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Analysis

Tuesday Inferno market report

TL;DR up from here?   Bitcoin is looking like it has bottomed after its recent volatility, though concerns are still present. Let’s take a look at what the market has done over the course of the last few weeks: A parabolic rise to the year high of $13,880 A retrace of 31% down to $9,614 […]

Friday Inferno market update

TL;DR Bitcoin rekt, alts ded. Just another day in the crypto bull market.   When bitcoin broke resistance and took another run at the yearly high, it was looking very promising. $13k fell, and it looked like BTC might manage to take out the $13,880 level where it had stalled last time – which also […]

Tuesday Inferno market report

TL;DR with $12k breached, the next major obstacle is the yearly high around $14,000 – and if that goes, then the sky is the limit.   For the past two weeks bitcoin has been trading in a descending triangle, with support around the $11k region. Descending triangles more often break to the downside, which could […]

Friday Inferno market update

TL;DR was that a fakeout? :/   Bitcoin is trying to figure out whether to moon or crash. From the high of $13,880 at the end of June to the recent low of $9,614 is a fall of around 31%, which is entirely in line for similar corrections during the 2017 bull market. Since that […]

Tuesday Inferno market report

TL;DR There’s good. There’s bad. And then there’s Ugly.    The good: fundamentals Bitcoin is storming ahead in terms of infrastructure. Hashrate and Difficulty are at all time highs, indicating long-term confidence in the network. Bitcoin dominance is at over 60%, almost a two-year high, showing that right now, crypto traders are interested in BTC […]

Friday Inferno market roundup

TL;DR a strong bounce – but is it a dead cat or the start of something better?   On Wednesday, bitcoin finally ended its incredible run-up after putting in a high of $13,880, dropping as low as $11,241 at one point in a $2,500+ crash. This correction was much needed, since bitcoin was badly over-extended […]

Tuesday Inferno market update

Are you prepared for the next big move?   Bitcoin staged an impressive rally to $11,200 at the weekend, pulling back a little to consolidate around the $11k mark. After such a massive parabolic move, this is strange. Usually, parabolic rises retrace the same way as they went up – fast. In this instance, the […]

Saturday Inferno market update

TL;DR are you ready for the action?   So it’s happening. The market is moving fast, even for bitcoin, and there’s a risk that anything we write now will be out of date within minutes. So we’ll make some general observations as well as looking at some specifics that – depending on your timezone – […]

Tuesday Inferno market report

Bitcoin has hit another yearly high, smashing through the $9k barrier. All eyes are now on $10,000 BTC.   The epic bullrun that started on 1 April shows no sign of stopping. Having pulled back sharply after breaching $9k on the last day of May, bitcoin bottomed at $7,400 and then swiftly recovered. BTC broke […]

Friday Inferno market update

Fundamentals and technicals are both looking bullish, folks!   Bitcoin faltered earlier this week and it looked like we were set to break support and head down to the next level, potentially a fall to around $6,800. In the event, though, bitcoin held the 23% fib level and support at $7,700, and then ultimately reclaimed […]

Twitter

‘Inferno market report: how will bitcoin fare in a recession?
There’s a global recession looming. How will bitcoin price action react to this new event?’
https://t.co/xiT4u3UJdG
#bitcoin, #blockchain, #crypto, #cryptocurrency, #analysis

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