Farewell the Treasury companies
Strategy (MSTR), formerly known as MicroStrategy, is being dumped at pace. Investors bought MSTR as a Bitcoin proxy as the ETFs (or ETNs) were banned in major financial centres such as London.
ByteFolio
ByteFolio publishes a model crypto portfolio weekly, along with news, research and commentary.
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Back to $100K
The past year shows the $100k level in detail. This has the potential to be a major support level, as it has been tested so many times. But bad things can happen, so we shouldn’t count on it.
Deep Value in Crypto
Do you remember the days when Bitcoin was really exciting? It’s not over yet, because the 200-day moving average is still rising, and a bull run could kick off at any time.
Bitcoin ETNs London Launch Disappoints
This has been the most disappointing October since the bear market of 2014, which saw a 12% drop. The uptrend is under threat.
Noctober
Bitcoin’s ByteTrend score drops to a 3, having visited 2 in recent days. Uptober has turned into Noctober, and the crowds are disappointed.
Hesitation at the High
Bitcoin’s ByteTrend Score remains a 5, despite yesterday’s pullback. With gold at $4,000 for the first time in history, Bitcoin has a challenger.