Cutting Edge Capital

Katana Performance December 2023: +12.06%

During the last two weeks of 2023 the Bitcoin price consolidated in a range$ 40,500 - $44,440 closing out the year at $42,260. Unfortunately our trend following algo bought false breaks higher and sold false breaks lower with several positions closed out at loss as price reverted to the range. The market continues to anticipate imminent approval of several ETFs in the near future. This sentiment is maintaining support at current levels whilst Bitcoin whales and miners have both lightened their positions into year end.

Entering 2024 we expect continued Bitcoin price appreciation albeit in typically volatile fashion. We maintain our conviction that our systematic trend following approach will continue to produce solid risk adjusted alpha as the new year unfolds.

We would like to wish all our clients and readers of this correspondence a very Happy New Year.

Check Out Performance in December

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Katana July 2024 EOM

Sideways price action was relentless in the last two weeks of July. BTC traded a range of $63,000 - $70,000 with a number of retracements as the price grinded higher but was unable to hold $70,000 after a pro-Bitcoin speech by Donald Trump.

Katana Mid-July 2024

Bitcoin began trading in July at US$61,850 and peaked that day at $63,800. Concerns mentioned in the last report continued to impact prices in early July.

Katana June 2024 EOM

The last two weeks saw Bitcoin trade an $8,000 range as prices declined to a low of $58,400 before we saw a 50% retracement to end the month at $62,000.

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Cutting Edge Wholesale Pty Ltd (ACN 658 904 226) is a Corporate Authorised Representative (1297265) under AFSL 484609 and is a wholly owned subsidiary of Cutting Edge Capital Pty Ltd (ACN 649 689 314). Any information or advice contained on this website is general in nature only and does not constitute personal or investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. You should seek independent financial advice prior to acquiring a financial product. All securities and financial products or instruments transactions involve risks. Please remember that past performance results are not necessarily indicative of future results. The information on this site may be accessed worldwide however it is not directed at residents in any country or jurisdiction where such distribution or use would be contrary to local law or regulation. Cutting Edge Wholesale Pty Ltd (ACN 658 904 226) is a Corporate Authorised Representative (1297265) under AFSL 484609 and is a wholly owned subsidiary of Cutting Edge Capital Pty Ltd (ACN 649 689 314).

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