Technical Analysis

Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.

Markets

Bitcoin Range-Bound; Support at $27K, Resistance at $33K

Technical indicators are neutral, and upside appears limited from here.

By Damanick DantesMay 24, 2022

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Holds Support at $27K-30K; Resistance at $35K

A brief relief bounce is likely, similar to what occurred in late February and late March.

By Damanick DantesMay 23, 2022

Gráfico diario de bitcoin con soporte/resistencia. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Drifts Lower, Support at $25K-$27K

BTC is roughly flat over the past week. Technical signals suggest a neutral to bearish outlook.

By Damanick DantesMay 20, 2022

Bitcoin's weekly chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Returns Above $30K, Resistance at $35K

BTC appears oversold, although trading conditions have been choppy over the past few days.

By Damanick DantesMay 19, 2022

El gráfico diario de bitcoin muestra el soporte/resistencia con el RSI en la parte inferior. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Struggles to Hold Support at $27K-$30K

BTC is testing an important support zone, although long-term momentum remains weak.

By Damanick DantesMay 18, 2022

Gráfico diario de soporte/resistencia de bitcoin. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Rises to $30K; Resistance at $35K

BTC is on track to register a positive momentum signal on the daily chart.

By Damanick DantesMay 17, 2022

Bitcoin daily chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Struggles at $27K-$30K Support Zone; Resistance at $35K

BTC's upside appears limited despite short-term support.

By Damanick DantesMay 16, 2022

Gráfico diario de soporte/resistencia de bitcoin. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Oversold, Resistance at $33K-$35K

BTC is on track for its first consecutive seven-week decline.

By Damanick DantesMay 13, 2022

Bitcoin's weekly price chart shows support/resistance with the RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Holding Support Above $27K; Resistance at $35K-$40K

BTC is oversold and could see a short-term relief bounce.

By Damanick DantesMay 12, 2022

Bitcoin's daily chart shows support/resistance with RSI on the bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Struggles Near $27K-$30K Support Zone

BTC is deeply oversold, but upside appears limited.

By Damanick DantesMay 11, 2022

Bitcoin daily chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)
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Latest Crypto News

Today
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Positive
Solana’s new phase is ‘much more about finance,’ says Backpack CEO Armani Ferrante
The Solana ecosystem has spent the past year doubling down on a financial infrastructure, Backpack CEO Armani Ferrante told CoinDesk.
5:48 PM
Negative
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Neutral
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