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Tag Archives: BTC Analysis

Can BTC Bulls Continue the Rally Above $52K or is a Correction Imminent? (Bitcoin Price Analysis)

Bitcoin’s price has been rallying consistently over the last few weeks, breaking past several resistance levels. Yet, some worrying signs are starting to emerge. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has rallied toward the $52K resistance level after a rebound from $40K earlier in January. While the market is testing the $52K level, the Relative Strength Index is demonstrating a clear overbought signal. This could point to a...

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Here’s the First Support in Case BTC Corrects Following the Surge Above $52K (Bitcoin Price Analysis)

After experiencing heightened buying pressure and a robust surge, Bitcoin’s price has breached a significant resistance region, notably the psychological threshold of $50K and the upper boundary of the multi-month ascending channel. This signals a notable bull market, with investors eyeing the possibility of Bitcoin reaching new all-time highs in 2024. Technical Analysis By Shayan The Daily Chart Upon careful examination of the daily chart, it’s clear that Bitcoin’s price has...

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Will BTC Soar to an All-Time High in February Following 13% Weekly Push? (Bitcoin Price Analysis)

Bitcoin’s price has finally created a new higher high, following weeks of consolidation and correction. This has caused many investors to believe that a new all-time high will be created in the upcoming months. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has broken above the key $48K resistance level after a previous rejection. Bitcoin is currently targeting the $52K resistance level in the short term. Meanwhile, the Relative Strength...

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Bitcoin Price Analysis: This Needs to Stop for BTC to Finally Reach $48K Soon

After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside. Yet, the uptrend may be far from over. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and breaking out in either direction is likely to dictate...

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Bearish Signs Appear as BTC Unable to Claim $43K Successfully (Bitcoin Price Analysis)

After encountering a significant rejection at the $48K resistance level, Bitcoin has recently discovered support near the crucial 100-day moving average, prompting a slight retracement. However, if a pullback materializes, the most likely scenario would involve a renewed bearish leg, targeting significant support at $38K. Technical Analysis By Shayan The Daily Chart Upon analyzing the daily chart, it becomes apparent that following Bitcoin’s recent setback from the pivotal...

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Bitcoin Soars Toward $43K: How High Can it Get? (BTC Price Analysis)

Bitcoin’s prolonged downward correction has encountered a pause in the vicinity of a significant support area, primarily defined by the 200-day moving average, sparking a slight rebound. However, the recent uptick appears to lack the necessary momentum, suggesting a potential phase of sideways consolidation. Technical Analysis By Shayan The Daily Chart A thorough examination of the daily chart reveals a temporary halt in Bitcoin’s recent correction near a pivotal support...

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Bitcoin Price Analysis: Are the Bulls Back or Will BTC Stall at $42K?

Bitcoin’s price has been making lower highs and lows recently, following a decisive rejection from the significant $48K level. Investors are now wondering whether the uptrend is over or a new all-time high is still on the cards. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been formed and broken below an ascending channel below the $48K resistance level. This is a corrective (or bearish reversal) pattern, especially in case the price...

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Is Bitcoin About to Drop Lower or is the Worst Over Following the Crash Below $39K? (BTC Price Analysis)

Bitcoin’s retracement has expanded, driven by heightened selling pressure, pushing the price toward a pivotal and decisive support region that includes the critical 200-day moving average and the middle boundary of the ascending channel. The price action within this significant range holds paramount importance in shaping Bitcoin’s future trajectory. Technical Analysis By Shayan Bitcoin Price Analysis: The Daily Chart Upon analyzing the daily chart, it becomes evident that...

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Is BTC About to Break Below $40K or is the Bull Market Going to Conitnue? (Bitcoin Price Analysis)

Despite positive developments such as the approval of Bitcoin spot ETFs by the U.S. Securities and Exchange Commission, Bitcoin’s price encountered significant rejection, resulting in a notable 17% decline. However, as the cryptocurrency approaches a crucial support region, there is potential for a renewed bullish movement. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, Bitcoin’s attempt to overcome the substantial resistance at $48K was met with...

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Bitcoin ETF Aftermath: Is $50K Next? (BTC Price Analysis)

Bitcoin’s price has undergone a consistent surge following the recent announcement of SEC ETF approval, reaching a crucial resistance region. This price range includes the upper boundary of the ascending channel and the static resistance at $48K, presenting challenges in reclaiming this significant level. Technical Analysis By Shayan The Daily Chart A comprehensive analysis of the daily chart reveals a sustained uptrend in the price, approaching a substantial resistance zone....

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