Bitcoin Minute 2/26/2024

Submitted by Gary S. Wagner on Tuesday, February 27, 2024 - 00:10.

In this week's episode we examine what the Spot Bitcoin ETFs have done in such a short period (about one month), and forecast what they will do in the near future.

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Previous reports

Rush to Safe Haven Assets Benefits Bitcoin

Thu, 04/02/2020 - 16:58

Bitcoin had quite a jump today with CME futures up over 10% at $6,870 as of 3 PM EST. Last night we had a jump in pricing that took Bitcoin futures up to $7,345.

How long will Bitcoin’s Resilience last?

Wed, 04/01/2020 - 18:20

Bitcoin futures closed down today by approximately 1.8% at $6,355. Today’s lower pricing took Bitcoin back below the .78% retracement at $6,342 which it was able to regain footing above in the last few minutes of trading.

Bulls have adamantly attempted to break out of the current range

Wed, 04/01/2020 - 02:02

Bitcoin futures on the CME are currently at $6,475 up 1.5% on the day as of 5 PM EST. However the high of today at $6,600 is very telling and suggests range bound trading is set to continue.