Blog Posts | CelticGold.eu

Bitcoin – New fantasy despite summer lull and uncertainties

With prices reaching nearly USD 31,000, Bitcoin’s recovery rally hit its peak on 14th April. This resulted in a doubling of prices within a span of five months. Our initial two price targets of USD 25...

Basic Knowledge

19 Jun 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Topping process followed by a pullback

While US regulators are racing to secure the sale of California bank First Republic, the US banking crisis continues and is far from being over. Gold, on the other hand, remains the currency of last r...

Basic Knowledge

1 May 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Every pullback is a buying opportunity

Over the last few weeks banks have been imploding and fears of a 2008-style crisis have come into play. Of course, politicians have rushed to the rescue with huge amounts of fiat money, while the bond...

Basic Knowledge

29 Mar 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Healthy pullback provides new opportunities

It´s been a tough six weeks of deep corrective price action in the gold market since our last analysis “ Gold – Rally is losing momentum ” was published. From its top on February 2nd at 1,959 USD gold...

Basic Knowledge

10 Mar 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Next target 30,000 USD

In the first few weeks of 2023, Bitcoin’s price has continued its upward trajectory, fueled by growing institutional adoption and increased investor confidence in the cryptocurrency market. Despite so...

Basic Knowledge

24 Feb 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Rally is losing momentum

Just a few months ago, financial markets had been under severe pressure, driven by rising interest rates and a stronger US-Dollar. Yet, since November, nearly all markets have been able to recover sig...

Basic Knowledge

30 Jan 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Significant recovery expected

After a brutal 14-month bear market, Bitcoin prices reached an important low at 15,479 USD on November 21st, 2022. Following this, prices traded sideways for around six weeks. Over the last two weeks,...

Basic Knowledge

18 Jan 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Fight around the 200-day moving average not yet decided

Since mid-November the rally in the gold market has become more and more tenacious and whipsawing. And over the last few weeks gold has been trading sideways. Actually, we have witnessed only slightly...

Basic Knowledge

28 Dec 2022 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Price hardly reacts to bad news anymore

While investors anticipate this week’s Federal Reserve decision on interest rates, Bitcoin is slowly moving around the 17,000 USD level. After the crypto sector having been badly shaken up throughout ...

Basic Knowledge

12 Dec 2022 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Bottoming in progress

1. Review Over the past two weeks, the gold market has seen two attacks on the September 28th low at 1,614 USD. However, both times (October 21st and November 3rd), gold turned upwards again at 1,617 ...

Basic Knowledge

7 Nov 2022 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Some chance for a recovery

Bitcoin and the whole crypto sector are in a bear market for nearly a year now. The selloff has been brutal, and any recovery has been short-lived. However, in recent months the correction has slowed ...

Basic Knowledge

31 Oct 2022 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – In search of a bottom

1. Review With the early failure of the summer rally at 1,807 USD, the outlook for the gold market quickly deteriorated again since mid-August. As a result, the bears were able to push gold prices wit...

Basic Knowledge

21 Oct 2022 Technical Gold and Bitcoin Analysis by Florian Grummes

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