Tag Archives: BTC Analysis

Bitcoin’s price has been increasing consistently lately, continuing its bullish phase since the beginning of the year. However, the market is currently at a key resistance level, and its reaction is essential for the trend in the next few months. Technical Analysis By:Edris The Daily Chart: On the daily timeframe, the price has finally broken out of the tight consolidation range around the $28K mark, aggressively attacking the $30K resistance. This level is both a crucial...

After a lengthy period of uncertainty, Bitcoin’s price has finally managed to break through a critical technical resistance level. This has led some investors to question whether the bear market has finally come to an end or if this recent rally is just a bull trap, a temporary rise in price. Technical Analysis By Shayan The Daily Chart Bitcoin has reached a significant and decisive resistance region of $30K, bringing back the bullish sentiment in the market. Now that the...

Bitcoin’s recent upward trend has ceased, and the price has entered a phase of steady consolidation with no clear direction. The cryptocurrency is currently in a crucial zone, and in order to surpass the significant obstacle of the $30K resistance level, there must be an increase in demand and buying power. Technical Analysis By Shayan The Daily Chart Bitcoin has recently reached a critical zone of $30,000, which has proven to be a significant resistance level.. This level...

Bitcoin’s recent uptrend has come to a standstill, with its value decreasing from a nine-month peak of $29,180 to $26,900 in the past week. Currently, the price is situated in a crucial zone, and to surpass this significant barrier posed by the $30K resistance level, greater demand and buying power must be generated. Technical Analysis By Shayan The Weekly Chart Bitcoin’s price has recently reached a critical price zone of $30,000. The chart shows that this range is a...

Bitcoin’s price has been stuck in a tight static range between $25K and $30K, consolidating without a clear direction. It must break out of this critical range to determine its future direction. Technical Analysis By Shayan Daily Chart Bitcoin’s price has formed an ascending channel on the daily timeframe and is attempting to surpass the upper trendline. However, the channel’s upper boundary roughly aligns with the major resistance region of $30K, creating a robust barrier in...

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...