Tag Archives: BTC Analysis

Bitcoin’s price has been rallying aggressively in the past couple of weeks, making its way toward a new record high. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the BTC price has been climbing higher since rebounding from the $56K support level and the 200-day moving average. The market has reclaimed both the $60K and the $65K marks and is currently testing $68K – the last obstacle in the way of a new all-time high. With the RSI also indicating...

Bitcoin’s recovery is going well, and the market is seemingly on the verge of creating a new all-time high in the short term. Technical Analysis By TradingRage The Daily Chart As the daily chart depicts, Bitcoin’s price has been rallying since it rose above the 200-day moving average. The market has also reclaimed the $60K and $65K levels and is moving toward the $68K resistance zone, which could be the last obstacle before creating a new all-time high. With the RSI also...

Bitcoin’s price has recently recovered from a month of bearish price action. Considering the current upward momentum, the market might even make a new all-time high soon. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has found support at the $56K support level. The 200-day moving average, located around the $60K area, has also been reclaimed, along with the $60K level itself. Yet, the market is struggling to break above the $65K resistance...

Bitcoin’s price demonstrates clear signs of recovery, with the market reclaiming some key levels. Investors are now hopeful that the correction phase is finally over. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has recently demonstrated an impulsive recovery from the $56K support level, breaking through several resistance elements. The 200-day moving average, located around the $59K mark, the bearish trendline, and the $60K resistance...

Bitcoin has recently seen an uptick in demand near a crucial support level, leading to a slight rebound above the 200-day moving average at $59.2K. This price action highlights the potential for a bullish reversal if the price stabilizes above the 200-day moving average. Technical Analysis By Shayan The Daily Chart A detailed analysis of Bitcoin’s daily chart reveals that after a prolonged bearish trend, Bitcoin broke below the 200-day moving average at $59.2K, introducing...

Bitcoin’s recent price action has spread fear over the whole crypto market, as participants are worried that the bull market might be over. Yet, things can change very quickly in the crypto space, and there is still a probability of recovery. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been making lower highs and lows since dropping below $70K, demonstrating a clear bearish trend. Last week, the market even broke below the key $60K...

Bitcoin’s price decline continues as the market has lost several key support zones. While many investors are worried about a deep crash, there is also the possibility for this drop to be a bear trap. Technical Analysis By TradingRage The Daily Chart The daily chart shows that the price has lost the $60K support level and dropped below the 200-day moving average, located around the $58K level. The 200-day moving average is a key indicator, as it has held the price during...

Bitcoin’s price has failed to make a new all-time high and is currently going through a correction. Yet, the bull market might still be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has failed to hold above the $66K level and is currently going through a correction. This is not a good sign, as the cryptocurrency recently broke above a large descending channel but has struggled to continue higher, making it a fake breakout. The...

Bitcoin’s price has failed to keep up its upward momentum and has yet to set a new record high above the $75K level. Given the current price action, even a deeper correction is probable. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price dropped below the $68K support level a few days ago. It has dropped back inside the large descending channel, making its recent breakout fake. The $60K support level seems like a valid target for the upcoming...

Bitcoin’s price has been having difficulty approaching its all-time high of $75K and is still consolidating. On Friday, the cryptocurrency tanked below $70K, and if the current level supporting the price breaks down, an even deeper correction could be expected. Technical Analysis By TradingRage The Daily Chart On the daily timeframe, the price has been hovering around the higher boundary of the large descending channel, failing to break it to the upside with momentum. The...