Tag Archives: BTC Analysis

Bitcoin’s price has been consolidating below the $28K level over the last few days, failing to continue its momentum toward the $30K resistance level. The price is currently testing a key area and should be closely monitored. Technical Analysis By Edris The Daily Chart The BTC price has been trapped between the 50-day and 200-day moving averages on the daily chart, with the former located around the $27K mark and the latter near the $28K level. It is currently retesting the...

After a period of sustained upward momentum characterized by higher highs and higher lows, the price has reached a critical resistance zone where the 100 and 200-day moving averages intersect. This is a crucial juncture where the price could either undergo a pullback and enter a downtrend or break through the zone and aim for the $30K mark. Technical Analysis By Shayan The Daily Chart Analyzing the daily chart, Bitcoin went through a consolidation phase around the $25K mark...

Bitcoin’s price is currently situated in a critical area, and its reaction in the next few days will likely determine the market’s direction in the coming weeks. Technical Analysis By Edris The Daily Chart The price has recently surpassed the $27,500 resistance level on the daily timeframe after breaking above the 50-day moving average around the $26K mark. However, the price has been rejected by the 200-day moving average near the $28K level, leading to a pullback to the...

After a period of consolidation, Bitcoin has shown positive signs by reaching its previous swing high amidst market uncertainty. However, as the price approaches a critical resistance zone, there is a possibility of a rejection. Technical Analysis By Shayan The Daily Chart Examining the daily chart, Bitcoin appeared to be stuck around the $25K mark, providing little indication of its future direction. Nevertheless, a bullish divergence between the price and the RSI indicator,...

Bitcoin’s price is currently testing a key area, and its reaction could determine the mid-term price action of the market. Therefore, it would be beneficial to analyze the possible scenarios thoroughly. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been testing the 50-day moving average, located around the $26,500 level, over the last few days. In the event of a bullish breakout, Bitcoin is likely to move towards the $27,500 resistance...

Bitcoin’s price has recently rebounded from $25K support, but it is currently facing rejection from a key resistance zone. Technical Analysis By Edris The Daily Chart On the daily timeframe, the price has been rising after finding support near $25K. However, the 50-day moving average, around $27K, is pushing the price down. Another significant resistance level is the 200-day MA, trending near $28K. The price must overcome this resistance to retest the $30K level. Conversely,...

Bitcoin’s price has been consolidating above the $25K support level following the recent drop from the key $30K zone. However, for the price to reach a new high and break past $30K, there is still much work to do. Technical Analysis By Edris The Daily Chart On the daily chart, the price has been rejected from the $25K support level and is trending higher. Yet, the 50-day and 200-day moving averages around the $28K mark are two significant resistance levels that the market...

After experiencing a significant downward move that brought Bitcoin’s price quickly close to the $25K threshold, bearish momentum has temporarily subsided, giving way to a phase of consolidation marked by low volatility. Despite this, the most likely scenario for Bitcoin appears to be a period of sideways movement followed by a temporary retracement towards the 100-day and 200-day moving averages (MAs). Technical Analysis By Shayan The Daily Chart The recent wave of intense...

Bitcoin has been following a bearish price action over the last few weeks following the rejection from the critical $30K resistance level. Yet, there is still hope to recover. Technical Analysis By Edris The Daily Chart The price has dropped significantly from the $30K resistance zone on the daily timeframe, breaking below both the 50-day and 200-day moving averages. The $25K support level is currently holding it. Yet, the 200-day moving average, located around the $28K mark,...

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...