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Tag Archives: BTC Analysis

Bitcoin Pushes Above $17K But is Another Crash Inbound? (BTC Price Analysis)

Following a massive decline in early November, Bitcoin’s price has consequently suffered from extremely low volatility. The cryptocurrency has been consolidating with serious downward momentum since this significant drop. Technical Analysis By Shayan The Daily Chart After falling below both the yellow trendline and the significant support level of $18K, the price is seeing very low volatility on the daily chart. A pullback to the trendline and the broken level is necessary...

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These Are The Two Critical Levels for BTC to Determine the Mid-Term Trend (Bitcoin Price Analysis)

Bitcoin’s price is approaching a significant level, which could prove decisive for the mid-term trend of the market. Although there are some positive signs on the technical charts, it remains too early to decide whether a new bullish phase is on the horizon. Technical Analysis By: Edris The Daily Chart: On the daily chart, Bitcoin’s price has been forming a large falling wedge over the last few months. The price has recently bounced back from the lower boundary of the pattern...

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Positive Signs Flash for Bitcoin But This Level is a Major Obstacle (BTC Price Analysis)

Bitcoin’s price action has rebounded significantly while testing key support levels. The next few days could determine whether the market would start a mid-term recovery or the gruesome downtrend would still continue. Technical Analysis By: Edris The Daily Chart: Looking at the daily chart, the correction has been halted over the last couple of weeks above the $16K support level. Regardless, bullish momentum is still lacking, and the price has failed to retest the $18K level....

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Did Bitcoin Bottom or Is Another Drop to $15K in Play? (BTC Price Analysis)

It’s clear that the market remains fearful of potential contagion from the FTX fallout. As a result, market participants are offloading their assets from the exchanges, which might trigger the last phase of this bearish cycle’s capitulation. Technical Analysis By Shayan The Daily Chart The market has likely entered a new phase of short to mid-term consolidation as the price dropped significantly. Nevertheless, during the consolidation phase, the price might retest the...

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Was This Capitulation or More Pain Ahead for BTC Following the FTX Bankruptcy? (Bitcoin Price Analysis)

Market participants are going through a period of fear and uncertainty as the FTX exchange has recently announced bankruptcy after facing a massive liquidity crunch. As a result, Bitcoin plunged and marked a new low at $15.5K. Technical Analysis By Shayan The Daily Chart The $18K level had been supporting the price for several months. However, Bitcoin was recently rejected and experienced a massive shakeout, plunging beneath it following massive bearish momentum. The market...

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Worrying Signs for BTC But is a Drop Below $20K in Play? (Bitcoin Price Analysis)

Bitcoin has finally surpassed the 100-day moving average, which has been the most powerful resistance to the price for the last five months. After a short-term period of consolidation, the cryptocurrency went through another spike, returning the bullish sentiment to the market. However, Bitcoin is soon to confirm a bullish trend reversal as the price has reached a significant resistance region and marked multiple bearish signs in lower timeframes. Technical Analysis By...

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Bitcoin Price Analysis: After Spiking to 7-Week High, Can BTC Target $24K Next?

After recording its highest daily close since September, breaking above the 100-day moving average line, Bitcoin’s price eyes higher targets. Technical Analysis Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price just broke above the 100-day moving average resistance line after multiple rejections during the last couple of weeks. this is the first time it succeeds since September, and if the price holds another day above it – it will become the...

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Recent Rally: Bull Trap or Start of a Bull Wave for BTC? (Bitcoin Price Analysis)

Bitcoin’s short-term price action is still hanging in the balance, as it is currently consolidating in a key area. The next few days could determine whether the recent rally was really the beginning of a new bull market or just another bull trap. Technical Analysis By: Edris The Daily Chart On the daily timeframe, after breaking above the long-term bearish trendline and retesting both the trendline and $18K, the price has been trapped between two significant dynamic levels;...

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Bitcoin’s Rally Halted at $21K, This Level Must Hold to Prevent Another Bearish Move (BTC Price Analysis)

Bitcoin is struggling to continue the recent rally, as the price has been retracing over the last few days. However, considering the significant support levels available, the short-term future is still looking bright for the bulls. Technical Analysis Technical Analysis By: Edris The Daily Chart: Looking at the daily timeframe, the last week’s rally has come to a halt, as the price is yet to break above the $21K mark. The 100-day moving average is currently acting as an...

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Bitcoin Price Analysis: The Danger is Not Over Yet, Despite BTC’s 6-Week High

After getting rejected by the mid-term descending trendline for several months, Bitcoin finally broke above this obstacle and now attempting to surpass the 100-day moving average line. However, the momentum hasn’t turned bullish yet, whereas BTC had formed a bearish reversal pattern in the lower timeframes. As of yet, there is no sign of a trend reversal in the price action. Technical Analysis By Shayan The Daily Chart Bitcoin has formed a bearish triangle pattern and found...

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