Tag Archives: BTC Analysis

Despite being up about 5% on the day, BTC’s price took a beating in the past couple of days. It appears that the bulls are attempting to retake control, although the shot at $47K from earlier today has so far been unsuccessful. Technical Analysis By: Edris Daily timeframe: Chart by TradingViewBitcoin’s price is struggling to recover, and it is still trading below the 200-day moving average. This level is one of the most common indicators to determine whether an asset is in a...

After almost three months of consolidation, Bitcoin’s price finally broke out of the $33 – $46K range. The Daily Timeframe Technical Analysis By: Edris The price has broken above the $46K resistance zone following a parabolic move and is currently testing the 200-day moving average line (MA) amid $48K. This moving average is a significant trend indicator and if the price breaks above it, the trend would be considered bullish again. The next key resistance lies at the $52K...

It finally happened: After four failed attempts during the first months of 2022, Bitcoin managed to overcome the critical resistance line at $46K and the hope returned to the market. While the bears struggled to defend this area, the bulls were able to take control by liquidating more than $400 million of open positions. Most of the indicators are now in the bullish zone. Technical Analysis by Grizzly The Daily Chart On the daily timeframe, the ROC 30d indicator was able to...

Following a bullish rebound over the past few days, Bitcoin has once again reached the critical resistance zone of $45K. The good news is that the price has broken above the 100-day moving average line, followed by a bullish rally compiled of five green daily candles. The Daily Chart Technical Analysis By Shayan The BTC price is currently aiming for another attempt to break the critical resistance level of $45K. If it succeeds, breaching above the $46K supply zone could be...

Bitcoin is resuming its flat price action, consolidating inside a huge bearish flag. Currently, the price is struggling with the $42K level. In case of a breakout and a higher high above $42K – Bitcoin will likely head towards $46K. The $46K – $48K area is significant from both the classical price action and supply and demand perspectives, as it forms the top trendline of the bearish flag pattern, along with a critical supply zone. The Daily Chart Technical Analysis by Edris...

Since early 2022, Bitcoin has been in a ranging phase, resulting in two crucial supply and demand levels. There seems to be a lot of demand in the form of bids and stop-losses above $45K, making it a significant level to watch. Technical Analysis The Daily Chart: Technical Analysis By Shayan As the daily chart illustrates, the price has been supported by the significant support level at $37K, which has led to a break out of the RSI’s resistance trendline and now is attempting...

Since January 2022, Bitcoin has been experiencing significant volatility. The following chart shows an evident supply zone at the $45-46K price area, marking it the range’s top and the main barrier for the BTC price to reach out for a possible retest of the $50-60K channel. On the other hand, a distinguished demand area at the $33-35K region marks this area as the lower consolidation boundary. The Daily Chart Technical Analysis by Shayan Currently, the price stabilizes above...

Bitcoin has been trading sideways in the past few weeks. It is still consolidating between the $36K and $45K levels, liquidating both bulls and bears on multiple occasions. With the current economic and geopolitical uncertainty, it would be wise to consider the worst possible case and plan it. Technical Analysis By: Edris The Daily Chart: On March 7th, BTC rebounded from the lower boundary of the range and broke above the 50-day moving average. The next day, it regained the...

Bitcoin’s price has been declining over the past few days, almost reverting all gains from the past greenish week. In fact, Bitcoin lost over $6K over the past 3-days. However, there is a positive sign for the bulls: Despite the fear and uncertainty in the market, the divergence between the long-term holders (accumulating) and short-term holders (spending in loss) is much more significant in this crash compared to May 2021’s 50% drop. Technical Analysis By: Edris The Daily...

The past seven days had been a blast for Bitcoin, after soaring to the top of the trading range between $34K and $46K. However, it got sharply rejected, reaching the resistance zone amid the $45K area, along with an ascending trendline. Technical Analysis By: Shayan Long-Term: The Daily Chart Right now, there is potential selling liquidity above the $46K area and considerable buying liquidity below the $35K area. Moreover, there is an apparent divergence between the price and...