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Bitcoin Feeds on Institutional Weakness

Bitcoin Feeds on Institutional Weakness

ATOMIC 80; The last fortnight has seen major cracks appear in the traditional financial architecture. Simultaneously the SEC has continued trying to marmalise the crypto industry. Both these events demonstrate why bitcoin was created. It is no surprise that it continues to move higher. ByteTree ATOMIC Analysis of Technical, On-chain,

Bottom of the Bitcoin Cycle

Bottom of the Bitcoin Cycle

ATOMIC 79 On-chain data analysis combined with corporate news suggests we are at the bottom of the cycle. The technical picture is also constructive. Macro has been a headwind, but that may not last, and there are signs bitcoin is decoupling anyway. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment

Bitcoin's Golden Cross

Bitcoin's Golden Cross

ATOMIC 78 Bitcoin has made a golden cross. It’s only the third time in three years. Meanwhile, we note that good regulators are not hostile regulators, which at least one member of the SEC agrees with. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto. Highlights Technicals

Bitcoin Pauses for Thought

Bitcoin Pauses for Thought

ATOMIC 77 There’s a lot to digest after a 40% gain in a few weeks. Valuation seems about right, on-chain activity mildly positive, but question marks abound over the macro narrative. CBDCs are an obvious crypto use case, but is that a good thing for bitcoin? ByteTree ATOMIC Analysis

Is Bitcoin De-coupling From the Tech Narrative?

Is Bitcoin De-coupling From the Tech Narrative?

ATOMIC 76 This week we ask whether the technical, on-chain and macro set-up is telling us that Bitcoin is starting to be treated as digital gold. We also give the usual updates on institutional investment flows and on-chain activity. ByteTree ATOMIC Analysis of Technical, On-chain, Macro, Investment Flows and Crypto.

Most Cylinders Are Now Firing

Most Cylinders Are Now Firing

ATOMIC 75 Just about everything we see confirms the upgrade to BULL that we made at US$16,580 in November. The fact the bitcoin is now trading above the June low is hugely notable, as is the type and quality of buying. ByteTree ATOMIC Analysis of Technical, On-chain, Macro,

Positive Signs for Bitcoin

Positive Signs for Bitcoin

ATOMIC 74 It might be hard to believe, but there are a growing number of positives for the orange coin. Dollar weakness removes a headwind, while investment flows, miner behaviour and the technical picture all show patterns associated with market lows. ATOMIC remains on BULL. ByteTree ATOMIC Analysis of Technical,