Tag Archives: BTC Analysis

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...

Bitcoin’s bullish momentum is strong over the past couple of days, as the price has broken another significant dynamic resistance level to the upside. However, there is still work to do in order for the trend to be considered positive. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price has finally broken above the 50-day moving average after rebounding from the $18K support level. The broken bearish trendline has also acted as support, pushing BTC...

Bitcoin’s price continues to trade sideways as no big movements in either direction have taken place. As of this writing, the $18K and $20K levels are yet to be broken. Technical Analysis By: Edris The Daily Chart On the daily timeframe, the price recently retested the broken, bearish trendline and the $18K support level. These levels provided enough support to prevent another dip toward lower prices. However, the 50-day moving average located at around $19K is persisting as...

Bitcoin’s price has been trapped inside a consolidation range between $18K and $25K for months already, and is trading sideways with extremely low volatility. However, the primary cryptocurrency is now closer to the lower boundary of the range around $18K, and if this level breaks, we can expect new yearly lows. Technical Analysis By Shayan The Daily Chart The following chart indicates that the market suffers from insufficient activity and a lack of demand. As a result, the...

Today, BTC went through some massive volatility. Accordingly, the trading volume on Binance increased exponentially. The price is struggling to hold above the $18K level, and the potential for further correction is causing fear across the market. Technical Analysis By Grizzly The Daily Chart: On the daily chart, Bitcoin is trading slightly above $18K, one of the lowest levels since the market crash in June. Throughout this period, this crucial level (in yellow) has been...

The crypto market continues to go through a phase of uncertainty and low volatility alongside steady price action. Currently, Bitcoin is trapped in a range, and the direction it takes to break away from it would determine the cryptocurrency’s mid-term direction. Technical Analysis By Shayan The Daily Chart Despite the descending multi-month trendline acting as significant resistance, the price has broken through and formed a pullback. However, at this moment, the bullish...

Just as Bitcoin began to show some bullish potential for a possible trend reversal, the price got rejected from the significant resistance level of $20K. BTC is in a crucial zone, as the price action in the next few days could determine the short-term to the mid-term trend. Technical Analysis By: Edris The Daily Chart The bitcoin price recently rebounded from the $18K support level and broke above the significant bearish trendline that started forming when BTC touched the...

The market is currently attempting a recovery that might take the price up to $22K after being supported by the critical $18K level. However, there is significant resistance at around $20K. The bearish phase appears far from over as the substantial lack of demand in the market continues. Technical Analysis By Shayan The Daily Chart The descending multi-week trendline (currently at $20.5K) has been acting as significant resistance to the price for the past five months....

Bitcoin has yet to make a decisive move in any direction as the primary cryptocurrency continues to wrestle with the $18K support level. A bearish breakout below this position could be disastrous. Technical Analysis By: Edris The Daily Chart Bitcoin’s price overlaps with crucial support on the daily timeframe, as it oscillates in a very tight range between the significant descending trendline and the $18K support level. With minimal wiggle room between these levels, a...

Bitcoin’s bearish period still seems far from over as the price has been trapped in a consolidation region between $18K and $25K for the past four months. However, BTC is closer to breaking down the lower boundary, as it seems recently. Technical Analysis By Shayan The Daily Chart The 100-day moving average line, currently at $21.2K, has been acting as significant resistance to the price. In comparison, the $18K substantial support level remains the most critical price point...