Blog Posts | CelticGold.eu

Bitcoin – Initial recovery following the bear market has likely come to an end

While the Bitcoin Spot-ETF approval had marked a short-term top, prices pulled back sharply as expected . However, four weeks since the approval and BlackRock’s spot Bitcoin ETF has overtaken Grayscal...

Basic Knowledge

8 Feb 2024 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Consolidation above USD 2,000 continues

1. Review The gold market has seen quite a bit of action in recent weeks. Initially, on Monday 4th December, during early Asian trading, the anticipated breakthrough above the all-time high at USD 2,0...

Basic Knowledge

24 Jan 2024 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – The air is getting thin

2023 has proven to be an exceptional one for Bitcoin, both in terms of value appreciation and the number of individuals who became millionaires through investing in this cryptocurrency. With a price i...

Basic Knowledge

29 Dec 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Monthly Closing Above USD 2,000 Triggers Breakout Rally

1. Review Commencing from the low on 6th October at USD 1,810, the price of gold surged by nearly USD 200 or 11% in the subsequent three weeks, reaching USD 2,009. A two-week retracement brought the p...

Basic Knowledge

29 Nov 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Taking a breath before the next surge

From its November 2022 low to its recent high, Bitcoin is up 145% within 12 months. But of course, it wasn’t easy to ride this rally if you didn’t have a good entry or are a long-term hodler. Until th...

Basic Knowledge

19 Nov 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Sharp Sell-Off Provides New Opportunities

It has been a pretty tough and challenging last five months for gold and precious metals investors. However, triggered by the sudden escalation in the Middle East, gold has recovered strongly over the...

Basic Knowledge

26 Oct 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Tenacious Correction Not Definitely Finished

In late April, we gave a timely warning about a topping process in the gold market and expected prices to pull back towards USD 1,900 over the following weeks. On 29th June, with gold reaching an intr...

Basic Knowledge

19 Sep 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Emotional rollercoaster at critical support

Between early January and mid-July, Bitcoin outperformed all other asset classes. Over the last six weeks, however, the largest and most dominant cryptocurrency is down more than 18%. Bitcoin – Emotio...

Basic Knowledge

3 Sep 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – Summer rally and power showdown in August

After the expected turning point in late June, gold managed to stage a first recovery towards USD 1,987. Over the last two weeks however, prices have come back down significantly. After a weaker than ...

Basic Knowledge

5 Aug 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Bitcoin – Breakout to the upside is most likely

Bitcoin’s price action in the last four weeks has been characterised by consolidation and a lack of decisive movement. The market is eagerly anticipating a breakout, and the next significant price dir...

Basic Knowledge

15 Jul 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

Gold – No clear turning point yet

In early May, gold once again failed to overcome the resistance around USD 2,070. Hence, the widely expected breakout has been once again postponed. Instead, our anticipated correction scenario has fu...

Basic Knowledge

27 Jun 2023 Technical Gold and Bitcoin Analysis by Florian Grummes

Florian Grummes

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

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