Tag Archives: BTC 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...

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...

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...

Bitcoin’s price has recently fallen below the key $30K support level. Despite this, investors still have hope that the market will rebound. Technical Analysis By: Edris The Daily Chart: On the daily timeframe, the price has been consolidating above the $30K level before dropping below it. The 50-day moving average, located around the $29K mark, is currently providing support for the price. If this level holds, the market will be more likely to rally toward the $38K resistance...

Recently, the market has been relatively uneventful, with Bitcoin’s price showing slight volatility but lacking a clear direction. This uncertainty has left traders puzzled about what the next move might be. However, if Bitcoin’s price breaks above the $30K resistance region, there might be a positive turn, leading to a potential long-term uptrend. Bitcoin Price Analysis By Shayan The Daily Chart Taking a closer look at the daily chart, a bearish double-top pattern is visible...

Bitcoin’s price has exhibited significant volatility recently, surpassing its previous minor swing high while simultaneously encountering substantial rejection. Nonetheless, the price is approaching a crucial area, with the overall price action signalling a bearish outlook. By Shayan The Daily Chart A thorough analysis of Bitcoin’s daily chart reveals the formation of an evident bearish double-top pattern near the major resistance region of $30K. Additionally, the price is...

After the recent surge in Bitcoin’s price and the successful breakout above the significant $30K resistance level, the market is now undergoing a period of consolidation. However, noteworthy signals are emerging during this phase. Technical Analysis By: Edris The Daily Chart: On the daily chart, the price has repeatedly tested the $30K level since breaking above it recently. While this level has provided support so far, there are concerning indications in the form of a...

Bitcoin has been struggling to surpass the significant resistance region of $30K for some time now, despite an overall bullish outlook. Recent price movements have shown bearish signals that could potentially lead to a short-term reversal. Technical Analysis By Shayan The Daily Chart Bitcoin’s bullish rally has come to a halt upon reaching the crucial resistance region of $30K. This price range holds significant psychological resistance and has acted as a major barrier to the...

After a successful breakout above the critical $30K resistance level, Bitcoin’s price is currently maintaining its position above this level. However, there are concerning indications emerging that suggest a potential retracement or change in direction in the near future. Technical Analysis By: Edris The Daily Chart: After a strong bullish breakout above the crucial resistance level at $30K, the upward momentum in Bitcoin’s price has halted on the daily chart. The price is...

Bitcoin is facing challenges in surpassing the significant resistance at $30K, which has been holding the price for a prolonged period. If successful, this breakthrough would result in a bullish bias for the cryptocurrency in the medium term. By Shayan Bitcoin recently found support at both the static support level of $25K and the lower trendline of the channel. Consequently, the substantial buying pressure in this support region led to a significant surge, with the aim of...