Tag Archives: BTC Analysis

Recently, the market has been relatively uneventful, with Bitcoin’s price showing slight volatility but lacking a clear direction. This uncertainty has left traders puzzled about what the next move might be. However, if Bitcoin’s price breaks above the $30K resistance region, there might be a positive turn, leading to a potential long-term uptrend. Bitcoin Price Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, a bearish double-top pattern is visible...

Bitcoin’s price has exhibited significant volatility recently, surpassing its previous minor swing high while simultaneously encountering substantial rejection. Nonetheless, the price is approaching a crucial area, with the overall price action signalling a bearish outlook. By Shayan The Daily Chart A thorough analysis of Bitcoin’s daily chart reveals the formation of an evident bearish double-top pattern near the major resistance region of $30K. Additionally, the price is...

After the recent surge in Bitcoin’s price and the successful breakout above the significant $30K resistance level, the market is now undergoing a period of consolidation. However, noteworthy signals are emerging during this phase. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has repeatedly tested the $30K level since breaking above it recently. While this level has provided support so far, there are concerning indications in the form of a...

Bitcoin has been struggling to surpass the significant resistance region of $30K for some time now, despite an overall bullish outlook. Recent price movements have shown bearish signals that could potentially lead to a short-term reversal. Technical Analysis By Shayan The Daily Chart Bitcoin’s bullish rally has come to a halt upon reaching the crucial resistance region of $30K. This price range holds significant psychological resistance and has acted as a major barrier to the...

After a successful breakout above the critical $30K resistance level, Bitcoin’s price is currently maintaining its position above this level. However, there are concerning indications emerging that suggest a potential retracement or change in direction in the near future. Technical Analysis By: Edris The Daily Chart: After a strong bullish breakout above the crucial resistance level at $30K, the upward momentum in Bitcoin’s price has halted on the daily chart. The price is...

Bitcoin is facing challenges in surpassing the significant resistance at $30K, which has been holding the price for a prolonged period. If successful, this breakthrough would result in a bullish bias for the cryptocurrency in the medium term. By Shayan Bitcoin recently found support at both the static support level of $25K and the lower trendline of the channel. Consequently, the substantial buying pressure in this support region led to a significant surge, with the aim of...

After an extended period of consolidation, Bitcoin’s price has successfully surpassed the critical $30K resistance level. However, it is important to exercise caution within the market, particularly in the short term. Technical Analysis By: Edris The Daily Chart On the daily timeframe, Bitcoin’s price has experienced a rapid upward movement in the past week, following a strong bounce from the $25K support level. The resistance at $30K has been exceeded, and the price is...

The Bitcoin price remains in a consolidation phase below the $30K resistance level following its unsuccessful attempt to break above it a few weeks ago. Nonetheless, several nearby support levels have the potential to act as catalysts for a possible bounce. Bitcoin Price Technical Analysis By: Edris The Daily Chart: On the 4-hour chart, the price is still trapped inside the large descending channel and is on a slow downtrend, making lower highs and lows. Currently, the $26K...

The price of Bitcoin is currently on a downward trajectory since it faced resistance at $30K in April. However, there are notable support levels that may prevent further decline. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the Bitcoin price has consistently formed lower highs and lows in the past couple of months. The 50-day moving average acted as a strong resistance, causing a downward rejection near the $28K level. Following yesterday’s rebound,...

Bitcoin’s price is currently going through a phase of consolidation and has reached the 100-day moving average of $26,922. However, two significant support areas ahead on its path could potentially halt the ongoing decline and trigger the next bullish rally. Technical Analysis By Shayan The Daily Chart During the consolidation correction stage, BTC dipped slightly below the middle trendline of the ascending channel and tested it as a pullback. However, the Bitcoin price...