Bitcoin Weekly (1/2/2023) **Bitcoin Weekly - Edition 40** Happy New Year! Bitcoin (BTC) had a rough 2022, down nearly 65% for the year after reaching an all-time high in November 2021 of just over $69K. The largest cryptocurrency opened 2023 in its familiar narrow range as of late in the mid $16K area. The drop of 65% is about the norm for a bear market as is the length of time BTC has been falling, however, most are expecting Bitcoin to fall a bit further before rallying…
Ethereum Weekly (1/6/22) **Ethereum Weekly - Edition 5** Welcome to the fifth edition of *Ethereum Weekly* and Happy New Year! Ethereum (ETH) held at the $1,200 price point for the week on again as it entered into the new year at $1,195 but has climbed slowly ever since. Investors have been waiting for the latest economic data which includes the jobs report from today showing another 223K jobs added in December. With the jobless rate now down to 3.5%, the Federal Reserve may…
Bitcoin Weekly (1/9/2023) **Bitcoin Weekly - Edition 41** Bitcoin (BTC) had a decent start to 2023 last week rising a cool $1K week over week. The largest cryptocurrency is now sitting at its highest level since mid-December when we were all still hoping for a "Santa Rally" that never materialized. Hello $17K! The bulls have the lead so far this new year and that is a welcomed changing of the guards as of late. Bitcoin and the rest of the crypto market continue to ride the…
Ethereum Weekly (1/13/22) **Ethereum Weekly - Edition 6** Welcome to the sixth edition of *Ethereum Weekly* and Happy New Year! Ethereum (ETH) had a very strong week rising $200 week over week and closing above the $1,400 mark for the first time in over two months. What was the catalyst for the uptick in ETH? The CPI (consumer price index) was released yesterday in the United States and clocked in a 6.5% increase for December, down from the 7.1% increase the prior month. The…
Bitcoin Weekly (1/16/2023) **Bitcoin Weekly - Edition 42** Bitcoin (BTC) had a considerable week gaining over $3.7K for its biggest green candle gain in a long time. The largest cryptocurrency is now off to a red-hot start to 2023 rising more than 25% in the first few weeks of the new year. So are we in a bull run or a bull trap? Overall, the cryptocurrency market regained the $1 trillion market capitalization mark with nearly 40% of that mark being made up of Bitcoin. Those…
Ethereum Weekly (1/20/22) **Ethereum Weekly - Edition 7** Welcome to the seventh edition of *Ethereum Weekly*! Ethereum (ETH) had a great week rising $1,000 week over week and closing above the $1,550 mark on a strong green candle week. The next week could be more challenging as "another one bites the dust". Genesis Global Capital became the latest cryptocurrency lender to get in trouble filing Chapter 11 protection late Thursday. Genesis is just the latest in a string of…
Bitcoin Weekly (1/23/2023) **Bitcoin Weekly - Edition 43** Bitcoin (BTC) had another big week gaining nearly $2K on top of the previous week's $3.7K gain giving it quite the two-week run early in 2023. While most investors, scared from a rough ride in 2022, remain bearish there are plenty of bullish signals fighting the market sentiment. From a technical analysis standpoint, we have some interesting things happening with BTC currently, especially as it relates to RSI…
Ethereum Weekly (1/27/22) **Ethereum Weekly - Edition 8** Welcome to the latest edition of *Ethereum Weekly*! Ethereum (ETH) had its third-straight green candle week gaining just over $50 which is smaller than the previous weeks but positive nonetheless. Current momentum looks set to meet a resistance level of just under $1,650 and it will be interesting to see if the second-largest cryptocurrency can break through the next barrier. If not, ETH could go the other way and…
Bitcoin Weekly (1/30/2023) **Bitcoin Weekly - Edition 44** Bitcoin (BTC) had a great weekend and ended up the week gaining over $1K maintaining its recent upward momentum. BTC came within striking distance of $24K on Sunday before profit-takers brought the largest cryptocurrency back to earth. The increases helped Bitcoin flash an eye-catching 40% gain so far this year as the weekend concluded. Bitcoin's retreat on Monday followed the stock markets pullback which resulted in…
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