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Only Monetary Assets Can Swim Upstream

Only Monetary Assets Can Swim Upstream

ATOMIC 18 As Facebook goes offline, Bitcoin doesn’t. We are living in the biggest asset bubble, probably of all time, and in recent days, bitcoin has defied gravity. Has monetary status finally arrived, or is the space just hooked on bad data? Highlights Technicals BTC bounces back On-chain Network

Be Patient

Be Patient

ATOMIC 17 For the record, the origins of ByteTree were banging the drum when there were clear and actionable lows in late 2015, then again in late 2018, and again in March 2020. They all worked out well. Calling the highs has always been trickier because they have tended to

Still Waiting for the Great Divergence

Still Waiting for the Great Divergence

ATOMIC 16 I have a dream that one day Bitcoin will cease to be a risk-on asset. If there was just one hint of resilience during a financial market shock, the price of bitcoin really would “go to the moon”. The world is crying out for a safe haven. Highlights

Left Pocket, Right Pocket

Left Pocket, Right Pocket

ATOMIC 15 Most popular on-chain analysts are discussing supply and watching how the coins shift from the left pocket to the right pocket and back. If I have a million dollars in my left pocket and two million in my right, I am worth 3 million dollars. It’s no

Bitcoin's Summer Divergence

Bitcoin's Summer Divergence

ATOMIC 14 Today Bitcoin became legal tender in El Salvador at midnight local time (06:00 UTC). It is an exciting development, and we can’t wait to see what happens next. Could this lead to greater usage and stability? We hope so. Highlights Technicals Bitcoin breaks into the 50s

This Time Is Different

This Time Is Different

ATOMIC 13 This cycle has been less volatile than in past cycles. That could mean we haven’t had the blow-off top yet, or equally, we won’t have one. A steadier bull market, not driven around the halving cycle, would be progress. Highlights Technicals Resistance at $50k holds On-chain

The Bitcoin Market Is Flashing Amber

The Bitcoin Market Is Flashing Amber

ATOMIC 12 The last time we saw such a fast change in trend was back in October 2015, when the price was $264. Back then, on-chain activity was killing it and price was lagging the fundamentals. It was such a clear call to make at the time because growth, value,