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Bitcoin Price Analysis: Will BTC Rally to $100K or Correct Below $80K First?

8 days ago

Bitcoin has surged to a new all-time high, approaching the $90K threshold in an impulsive rally. The combination of another Federal Reserve rate cut and President Trump’s re-election has fostered a risk-on sentiment in the markets, driving demand for risk assets like Bitcoin.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Bitcoin’s price action reflects a robust shift toward a bullish market structure. It recently broke past both the 100-day and 200-day moving averages with significant momentum and reached an ATH of $90K.
On the other hand, the 100-day MA has crossed above the 200-day MA, marking a Golden Cross. This technical indicator signals bullish dominance, sparking FOMO among participants who are rushing to accumulate Bitcoin.
However, after this

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Ethereum Price Analysis: ETH Reclaims Crucial Resistance, How High Can it Go?

15 days ago

Following former president Trump’s 2024 election victory, the cryptocurrency market has experienced a surge in optimism and buying interest.
Ethereum was no exception, with its price spiking by 10% at one point, reaching the critical resistance level of $2.5K. A sustained break above this threshold could further fuel bullish momentum.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Ethereum saw heightened buying activity near the $2.3K support, which coincides with the middle boundary of the multi-month descending channel. This buying pressure drove the asset back toward the 100-day moving average, aligning with the $2.5K resistance zone. This region has seen the presence of sellers in the past, suggesting it is a significant barrier to ETH’s upward

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Ripple Price Analysis: is XRP About to Crash Much Lower Than $0.5?

19 days ago

Ripple’s recent activity has highlighted a bearish trend, with a rejection at the 200-day moving average of $0.53.
This resistance has halted the cryptocurrency’s previous upward momentum, driving the price back toward the $0.5 support level. Therefore, this raises concerns about its prospects.

By Shayan
The Daily Chart
On the daily chart, XRP recently encountered selling pressure after a minor retracement toward the 200-day moving average, leading to a sharp rejection. This resistance has halted the sustained bullish momentum, causing Ripple to revisit the $0.5 support region.
This level has consistently acted as a stronghold for buyers in recent months, making it a critical area for sellers aiming to drive the price lower. Currently, XRP is trading within the $0.5-$0.53

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Bitcoin Price Analytics: BTC Tumbles 3% Overnight but How Low Can It Go?

19 days ago

Bitcoin’s price has been consistently making higher highs and lows over the past couple of months, approaching a new all-time high.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily timeframe, the price has been rallying since its rebound from the $52K support level.
While the market has broken above the key 200-day moving average, located around the $64K level and the $68 area, it has failed to break above the all-time high.
The price is currently dropping toward the $68K support level but it seems likely to rebound higher and make a new record high soon, as the market structure is still bullish.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, the market has been trending higher inside an ascending channel. Yet, it has been

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Ripple Price Analysis: How Low Can XRP Go if it Loses the $0.5 Support?

22 days ago

Ripple’s recent price action reflects a cautious market, with a temporary rebound from the critical $0.5 support zone toward the 200-day moving average.
However, a rejection at this level could solidify the ongoing bearish trend.
XRP Analysis
By Shayan
The Daily Chart
On the daily chart, XRP faced renewed selling pressure after failing to sustain gains near the 200-day moving average at $0.57. This level has acted as a strong resistance, and a breakdown below the 200-day MA suggests that sellers are attempting to push the price lower. Following the decline, Ripple found support at the significant $0.5 level, a historically critical area that has consistently served as a defensive zone for buyers over the past year.
Currently, the asset is retracing toward the 200-day MA,

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Bitcoin Price Analysis: Does BTC Have Enough Strength to Chart New ATH This Week?

22 days ago

Bitcoin’s price is on the verge of creating a new all-time high following the significant rally in the past few days.
However, the asset has faced some initial resistance and is yet to break above the March peak.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the asset has begun a rally since its rebound from the $52K support level. Over the past few weeks, it has broken above the 200-day moving average, located around the $64K level and the $69K resistance zone.
Currently, BTC is testing the $74K resistance zone, which is also its record peak and is highly likely to get broken to the upside, which would potentially lead to a longer-term rally.

The 4-Hour Chart
Looking at the 4-hour timeframe, things are much clearer, as the BTC

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Ethereum Price Analysis: Where Is ETH Heading Next After Gaining 7% Weekly?

