The Black Hats Don’t Have Quantum Computers
Bitcoin’s ByteTrend Score remains zero, after a severe fall in recent days. This move has been linked to the general malaise in tech stocks, which makes sense to me.
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Tech Weakness Drags Bitcoin
Bitcoin’s ByteTrend Score has dropped back to a 1. There is no new low yet, but this is clearly a setback.
When Precious Metals Run Out of Steam…
Bitcoin’s ByteTrend Score is back to a 2. It is positive that the price is trying to stabilise and has not breached the April low.
Bitcoin and Silver Pari Passu
Bitcoin’s ByteTrend Score has been downgraded to a zero trend score again. The counter rally didn’t last, and it is hard to be bullish at this point.
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.
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.