Bitcoin & Beyond: In-Depth Market Analysis and Insights
In the ever-evolving landscape of global investments, knowledge is power. Understanding the intricate web of financial markets, commodities, and cryptocurrencies requires a comprehensive approach that encompasses both technical and fundamental analysis.
In parallel with the publication of articles on Seeking Alpha, we are pleased to announce a new chapter in our company's history and begin publishing articles in TradingView, providing its readers with an in-depth analysis of major asset classes, including commodities, currency pairs, and cryptocurrencies. Moreover, articles published on this platform will include fundamental and technical analyses of companies operating in vital sectors such as industrials, consumer staples, commodities, technology, and healthcare.
Technical and Fundamental Analysis: Unraveling Investment Potential
Commodities and Currencies: Bridging Traditional and Digital Economies
The commodities market, often regarded as the backbone of global trade, encompasses a diverse array of raw materials, from precious metals to agricultural products. Meanwhile, the foreign exchange market pulsates with the energy of currency pairs, reflecting the dynamics of international economies. Our analysts will employ technical tools and delve into fundamental factors to decode the complexities of these markets, empowering readers with insights into price trends and economic indicators.
Cryptocurrencies: Decoding the Digital Frontier
In the era of digitization, cryptocurrencies have emerged as a revolutionary asset class. Our experts will conduct in-depth analyses of various cryptocurrency pairs, exploring blockchain technology, market sentiment, and regulatory developments. By merging technical patterns with fundamental principles, we aim to provide a comprehensive view of the crypto landscape, assisting investors in navigating this volatile yet promising domain.
Company Analysis: Illuminating Investment Choices
Within the realm of equities, understanding specific sectors is paramount. Our team will scrutinize companies operating in pivotal sectors such as industry, consumer goods, commodities, technology, and healthcare. Through meticulous fundamental analysis, we will dissect financial reports, assess competitive positioning, and evaluate growth prospects. Additionally, technical analysis will be applied to gauge stock price movements, aiding readers in making informed investment decisions.
Empowering Investors with Knowledge
On the TradingView platform, we recognize the significance of informed decision-making. Through our newly introduced articles on technical and fundamental analysis, we aim to demystify the intricacies of various asset classes. Whether you are a seasoned investor or a novice exploring the financial world, our analyses will serve as valuable guides, equipping you with insights that transcend market noise.
Stay Tuned for In-Depth Insights
Embark on a journey with us as we embark on this analytical venture. Our commitment to delivering accurate, timely, and insightful content remains unwavering. Through our articles, we will not only navigate the ebbs and flows of traditional and digital markets but also illuminate the pathways to prudent investment choices. Together, let's unravel the mysteries of the financial world and empower ourselves with knowledge that drives smart investment strategies. Stay tuned for a wealth of in-depth insights that will shape your investment journey like never before.
Let's move directly to the analysis of Bitcoin.
Technical analysis
In the short term, we expect the digital gold pump to continue and reach 29.2k before the wave 4 correction is completed.
After that, the price of Bitcoin will continue its movement, trying to close the gap in the CME, which has remained open for several weeks, attracting the attention of short sellers. By early November, impulse wave 5 is expected to be completed, reaching a strong support zone in the range of $24,400-$24,600, where we plan to reopen long positions with the goal of closing them above $40,000 per Bitcoin.
Overall, the 34K-34K zone is the Big Wall separating us from the start of the new Bull Run. Financial market participants will need significant effort to overcome this price level as China's post-COVID-19 economic recovery is too slow.
Fundamental Analysis
The first thing we should pay attention to is the cost of production of Bitcoin since this indicator demonstrated high accuracy in indicating price support zones upon reaching which the bullish trend resumed. In the chart below, we draw attention to two important lines.
Pink line. According to Glassnode, the current estimated cost of production is $15,123.
Purple line. After the Bitcoin halving, which is expected to occur at the beginning of the second quarter of 2024, the cost of production of one BTC will be $30,247. Given the continuing trend of sharp increases in Difficulty and Hashrate in recent weeks, we believe that many of the smaller miners will leave the market, "transferring" their share to such industry mastodons as Marathon Digital Holdings, Riot Platforms, Hut 8 Mining and Cipher Mining.
On the other hand, geopolitical tensions in the world and the weak pace of economic recovery in China have a negative impact on the aggregate balance of Whale entities, which has continued to decline in recent months.
Conclusion
We believe that central bank policies that aim to continue raising interest rates to combat inflation will have a short-term negative effect on the price of Bitcoin. One reason for this is the desire of institutional investors to continue investing in less risky assets that can provide high returns and protect against inflation. These types of investments are fixed coupon bonds and high dividend yield stocks.
On the other hand, we are confident that the Federal Reserve's interest rate cuts, which are expected to begin in 2024, will lead to greater interest from the Wall Street financial community in cryptocurrencies. Moreover, recently, the Securities and Exchange Commission has already started considering the issue of approving spot Bitcoin ETFs from such giants as BlackRock and Fidelity.
Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
In parallel with the publication of articles on Seeking Alpha, we are pleased to announce a new chapter in our company's history and begin publishing articles in TradingView, providing its readers with an in-depth analysis of major asset classes, including commodities, currency pairs, and cryptocurrencies. Moreover, articles published on this platform will include fundamental and technical analyses of companies operating in vital sectors such as industrials, consumer staples, commodities, technology, and healthcare.
Technical and Fundamental Analysis: Unraveling Investment Potential
Commodities and Currencies: Bridging Traditional and Digital Economies
The commodities market, often regarded as the backbone of global trade, encompasses a diverse array of raw materials, from precious metals to agricultural products. Meanwhile, the foreign exchange market pulsates with the energy of currency pairs, reflecting the dynamics of international economies. Our analysts will employ technical tools and delve into fundamental factors to decode the complexities of these markets, empowering readers with insights into price trends and economic indicators.
Cryptocurrencies: Decoding the Digital Frontier
In the era of digitization, cryptocurrencies have emerged as a revolutionary asset class. Our experts will conduct in-depth analyses of various cryptocurrency pairs, exploring blockchain technology, market sentiment, and regulatory developments. By merging technical patterns with fundamental principles, we aim to provide a comprehensive view of the crypto landscape, assisting investors in navigating this volatile yet promising domain.
Company Analysis: Illuminating Investment Choices
Within the realm of equities, understanding specific sectors is paramount. Our team will scrutinize companies operating in pivotal sectors such as industry, consumer goods, commodities, technology, and healthcare. Through meticulous fundamental analysis, we will dissect financial reports, assess competitive positioning, and evaluate growth prospects. Additionally, technical analysis will be applied to gauge stock price movements, aiding readers in making informed investment decisions.
Empowering Investors with Knowledge
On the TradingView platform, we recognize the significance of informed decision-making. Through our newly introduced articles on technical and fundamental analysis, we aim to demystify the intricacies of various asset classes. Whether you are a seasoned investor or a novice exploring the financial world, our analyses will serve as valuable guides, equipping you with insights that transcend market noise.
Stay Tuned for In-Depth Insights
Embark on a journey with us as we embark on this analytical venture. Our commitment to delivering accurate, timely, and insightful content remains unwavering. Through our articles, we will not only navigate the ebbs and flows of traditional and digital markets but also illuminate the pathways to prudent investment choices. Together, let's unravel the mysteries of the financial world and empower ourselves with knowledge that drives smart investment strategies. Stay tuned for a wealth of in-depth insights that will shape your investment journey like never before.
Let's move directly to the analysis of Bitcoin.
Technical analysis
In the short term, we expect the digital gold pump to continue and reach 29.2k before the wave 4 correction is completed.
After that, the price of Bitcoin will continue its movement, trying to close the gap in the CME, which has remained open for several weeks, attracting the attention of short sellers. By early November, impulse wave 5 is expected to be completed, reaching a strong support zone in the range of $24,400-$24,600, where we plan to reopen long positions with the goal of closing them above $40,000 per Bitcoin.
Overall, the 34K-34K zone is the Big Wall separating us from the start of the new Bull Run. Financial market participants will need significant effort to overcome this price level as China's post-COVID-19 economic recovery is too slow.
Fundamental Analysis
The first thing we should pay attention to is the cost of production of Bitcoin since this indicator demonstrated high accuracy in indicating price support zones upon reaching which the bullish trend resumed. In the chart below, we draw attention to two important lines.
Pink line. According to Glassnode, the current estimated cost of production is $15,123.
Purple line. After the Bitcoin halving, which is expected to occur at the beginning of the second quarter of 2024, the cost of production of one BTC will be $30,247. Given the continuing trend of sharp increases in Difficulty and Hashrate in recent weeks, we believe that many of the smaller miners will leave the market, "transferring" their share to such industry mastodons as Marathon Digital Holdings, Riot Platforms, Hut 8 Mining and Cipher Mining.
On the other hand, geopolitical tensions in the world and the weak pace of economic recovery in China have a negative impact on the aggregate balance of Whale entities, which has continued to decline in recent months.
Conclusion
We believe that central bank policies that aim to continue raising interest rates to combat inflation will have a short-term negative effect on the price of Bitcoin. One reason for this is the desire of institutional investors to continue investing in less risky assets that can provide high returns and protect against inflation. These types of investments are fixed coupon bonds and high dividend yield stocks.
On the other hand, we are confident that the Federal Reserve's interest rate cuts, which are expected to begin in 2024, will lead to greater interest from the Wall Street financial community in cryptocurrencies. Moreover, recently, the Securities and Exchange Commission has already started considering the issue of approving spot Bitcoin ETFs from such giants as BlackRock and Fidelity.
Analyst’s Disclosure:
This article may not take into account all the risks and catalysts for the stocks described in it. Any part of this analytical article is provided for informational purposes only, does not constitute an individual investment recommendation, investment idea, advice, offer to buy or sell securities, or other financial instruments. The completeness and accuracy of the information in the analytical article are not guaranteed. If any fundamental criteria or events change in the future, I do not assume any obligation to update this article.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.