This year’s last technical analysis examines the rise of the South Korean kimchi premium and the reasons behind this phenomenon. Additionally, we explore MicroStrategy’s escalating purchase program as the company aims to control a percentage of the entire bitcoin supply. We also briefly review the outlook and target prices for the approaching year 2024. The recent crypto market price hike over the last seven days has been focused on altcoins, while the market-leading bitcoin has mostly moved sideways. The biggest news of the week was the continuation of MicroStrategy’s (MSTR) purchase program ..read more

The technical analysis of week 50 examines market prospects as cryptocurrencies seek a new direction. It is possible that bitcoin, which has strengthened by 153 percent since the beginning of the year, is now taking a “breather” as investors shift their attention to higher-beta altcoins. The crypto market momentum has remained sideways since last week, with the market-leading bitcoin fluctuating between 41 000 and 43 000 US dollars. At the same time, price movement suggests the strengthening of certain altcoins, indicating that traders may be preparing for a rotation. While the markets wait, s ..read more

The technical analysis of week 49 maps out the technical correction of bitcoin and its subsequent market recovery. Additionally, we review insights from Coinbase Research, macro indices, and whale market behavior. After the parabolic advance, the cryptocurrency market faced a technical correction this week, temporarily weakening bitcoin by almost ten percent. Despite the correction, the leading cryptocurrency by market capitalization has risen by 158 percent since the beginning of the year. David Duong from Coinbase Research estimates that the demand for bitcoin comes from institutional source ..read more

The technical analysis of week 48 scans the recent crypto rally and bitcoin’s essential $58 000 resistance level. Additionally, we analyze the year-to-date hierarchy of cryptocurrencies listed on Coinmotion and the performance of Ethereum. The cryptocurrency market has maintained exceptional upward momentum over the past seven days, with bitcoin strengthening by over 15 percent. The market now reflects significant investor optimism, as they attempt to price in the expected spot ETF and the spring 2024 halving event. Charles Edwards attributes crypto market’s bullish trend to the strengthening ..read more

The technical analysis of week 47 maps the market’s anticipatory sentiment and bitcoin’s gradual price increase. Additionally, we analyze bitcoin’s power-law model and MicroStrategy’s balance sheet. Is MicroStrategy’s buying program a speculative attack against the dollar? The crypto market sentiment has remained positive since last week, with bitcoin strengthening by two percent. The leading cryptocurrency by market capitalization managed to surpass the critical $38 000 resistance level between Tuesday and Wednesday night. Nikolaos Panigirtzoglou, a strategist at JPMorgan investment bank, com ..read more

The technical analysis of week 46 examines bitcoin’s rapidly approaching halving schedule and the recent challenges faced by the Binance exchange. Additionally, we explore bitcoin’s three technical turning points for Band, the crypto-related stock rally. The digital asset market has continued its sideways movement since last week, with bitcoin weakening by about one percent. In the market that showed strong growth in early November, there is now a slight uncertainty stemming from regulatory risks, as Binance’s Changpeng Zhao (CZ) faces new charges. Analyst Jamie Coutts’ chart, published on the ..read more

Bittrex Global, a renowned cryptocurrency exchange, has announced its closure in a surprising turn of events. This news comes as a surprise to many in the crypto community and marks yet another significant event in the developing crypto market. Bittrex’s trading will cease, and the final date for converting to USD or Euros will also be December 4th. What is Bittrex Global? Bittrex Global, established as a global leader in the blockchain revolution, has been a key player in the crypto exchange market. Known for its wide selection of cryptocurrencies, the platform catered to many investors, prov ..read more

The technical analysis of week 45 explores the crypto market’s recent correction and the current price discovery cycle, which has propelled all Coinmotion-listed tokens into a positive YTD territory. Additionally, we delve into why 85 percent of the bitcoin supply is in profit and contemplate the possibility of a supply shock. We also analyze the bespoke .USTLIQ index, personally developed by Arthur Hayes. On Tuesday, the cryptocurrency market experienced a sharp correction as the epilogue to a multi-week uptrend, causing bitcoin to decline about five percent. However, the price of the largest ..read more

The technical analysis of week 43 presents a new bitcoin $100 000 target price. Additionally, we will review thoughts from David Duong and models by Raoul Pal. We will also explore why the $35 000 level is critical for bitcoin and examine inter-asset class correlations. The crypto market’s upward momentum has continued this week, complementing the previous week’s parabolic price movement. Bitcoin has strengthened nearly 27% in the past 30 days and 108% year-to-date. One trigger for the October rally was the appearance of the iShares Bitcoin Trust ETF’s ticker symbol (IBTC) on the DTCC website ..read more

Scalability. Security. Interoperability. The holy trinity in the crypto space. These three factors have become the lifeline for success in the industry. Nailing just one is extremely difficult, let alone successfully implementing all three. Polygon, however, does not lack ambition – they took on the challenge.   Ethereum, one of the industry pioneers, has encountered its fair share of challenges in all of these three areas. Polygon (formerly Matic Network) aims to address all of Ethereum’s limitations and unleash its full potential. In this guide, we will explore the world of Polygon ..read more