Exclusive Bitcoin Analysis

Investors,

With Bitcoin exhibiting an extraordinary amount of strength so far in 2023, and notably since the collapse of Silicon Valley Bank, I think it’s appropriate to dedicate an entire premium report to Bitcoin itself. Amidst ongoing bank failures and stresses within the financial system, the response from fiat institutions and the fractional reserve banking system has been a massive marketing campaign for Bitcoin as an alternative monetary network. The spotlight has been thrust onto BTC, reaffirming the conviction of existing holders and perhaps making non-Bitcoiners more curious about the digital asset’s underlying technology and monetary innovation.

In this report, I’ll highlight eight of the most important Bitcoin & crypto charts that I’m currently keeping a very close eye on, in addition to yesterday’s analysis of BTC/M2 and $TOTAL crypto market cap. We’ll cover both technical analysis and on-chain data in order to gauge the psychology of market participants in the current market environment. The way I see it, investors vote with their money and their actions, not their words.

Therefore, the aggregate behavior of investors (aka price) tells the truth.

At the present moment, based on the analysis conducted below, I think that there’s attractive risk/reward in crypto right now with very tight risk management controls. As someone who wants to pick their spots in the market and stay nimble, this is all I can ask for. Clear and attractive returns per unit of risk is what ensures that traders can retain their capital while maximizing their opportunity for success. I’m confident that the analysis below will be useful to both bulls and bears, as I always remain objective in my approach to conducting TA.

Of course, I can’t completely ignore the equity markets, so I will briefly cover S&P 500 dynamics and the key under-the-hood metrics we’ve been tracking on a weekly basis.