan,…
1 year ago
Bitcoin Weekly (2/20/2023)
Bitcoin (BTC) had a strong week retesting the $25K mark and finishing up close to $2.5K as the week ended before resuming its march higher today. The largest cryptocurrency hit a six-month high…
1 year ago
Ethereum Weekly (2/17/23)
Ethereum (ETH) opened the week virtually unchanged from the previous week, down just a couple of dollars. Crypto investors' eyes remain fixated on two main factors; inflation and regulation.…
1 year ago
Bitcoin Weekly (2/13/2023)le...
Bitcoin (BTC) had the first weekly death cross in its 14-year history last week as it closed below $22K falling close to $1,000 week over week. The question we now face is how Bitcoin will perform…
1 year ago