Bitcoin’s Big Test – CHAINLETTER 36

Bitcoin’s Big Test – CHAINLETTER 36

In my days as an Asian equity fund manager, several summer holidays were marmalised by big dislocations in markets. 2024 is starting to look at bit like those grim months in 2008, 2011 and 2015. In this edition we examine some of the reasons. At the core is a slowing...
The Summer Lull – CHAINLETTER 35

The Summer Lull – CHAINLETTER 35

The bitcoin price is back in a range but there’s a lake of activity bubbling away. We see little in any of our analysis that undermines our belief that there will be a strong end to the year. The technical set-up is consistent with previous cycle behaviour and the...

Bear Market Or Bear Trap – CHAINLETTER 33

Bitcoin and Ethereum have remained rangebound over the last fortnight, but elsewhere the crypto market has been having a tough time. Is this the start of a bear market, or is it a bear trap, designed to shake out weaker holders and present an opportunity to those with...