October 20, 2024

Ethereum has reached a decisional point at the head and shoulders neckline and the 100-day crucial moving average. A potential breakout will likely lead to a significant surge due to a massive short liquidation cascade.
The price action in the coming days will play a crucial role in determining ETH’s broader prospects.
Technical Analysis
By Shayan
The Daily Chart
Ethereum has reached a decisional point at a crucial resistance region consisting of the Head and Shoulders neckline and the 100-day moving average at $2.7K. The price action in recent days has shown low-volatility sideways movement, reflecting an equilibrium state between buyers and sellers. This indicates indecision in the market, with neither side able to take control.
If Ethereum can break above this key

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Ethereum Price Analysis: Is ETH About to Break Above $2.6K at Last?

October 14, 2024

Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal.
The $2.7K neckline and $2.1K support level will be key areas to watch, as a breakout or breakdown will determine the next primary direction.

By Shayan
The Daily Chart
Ethereum is undergoing a descending consolidation phase, with no clear directional bias emerging recently. However, an important inverted head and shoulders pattern has formed near the $2.1K support zone, a critical level where buyers have managed to hold ground.
This pattern is typically a bullish reversal signal, suggesting that a shift towards upward momentum may be on the horizon,

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Bitcoin Price Analysis: BTC Soars to $65K, This is the Next Target

October 14, 2024

Bitcoin’s price is finally showing some promising signs of bullish continuation. The big question now is if the consolidation period is over or if this is just a temporary bounce.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, BTC has been consolidating below the 200-day moving average (around the $64K mark) for some time now.
However, today’s price action suggests the consolidation period is over, as the daily candle has broken through the 200-day moving average and the $64K resistance level.
If the daily candle closes above these resistance elements, investors can be optimistic that the market could rally toward the $68K level in the short term.
Source: TradingViewThe 4-Hour Chart
The 4-hour timeframe also shows a completely

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Ripple Price Analysis: Is XRP Headed to $0.5 or $0.6 Next?

October 12, 2024

Ripple recently faced significant selling pressure after being rejected at the critical $0.65 resistance level. This resulted in a 23% price drop, breaking below the 100—and 200-day moving averages.
This price action hints at a potential downtrend continuation toward the $0.5 mark.

By Shayan
The Daily Chart
Ripple recently encountered intense selling pressure following a notable rejection at the critical $0.65 resistance level, resulting in a 23% decline. This zone has consistently turned back price advances in recent months, marking it a significant supply area. The recent rejection saw Ripple break below key technical levels, including the 100-day and 200-day moving averages, both situated near $0.55, signaling a decisive shift toward bearish control.
This price action

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Bitcoin Price Analysis: The 2 Most Probable Scenarios For BTC in the Short Term

October 12, 2024

Bitcoin’s price remains in a state of indecision, confined within a tight consolidation range bounded by the 100-day and 200-day moving averages.
An impending breakout from this range will likely determine the asset’s short-term direction.
Technical Analysis
By Shayan
The Daily Chart
Bitcoin has been stuck in a multi-month consolidation between the $55K-$71K price range since March 2024, with no clear trend or direction emerging.
This prolonged period of sideways movement indicates an overall equilibrium between buyers and sellers, with accumulation occurring at the lower end of the range and distribution at the top. Despite this, a bearish sign has recently appeared as Bitcoin broke below the 200-day moving average at $63.4K.
However, the downward momentum was halted upon

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Bitcoin Price Analysis: BTC Falls Below $61,000, Here’s the Next Target

October 10, 2024

Bitcoin’s rejection at $66K and the break below the 200-day moving average suggest that bearish sentiment is gaining strength.
If the price fails to hold the $60K support, the likelihood of a mid-term decline toward the $52K-$55K zone increases.
Technical Analysis
By Shayan
The Daily Chart
On the daily chart, Bitcoin’s surge above both the 100-day and 200-day moving averages briefly revived bullish sentiment.
However, upon reaching the $66K resistance zone, substantial selling pressure emerged, halting the uptrend. This area has historically served as a robust multi-month resistance, and Bitcoin’s failure to surpass it resulted in a significant rejection.
Currently, Bitcoin is trading below the 200-day moving average of $63.4K and resting on the 100-day moving average of

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Ripple Price Analysis: Calm Before the Storm for XRP Following Long Consolidation?

