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Articles by CryptoVizArt

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

4 days ago

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?

9 days ago

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

9 days ago

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?

11 days ago

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

11 days ago

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

13 days ago

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?

14 days ago

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?

15 days ago

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

16 days ago

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?

16 days ago

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)

23 days ago

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?

23 days ago

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

23 days ago

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?

25 days ago

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?

27 days ago

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)

28 days ago

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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ETH Price Analysis: Is Ethereum on the Verge of Another Crash Below $2.5K?

August 17, 2024

Ethereum has entered a consolidation correction phase, retracing back toward the broken lower boundary of the multi-month wedge.
This movement suggests a potential pullback to the previously breached level, indicating a likely continuation of the bearish trend in the upcoming days.

By Shayan
The Daily Chart
A closer examination of Ethereum’s daily chart shows that the cryptocurrency has entered a corrective phase, with price action signaling a potential pullback toward the wedge’s broken lower boundary at $2.8K. After finding support near the crucial $2K level, ETH initiated a bullish retracement, moving back toward this key resistance zone.
However, this area is likely filled with supply, leading to increased selling pressure.
If the cryptocurrency fails to break above

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BTC Price Analysis: 2 Critical Levels to Watch for Bitcoin in the Short Term

August 17, 2024

Bitcoin’s price is consolidating in a tight range as market participants are uncertain about the future direction of the price.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has recently rebounded from the $50K area, following the significant drop below the 200-day moving average. Currently, the market is consolidating below the moving average, which is located around the $63K mark, failing to climb back above.
Meanwhile, the $56K support level currently holds the market, preventing the price from dropping further. Therefore, a breakout from either this level or the 200-day moving average could determine the short-term price action of BTC and the crypto market.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour timeframe, the price

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Ripple Price Analysis: XRP Bulls Want to Aim $0.64 But There’s a Catch

August 16, 2024

XRP’s price has seen minimal volatility near the significant support region of the 200-day moving average at $0.54.
Given the potential demand at this crucial juncture, a period of sideways consolidation is expected, with Ripple likely moving toward the $0.64 resistance region in the short term.

By Shayan
The Daily Chart
Ripple’s price is showing minimal volatility near the crucial support level of the 200-day moving average at $0.54. After a slight rejection from the significant $0.63 resistance zone, it retraced toward the support of around $0.55. This aligns with the 200-day moving average, offering a strong foundation for the price.
Currently, the cryptocurrency seems to be consolidating with little indication of its next direction. The price remains confined within a

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Ethereum Price Analysis: Is the Worst Over for ETH Following the 37% Crash?

August 11, 2024

Following a sharp 37% decline, Ethereum encountered significant buying activity near the $2.1K support region, leading to a bullish rebound.
However, the current price action suggests that ETH may be completing a pullback to the wedge’s lower boundary at $2.8K, which could signal a continuation of the bearish trend.

By Shayan
The Daily Chart
A closer look at Ethereum’s daily chart reveals a strong bullish response near the critical $2.1K support level, resulting in a rapid surge. This movement indicates robust demand around $2K, with investors showing interest at lower prices, reflecting their confidence in its long-term potential.
However, ETH is now encountering a substantial resistance level, which includes the previously broken lower boundary of the wedge and the key

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Ripple Price Analysis: Here’s What You Need to Know About XRP’s Next Move

August 10, 2024

Following a significant drop to the crucial support region of $0.43, Ripple encountered increased buying pressure and saw a substantial surge, pushing the price back above the 100 and 200-day moving averages.
This recent action has left market participants uncertain about XRP’s overall direction, with the upcoming movements likely providing clarity.

By Shayan
The Daily Chart
An in-depth look at Ripple’s daily chart shows that after a sharp decline below the 100 and 200-day moving averages, the price hit a significant support region at $0.43, creating a state of fear in the market.
However, this level attracted substantial buying interest, leading to a bullish rebound and completing a pullback to the multi-month descending channel’s broken upper boundary. Additionally, XRP

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Bitcoin Price Analysis: Following a 10% Weekly Crash, What’s Next for BTC?

August 3, 2024

Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been dropping since creating a double top pattern at the $68K resistance level. The $64K level has also been broken down to the downside, and the cryptocurrency is testing the 200-day moving average.
If it also fails to hold the price, the market is likely to go through a much deeper decline toward $52K. With the RSI also showing values below 50%, the momentum is pointing to a potential continuation of the bearish move.
Source: TradingViewThe 4-Hour Chart
Looking at the 4-hour chart, things seem a

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