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Opening Bell - Issue 13

Research13 May 2024Copper
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Prepare for the week with key data points and trends in the digital asset marketplace.

BIG WEEK. And uncertainly is almost certain...

Bitcoin is exhibiting signs that the top is in. But the bulls in us tried to tinker with a new Bitcoin Risk-to-Reward Model.

Meanwhile, the Dow Jones is trading on the very top of a 124 year old trend line that’s never been broken - why would this time be different?

Consumer sentiment is down and the Federal Reserve has a dozen speaker events this week that will rattle markets with directional talk.

CPI and inflation print due to come on Wednesday.

Since the Bitcoin’s halving, markets have had to absorb $1.2bn between ETF and Miners selling. The silver lining is that $60k is holding up for now.

Read more in this week's Opening bell.

Opening Bell | Copper