This is a beta version. Full version will be available on July 1, 2019.

PREDICTING BITCOIN’S PRICE TARGET IS DIFFICULT

PREDICTING BITCOIN’S PRICE TARGET IS DIFFICULT; BUT NOT FOR THE CROWD:  When reflecting on last week’s Bitcoin news headlines, it would seem difficult enough to predict the price direction of Bitcoin nevertheless the actual closing price a week later.  Last week included many headlines that could be construed as either wildly bullish or bearish for the value […]

Bitcoin Breaks Out, Fails to Capitalize

THOSE HOPING THAT LAST NIGHT’S BITCOIN BREAKOUT WOULD INCITE A FRESH ROUND OF BUYING WERE LEFT DISAPPOINTED TODAY.  The last 24 hours have been characterized by two very sharp moves – both through 6,600 – in opposite directions. So, why did the breakout fail?  As we all know, Bitcoin has separated itself from the other […]

Upside Breakout Still Possible

BITCOIN HAS BEEN UNABLE TO LEVERAGE THE BULLISH TECHNICAL PATTERN WE MENTIONED LAST WEEK.  Over this past weekend it tickled the 6,600 zone but promptly sold off. But that downturn ultimately proved to be a shallow one (so far), and this has kept the possibility of an upside breakout alive. Further, despite the 30% drop […]