October 9, 2024

Ripple’s price has been consolidating in a very tight range in the last few days, and it has yet to give any indication of its future direction.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
On the USDT paired chart, the price has recently experienced a massive drop from the $0.65 level, breaking below the 200-day moving average, which is located near the $0.55 mark.
Over the last week, the market has been moving sideways below the 200-day moving average and has failed to break back above it.
As the structure suggests, a further decline toward the key $0.5 support level is likely in the short term. Yet, a rebound could still be expected from that area.
Source: TradingViewThe BTC Paired Chart
The BTC paired chart is in a similar condition.
The market has failed to

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BTC Price Analysis: Can Bears Push Bitcoin Below $60,000 Soon?

October 8, 2024

Bitcoin’s price has yet to recover above the key 200-day moving average, and if things remain the same, it is seemingly bound to drop to lower levels.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the price has recently rebounded from the $60K support level following the breakdown below $64K and the 200-day moving average, located around the same area.
Meanwhile, these levels are currently preventing the price from rising, as yesterday’s daily candle demonstrates a clear bearish rejection.
If the cryptocurrency fails to break through the 200-day moving average soon, a decline toward the $56K level could be expected in the short term.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, things are seemingly turning in

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Ethereum Price Analysis: ETH Flirts With $2.5K But Bullish Prospects Remain Questionable

October 7, 2024

Ethereum’s price has been consolidating in a wide range above the $2,000 mark. Yet, things might change soon.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the price has been moving sideways in a $500 range between the $2,700 resistance level and the $2,200 support zone.
With the market testing the upper boundary multiple times and failing to break above, $2,200 seems likely to be targeted in the upcoming weeks. On the other hand, the RSI is approaching the 50% level from below, which suggests that the bearish momentum is fading, which could also result in a reversal soon.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart paints a much more meaningful picture of the recent price consolidation. The market has been trapped in a

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Ripple Price Analysis: Is XRP Headed for a Drop to $0.5?

October 7, 2024

Ripple’s price has recently experienced a significant decline, just as market participants were becoming optimistic about the beginning of a new bullish run.
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
Against USDT, the XRP price broke above the $0.6 resistance level last week. Unfortunately,, it failed to hold above, and it crashed rapidly below the level and the 200-day moving average, located around the $0.55 mark.
The market has also failed to climb above the 200-day DMA, which is being rejected to the downside.
With the RSI also below 50%, the momentum is bearish, and a decline toward the $0.5 level is expected in the short term.
Source: TradingViewThe BTC Paired Chart
The XRP/BTC chart looks quite similar to the USDT pair. The market is gradually dropping

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Why is ETH Stalling Behind the Crypto Market? (Ethereum Price Analysis)

September 30, 2024

After breaking above the middle boundary of the descending price channel, Ethereum has temporarily lost its bullish momentum, slightly approaching the crucial $2.8K resistance.
The upcoming price action around this level will play a decisive role in shaping Ethereum’s trajectory in the mid-term, with potential outcomes dependent on whether buyers can overcome the selling pressure.

By Shayan
The Daily Chart
Ethereum’s daily chart reveals that following a pullback towards the middle threshold of the descending price channel, the market faced lower trading activity, leading to a slight consolidation stage with minimal volatility.
During this consolidation, the ETH price has slightly retraced toward the significant resistance at $2.8K, a critical level that aligns with

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Ripple Price Analysis: XRP Skyrockets 10% in 2 Days but is the Rally Over?

September 30, 2024

Ripple’s price is finally showing bullish momentum on the USDT and BTC pairs as it has taken out significant resistance levels. Yet, there’s still much work to do.
XRP Price Analysis
By Edris Derakhshi (TradingRage)
The USDT Paired Chart
Against USDT, the Ripple price has been reeling since it rebounded from the $0.5 support level, breaking above the 200-day moving average (around $0.55) and the critical $0.66 mark. The cryptocurrency is finally on its way to testing the $0.7 resistance zone.
Source: TradingViewHowever, the RSI is approaching the overbought region, a caution signal that could indicate a potential pullback soon.
The BTC Paired Chart
The XRP/BTC chart shows that the price has been consolidating in a bullish flag pattern since breaking above the 800 SAT

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Bitcoin Price Analysis: BTC Tumbles to $64K as Bears Look to Reappear

September 30, 2024

Bitcoin’s recent price surge toward $66,000 has led to heightened optimism, but the market now faces a potential retracement phase.
The $66K resistance level is proving to be a formidable barrier, and BTC is likely to undergo a period of consolidation or correction before determining its next major trend.
Technical Analysis
By Shayan
The Daily Chart
Bitcoin recently experienced a strong bullish surge, reaching the critical $66K resistance region after originating from a significant support level of around $55K.
This bullish momentum was driven by improved market sentiment and buying activity. However, upon nearing the $66K threshold, Bitcoin’s price faced considerable selling pressure, leading to a slight rejection.
This range represents a significant resistance level that

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BTC Price Analysis: Is Bitcoin Targeting $70K in the Short Term?

