Tag Archives: BTC Analysis

Bitcoin’s price has been consolidating following the recent recovery. While the market structure has shifted bullish in the short term, there is still a key level for the price to take out to begin a new bull market. Technical Analysis By: Edris The Daily Chart: On the daily chart, it can be seen that the price has been ranging below the $30K level over the last 10 days. Yet, today’s candle is showing promising momentum to the upside, and the price could finally test the key...

After reaching the critical price area of $29-30K, Bitcoin’s bullish rally got rejected, and the price went back into the $27-28K consolidation range. Over the next short-term, the $30K mark will likely serve as the most major resistance. This range was the bottom recorded in mid-2021 before the rally to the current Bitcoin’s ATH at $69K recorded in November 2021. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 100-day moving average line at...

Bitcoin’s impulsive rally seems to have temporarily halted, and the price will likely enter a correction phase before the next leg up. Overall, Bitcoin is facing significant resistance at the $30K level, which hasn’t been tested yet. Technical Analysis By Shayan The Daily Chart After forming a pullback to the 61.8% level of the Fibonacci entrancement level at $19.6K, the price initiated a massive rally with a current high above $28K. However, the bulls couldn’t reach the...

Bitcoin’s price rallies after breaking above a significant resistance level. However, the 2022 bear market is not over yet until another critical level is broken to the upside. Technical Analysis By: Edris The Daily Chart On the daily chart, Bitcoin’s price had seen a massive uptrend over the past week, following a V-shaped rebound from the 200-day moving average located amid the $20K mark, followed by a decent breakout above the $25K resistance level. Currently, the price is...

Bitcoin’s price has surged over the last couple of days and has broken past a key resistance level. While the momentum is highly bullish, there are some caution signals to look out for. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has rebounded decisively from the significant 200-day moving average, located around the $20K mark a few days ago. Since then, the market has been trending impulsively to the upside, finally breaking above the $25K...

The instability of Circle’s USDC has caused extreme fear in the market, as stablecoins play a crucial role in the cryptocurrency industry. Bitcoin’s price was affected by the recent turmoil and has declined, but it faces a strong support level. By Shayan The Daily Chart Recently, the price of Bitcoin experienced a downtrend with noticeable bearish momentum after forming a reversal three-drives pattern and breaking down the neckline. The recent turmoil with USDC served as a...

After forming a bearish three-drives reversal pattern, the price has recently dropped below the neckline, delivering a significantly bearish signal for the short-term outlook. As of now, BTC faces an important support region at $21K. Technical Analysis By Shayan The Daily Chart As expected, the three-drives pattern resulted in a trend reversal and a decline in the price. Bitcoin was recently rejected below the neckline and is consolidating with very little momentum. However,...

Bitcoin’s price has been consolidating below a significant resistance level in recent weeks after continually failing to break it to the upside. While there is still a high probability for the price to break above this crucial point, multiple support levels are also available if a pullback were to occur. Technical Analysis By: Edris The Daily Chart On the daily chart, the price has been rejected from the key $25K resistance level multiple times recently. Currently, the 50-day...

Bitcoin’s price has been struggling to break above a significant resistance level and is currently experiencing a pullback, following the recent red days on Wall Street. Is it just a short-term correction or a beginning of a new bearish leg? Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price dropped shortly after getting rejected from the critical $25K level. The 50-day moving average around the $22K level would be the first likely support level,...

Bitcoin’s recent price spikes underline the demand and confidence in the crypto market. This resulted in a significant surge in many cryptocurrencies. However, the price still faces a critical resistance level of $25K before calling the bear market over. Technical Analysis By Shayan The Weekly Chart Looking at a bigger picture of Bitcoin’s price using the weekly timeframe, the price action looks similar to the final capitulation stage of the 2018 bear market. During the final...