Tag Archives: BTC Analysis

The recent spike in bitcoin’s price left many market participants in a well-known phase called “Disbelief.” Many technical analysts were waiting for the RSI indicator and price trend to break above the long-lasting resistance line that was formed in the daily time frame. Here, this break out is investigated from both technical and onchian perspectives. Technical Analysis By: Shayan Long-Term Bitcoin had been stuck below an important resistance trendline (blue line) for a...

The recent unexpected price action in the market has led to some positive changes in the sentiment. However, there are many analysts that remained skeptical because of the uncertainty at the macro level. Here, we discuss the important technical confirmations for a mid-term trend reversal and investigate the holders’ behavior during the recent price downfall to $32.9K. Technical Analysis By: Grizzley Long Term Most technical analysts believe that consolidating the price below...

The technical indicators are showing weakness in the short term. The onchian activity of retailers as a reaction to volatile market is still rising. This can be translated to the high probability of a side chopping market in the mid-term. In a low trade volume phase, such as the current market condition, capitulation events are expected more than ever. Technical Analysis By: Grizzley Long-Term: On the daily timeframe, the recent uptrend was stopped by touching the low band of...

While bitcoin is recovering from its massive 50% crash since reaching the ATH in November 2021, the onchain and technical indicator are not showing strong momentum and signs of a bull run renewal. The market structure is similar to 2021’s Jun – July bottom, and without a catalyst, a likely case for bitcoin is to be traded sideways in the mid-term. Technical Analysis By: Grizzley Long-Term: The Daily On the daily timeframe, by examining historical data of the previous two...

After a bloody week, the bitcoin price is slowly recovering, following a 50% drop since recording the ATH level of $69K during November 2021. The following analysis will discuss two possible scenarios going forward, from a technical point of view. Technica Analysis By: Shayan Long-Time Frame: The Daily Looking at the daily chart, the BTC price has been recovering since it plunged over 50%, plunging below $33K last Monday. However, Bitcoin is still beneath two critical...

Considering the technical and on-chain data, a possible bounce back in the short term is possible. Though, in an uncertain environment from the macro perspective, a strong price recovery seems less likely. Technical Analysis By: Edris Daily timeframe: The downtrend in Bitcoin’s continues as we approach the bulls’ last stronghold. The daily chart shows that the price has been consolidating extensively over the previous year. We are currently moving down towards the lower band...

During the recent weeks, the cryptocurrency markets have plunged due to fear at the macro-level (risk off). In this analysis, we will take a closer look at the bitcoin price from the Technical, Onchain, and Options Markt standpoints and discuss the possible scenarios in the short and mid-term. Technical Analysis By: Shayan Long-Term Analysis We can observe how the price organically evolves into a larger corrective structure following the first bullish impulse phase. A few...

In an indecisive spot market, the low liquidity in the order book allows the aggressive traders to take control, leading to unexpected volatility. Currently, the futures market may see more liquidations before any price recovery. Technical Analysis Daily Timeframe The image below shows that bitcoin is in a strong downtrend, and the bears are in charge. However, we’re in a zone that can hold the price for a few days or even weeks. Additionally, the RSI indicator, which helps...

The past hours saw a massive sell-off, causing an unexpected and enormous plunge to sub-$40K in the price of Bitcoin. The onchain data is showing an absolute capitulation phase in the market, which was intensified by long-term holders just before the crashing to $35K. Long Term Analysis: The Daily Chart Yesterday, Bitcoin lost a critical support range at $37K – $40K. As shown in the chart below, before the price decline beneath $40K, both 50-DMA and 100-DMA lines have crossed...

Despite the relatively long consolidation phase in the past few weeks, the options traders, alongside the on-chain metrics, are showing uncertainty. The fear on the macro scale is affecting both the cryptocurrency and stock market. Options Market Analysis This Friday, January 21st, approximately $538 million worth of Bitcoin options contracts will expire on Deribit. The max pain scenario is for the price to be at $43K for this expiry. Calls for the $44K strike price have the...