Tag Archives: BTC Analysis

Bitcoin’s price shows some worrying signs suggesting that a deeper correction is bound to occur, as the price has failed to hold the $100K level. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been gradually rising over the last few weeks, creating a new record high above the $100K mark. However, in the past few days, the market has failed to continue its bullish momentum, falling below $100K and even dropping to as low...

Bitcoin’s price has failed to hold above the $100K mark, making investors worried that its historical run is coming to an end. Needless to say, conclusions of this kind are incredibly far-fetched, and the price is more or less flirting with the line. Bitcoin Price Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily timeframe, Bitcoin’s price has dropped back below the key $100K level, as it failed to close above it. Yet, the market has quickly recovered...

Bitcoin’s price is teasing investors, as it is experiencing a pullback before reaching the $100K mark. Yet, as things stand, there’s a considerable probability that it will hit the milestone soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart Starting with technical analysis, the daily timeframe shows massive bullish momentum for BTC. Yet, the market has been correcting for the last few days after failing to reach the $100K level. The $90K mark is still...

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...

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...

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...

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...

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...

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...

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...