Tag Archives: BTC Analysis

Bitcoin has surprised everyone once again. Last week, things seemed very bearish for risk assets as the Russian invasion started, followed by a massive collapse of the global markets and Bitcoin. Bitcoin’s price dropped rapidly, even breaking below the $36K level. However, demand came in, and the price was quickly pushed back above the mentioned support and rallied towards the $45K zone. Technical Analysis By: Edris Long-term: The Daily Chart The 50-day moving average was...

Bitcoin underwent some volatile days over the past week, facing its first geopolitical severe conflict throughout its relatively short lifetime. The macro fear has yet to cool down, but judging by the last few days, bitcoin surprised the investor with a huge bounce back from $34K. This buying pressure was from FTX and Bitfinex exchanges and pushed the price to $40K, in correlation with Wall Street’s Thursday reversal (Nasdaq saw a 7% intraday surge). The uncertainty and fear...

Bitcoin is forming a consolidation structure in both the daily and 4HR time frames. Based on the number of active users on the network – the lack of demand among retail investors is still evident. Therefore, any sudden change in market sentiment can lead to unexpected volatility. Technical Analysis By: Shayan Long-Term Bitcoin got rejected from the multi-month descending trendline after failing to sustain its bullish surge. It has also broken down the 50-Day moving average...

Though the major static and dynamic support lines failed on a daily time frame, the long-term holders’ sell pressure (inflows to all exchanges) was reduced after failing the $39K support levels. A consolidation phase in the $36K-$40K range is the most expected behavior for the mid-term window. Technical Analysis By: Edris Long-Term Bitcoin price has lost two significant supports in the last couple of days, and the hopes for a recovery turned into fear. BTC is currently...

After bitcoin’s move towards $45K turned into a fakeout as BTC got sharply rejected, the recent price action turned short-term bearish, with a critical level to watch at $40K. The uncertainty and the low liquidity status in the crypto markets have led to a volatile period that is also highly correlated with the global markets. Fundamentals such as the Ukraine – Russia conflict affect both global and the crypto markets. Following two disappointing weekly candles, Bitcoin eyes...

Despite the relatively positive technical structure in the short time frame and the early signs for a bullish sentiment in the futures market, the macro factors are still acting as a source of uncertainty. Technical Analysis By: Edris Long-Term Bitcoin’s price is still consolidating above the $40k mark. Last week, it was rejected by the $46k area, making a pullback towards the broken 50-day moving average. The 50-day MA successfully supported the price, pushing it towards the...

Bitcoin has been supported by the dynamic and static support levels on the daily frame. However, from an onchain perspective, the intensity of whale activities is signalling a possible sell pressure in short term. It remains to be seen if it can be absorbed by the buyers and seeing bitcoin breaking above the next major resistance around $48K. Technical Analysis By: Shayan Long-Term Bitcoin has been supported by the 100-day moving average and the $40K-$42K support zone...

The Taker Buy/Sell Ratio shows that the recent rebound from $33K to $43K has created some positive momentum in the market. On the other side, technical analysis is signaling a correction in the short term. Amid market ambiguity, the best bet is usually to wait it out and see what side prevails as volatility is expected. Technical Analysis  By: Edris Long-Term Bitcoin is still recovering from the 50% crash from its all-time high ( $69K) in November 2021. Recently, the price...

Following green days, Bitcoin encountered resistance at $45K. Together with the negative momentum of the global markets, Bitcoin got heavily rejected and retraced below $42K. Looking at the Stablecoin Supply Ratio, there is a substantial amount of ‘dry powder’ sitting aside, indicating the potential buying power. Meanwhile, the price action sees a pullback phase back to the latest crossed dynamic resistance level. All in all, this short-term correction is a healthy step for a...

The positive momentum in the crypto markets is now being shadowed by a cross of two significant moving average lines. A death cross occurs when the MA-50 crosses below the MA-200 line. This time, the cross was between the MA-100 crossing below the MA-200 line. Reviewing the historical incidents where this cross took place, the market has reacted negatively last time, causing a 15% correction in June – July 2021 following the previous incident of a death cross. Technical...