September 28, 2024

Bitcoin’s price has broken post a key level recently and is seemingly targeting a new all-time high in the short term.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the price has finally broken above the $64K level and the 200-day moving average, which is located around the same mark.
With the RSI also showing a clear bullish momentum, the cryptocurrency will likely continue its uptrend toward the $68K resistance zone in the short term.
Otherwise, in case of a correction, the 200-day moving average is still likely to hold the price and push the market higher.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price has been creating higher highs and lows ever since its rebound from the $52K support level.

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Bitcoin Price Analysis: Is BTC Heading Toward $70K or $60K Next?

September 26, 2024

Bitcoin’s price is currently at a critical level, and its reaction will likely determine the mid-term trend of the entire crypto market.
Technical Analysis
By Edris Derakhshi (TradingRage)
The Daily Chart
On the daily chart, the asset has been rallying since it rebounded from the $52K support level and has broken both the $56K and $60K levels to the upside with momentum. However, the market has finally reached the 200-day moving average, which coincides with the key $64K resistance level.
A bullish breakout could lead to a new surge toward higher prices. Meanwhile, if the cryptocurrency gets rejected to the downside, the $60K level would likely support pushing it back higher.
The 4-Hour Chart
The 4-hour chart demonstrates a tricky situation for the BTC price, as it is

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ETH’s Path to $3K Involves Maintaining This Critical Support (Ethereum Price Analysis)

September 25, 2024

Ethereum’s bullish momentum has weakened after breaching the middle trendline of a multi-month descending channel, resulting in muted sideways price action.
This consolidation phase could lead to a pullback, potentially setting up the stage for the next leg of the bullish trend.
Technical Analysis
By Shayan
The Daily Chart
Ethereum experienced a surge driven by increased buying activity in the perpetual and spot markets, breaking above the crucial $2.5K resistance level. This breakout signals buyers’ intent to push ETH toward its yearly high of $4K despite the prevailing bearish sentiment over the past few months.
Currently, Ethereum’s price is consolidating in a sideways pattern, hinting at a potential pullback toward the recently broken trendline. If the price retraces

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Ripple Price Analysis: XRP Bulls Eye $0.6 as Positive Sentiment Spreads

September 18, 2024

After a solid bullish rebound, Ripple’s price surged to the $0.60 level. However, it has since entered a brief consolidation phase, which may pave the way for further upward movement toward the significant $0.64 resistance.

By Shayan
The Daily Chart
A closer look at Ripple’s daily chart reveals that following an increase in demand around the key 100-day ($0.53) and 200-day ($0.55) moving averages, buying activity intensified, leading to a sharp price surge toward the $0.60 mark.
Although Ripple’s upward momentum has temporarily paused, the price has now entered a short-term consolidation at this level. This phase is likely to be followed by a continuation of the bullish trend, with XRP targeting the critical $0.64 resistance level, a zone that has consistently challenged

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Bitcoin Price Analysis: The Fed Cut Rates, Now What’s Next for BTC?

September 18, 2024

Bitcoin’s price finally looks set to break back above the $60K level after weeks of consolidation. However, there is still one more key resistance level that the price needs to overcome.
Technical Analysis
By: Edris Derakhshi (TradingRage)
The Daily Chart
On the daily timeframe, Bitcoin’s price is demonstrating a willingness to finally break above the $60K resistance level, following its rebound from $52K.
The RSI also shows values above 50, indicating that the market momentum is bullish once again. However, for the cryptocurrency to begin a new long-term rally, the price should first rise above the 200-day moving average, which is located near the $64K resistance level.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart clarifies the recent price action, as the market

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Is BTC Heading Toward $65K After Surging 10% Weekly? (Bitcoin Price Analysis)

