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Tag Archives: BTC Analysis

BTC’s In Danger, This is The Most Critical Level Now (Bitcoin Price Analysis)

Bitcoin experienced an unanticipated decline from the $29K mark, leading to a substantial breakdown of the pivotal 100-day and 200-day moving averages. Following the bearish trend, how low can BTC go? Technical Analysis By Shayan The Daily Chart After plummeting from the $29K threshold, Bitcoin’s price dropped below the critical 100-day and 200-day moving averages, finding support amid the significant $25K level, where a bounce was initiated. This sudden upward surge was a...

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BTC’s Still Below the Key Level Despite the Grayscale Surge (Bitcoin Price Analysis)

Bitcoin’s price surged yesterday, bouncing from a critical support level. The surge came following the Grayscale news. However, a bearish continuation is still possible if the price remains below the 200-day moving average. Technical Analysis By Edris The Daily Chart On the daily chart, the price has finally demonstrated some bullish price action after finding support at the $25K level. The 200-day moving average, located around the $27,500 mark, is currently being tested. A...

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BTC Must Hold this Level, Otherwise $25K Breakdown is Likely (Bitcoin Price Analysis)

Bitcoin’s price shows a very low intent to recover following the recent drop last week. Things are not looking positive in the short term. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been consolidating inside a tight range over the last few days, following a massive drop from the $30K critical resistance zone. The 200-day moving average has also been broken to the downside, which is a clear bearish trend signal. Yet, considering the oversold...

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Despite the Crash to $25K, is a Bitcoin Bull Market Still in Play? (BTC Price Analysis)

Bitcoin’s price has recently crashed, losing nearly $5,000 in one day. The following analysis looks at the details behind the crash and how it affects the overall market’s trend. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rejected from the $30K resistance level multiple times in recent months. The last rejection from this level and the 50-day moving average near the same price have initiated a significant drop to the downside. BTC...

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How Low Can BTC Go Following the 11% Weekly Crash? (Bitcoin Price Analysis)

After a prolonged period of silence near the critical $30K threshold, the price has encountered significant rejection, resulting in a swift and rapid decline. However, the current scenario shows the price consolidating close to the crucial support range of $25K, where it could potentially find a bottom and halt further downtrends. Technical Analysis By Shayan The Daily Chart Following a minor corrective phase, where a bearish divergence occurred between the price and the RSI...

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BTC Bears Target $28.5K as Price Unable to Push $30K: Bitcoin Price Analysis

Bitcoin’s price movement has remained stagnant after being rejected from the critical resistance zone at $30,000. However, it is currently consolidating near a pivotal support area, which includes both the 100-day moving average and the lower boundary of a multi-month ascending channel. Technical Analysis By Shayan The Daily Chart The daily chart analysis shows that the price entered a slight corrective phase at the beginning of July, marked by diminished volatility and...

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BTC Soars to $30K as Bulls Target This Level Next (Bitcoin Price Analysis)

A prolonged struggle has been ongoing between buyers and sellers centered around the 100-day moving average. The price has been exhibiting remarkably low volatility, which suggests a state of indecision in the market. The price action within this pivotal price range could potentially indicate Bitcoin’s future price movement. Technical Analysis By Shayan The Daily Chart The daily chart depicts a corrective movement following the rejection at $30K. This movement is...

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Signal Not Seen Since Feb 2018 Flashes: Is BTC in Danger? (Bitcoin Price Analysis)

In mid-July, Bitcoin attempted multiple times to break the significant resistance at $30K but ultimately failed and declined toward the 100-day moving average. Nevertheless, the price is currently trading within a critical range, and a breakout could trigger a substantial price movement. By Shayan The Daily Chart On the daily chart, the 100-day moving average is acting as a support level, preventing further declines. However, it has been unable to push the price back above...

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Two Possible Targets for BTC in the Short Term (Bitcoin Price Analysis)

Bitcoin’s price action has been relatively stagnant over the past few days. The market is still hanging around the $30K level, but this consolidation phase will not continue forever. Technical Analysis By: Edris The Daily Chart: On the daily chart, the 50-day moving average is currently holding the price around the $30K level. However, it has failed to push the market back above the $30K mark over the last few days. There is a probability for the price to break to the...

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Bitcoin Price Analysis: Is a Crash to $27K Imminent for BTC? Key Factors to Watch in the Coming Days

Bitcoin’s price is yet to recover above the $30K level after falling below a few days ago. However, the price is currently being supported at around $29,000. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been consolidating in a very tight range below the $30K level. The 50-day moving average is around the $29K mark at the moment. If it gets broken to the downside, the 200-day moving average located around the $27K level would be the next...

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