22/07/2024 09:27

Crypto Currencies

Bitcoin reversed higher right on cue, implying liquidity isn’t an issue for investors/traders. We wouldn't be surprised to see another 10-20% upside over the coming weeks/months.

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15/07/2024 09:19

Crypto Currencies

Bitcoin's aggressive pullback looks like it's now over, and while we don’t trade or invest in the crypto space, it’s a good sign for stocks when this volatile asset class appears bullish.

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08/07/2024 09:09

Crypto Currencies

Bitcoin extended its 2024 pullback to 27% last week, although it did bounce strongly from the lows – crypto remains a volatile asset class. At MM, we don’t trade/invest in cryptos, but it can provide an excellent read on excess liquidity, i.e. if people can punt on cryptos, they can buy stocks. If we were trading Bitcoin, we would buy dips, but it's not for the fainthearted.

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17/06/2024 08:50

Crypto Currencies

Bitcoin experienced another quiet week, not delivering any liquidity lead for equities. Overall, our preference is still for a move to fresh all-time highs, but if MM were traders, we would not be chasing the move, believing the upside is maturing fast for the crypto.

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03/06/2024 09:01

Crypto Currencies

Bitcoin had a quiet week, trading in sync with the larger, more recognised financial markets. Overall, our preference is still for a move to fresh all-time highs, but if MM were traders, we would consider fading or at least not embracing this move.

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27/05/2024 08:51

Crypto Currencies

Bitcoin enjoyed another strong week as volatility increased in equities land. Our preferred roadmap for cryptos over the coming months is that they will again make fresh all-time highs, although such a move could easily unfold in just 1-2 weeks for this volatile asset class.

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20/05/2024 09:15

Crypto Currencies

Bitcoin enjoyed a strong week, similar to other risk assets like equities. Our preferred roadmap for cryptos over the coming months is that they will again make fresh all-time highs, although this volatile asset class could easily unfold in a few weeks!

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06/05/2024 09:22

Crypto Currencies

Bitcoin bounced strongly after a foray below $US60,000 last week. Our “best guess” is that we’ve seen an important swing low and that the crypto will test/make fresh all-time highs over the coming months, implying ongoing demand for “risk assets”.

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22/04/2024 09:11

Crypto Currencies

Bitcoin made fresh all-time highs in March, but in typical volatile fashion for this new asset class, it's already corrected well over 19% in just a few weeks. After last week's reversal higher, we would be looking for buying opportunities from a trading perspective, a bullish read-through for stocks.

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15/04/2024 09:12

Crypto Currencies

Bitcoin made fresh all-time highs in March, but in typical volatile fashion for this new asset class, it's already corrected well over 17%. Further weakness under $60,000 would take the pullback well in excess of 20%, and if we were crypto traders, we would be accumulating into such weakness.

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