September 15, 2024

Bitcoin has recently experienced a strong bullish reversal from a critical support zone, defined by the 0.5 and 0.618 Fibonacci levels.
BTC is now approaching the 100-day moving average at $61.6K, where it may encounter significant selling pressure, suggesting a potential short-term consolidation.
Technical Analysis
By Shayan
The Daily Chart
A closer examination of Bitcoin’s daily chart reveals that after a decline toward the key support zone between the 0.5 ($56.3K) and 0.618 ($52.1K) Fibonacci levels, the asset encountered substantial buying pressure, triggering a sharp reversal. This bullish momentum led to a roughly 15% surge toward the 100-day moving average at $61.6K, a major resistance level.
The current price action suggests buyers have re-entered the market,

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Ripple Price Analysis: After Finding Strong Support, Is $0.64 Next for XRP?

September 15, 2024

Ripple has found strong support within a critical price range, defined by the 100-day and 200-day moving averages, experiencing a significant bullish rebound.
However, the asset is anticipated to continue rising toward the key resistance level at $0.64, where selling pressure may temporarily slow the upward momentum.
XRP Analysis
By Shayan
The Daily Chart
An in-depth analysis of Ripple’s daily chart reveals that it encountered substantial buying pressure at a key support zone between the 100-day ($0.53) and 200-day ($0.55) moving averages. This surge in demand triggered a notable price recovery from the $0.53-$0.55 range, pushing XRP higher. The price is now trending toward the critical resistance level of $0.64, a zone that has repeatedly challenged Ripple’s buyers in

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Bitcoin Price Analysis: A Plunge to $56K Is Possible if BTC Fails to Overcome This Resistance

August 29, 2024

Bitcoin’s price has yet to recover from the recent drop, consolidating without a clear indication of its future direction. However, there are some signs that it could drop further if it’s unable to overcome $60,000 soon.
Recall that the largest digital asset slumped hard on Tuesday, dropping from over $63,000 to $58,000, before recovering slightly to its current levels of $60,000.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the asset has recently been rejected from the 200-day moving average and the $64K resistance level. It has also broken below  $60K and is seemingly on its way toward the $56K support zone.
The RSI has also dropped below 50%, indicating that the momentum is gradually shifting bearish once again. Considering the current

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Ethereum Price Analysis: ETH Bulls Eye $2.8K but Worrying Signs Appear

August 26, 2024

Ethereum’s price has been consolidating after a significant crash a few weeks ago, making market participants hopeful that the price is creating a bottom.
Technical Analysis
By: Edris Derakhshi
The Daily Chart
On the daily chart, the price has gradually made higher highs and lows since rebounding from the $2,100 support level. Yet, the market is yet to break past the $2,700 resistance, while a rejection could lead to another drop to $2,100.
On the other hand, if the market successfully breaks through this resistance, a rise toward $3,000 would be imminent in the short term.
Source: TradingViewThe 4-Hour Chart
The 4-hour chart clarifies the recent price action, as the market has been moving inside a rising wedge pattern.
These are primarily bearish. A breakout below the

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BTC Price Analysis: Is Bitcoin About to Explode to $64K Soon?

August 23, 2024

Bitcoin’s price has been holding strong around the $60K level following the significant crash a few weeks ago. Investors are now optimistic that the market will soon rally to new all-time highs.
Technical Analysis
By TradingRage
The Daily Chart
On the daily timeframe, the price has been consolidating during the last couple of weeks after recovering from the $50K mark.
Yet, the 200-day moving average, located around $63K, is yet to be broken to the upside. A bullish breakout above this level is a must for BTC to continue its long-term rally.
On the other hand, if the market loses the $56K support level, things can get worse, as the price will likely drop to $52K and even lower in the short term.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, the price has

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BTC Falls Below $60K but Hidden Sign Hints at a Possible Rally (Bitcoin Price Analysis)

August 21, 2024

Bitcoin’s price has yet to recover following the crash from $68K a couple of weeks ago.
The cryptocurrency has been consolidating in a tight range, leaving market participants wondering about its future direction.
BTC Price Technical Analysis
By TradingRage
The Daily Chart
The daily chart shows that the BTC price has failed to climb back above the 200-day moving average, located around the $63K mark, after dropping below it earlier. The market is now consolidating around the $60K level and is yet to reclaim this key area.
Either way, as long as the cryptocurrency is trading below the 200-day moving average, the probability of continuing the long-term bullish trend is considerably low.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, Bitcoin’s recent

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