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.

Technical Analysis

Markets

Bitcoin Breaks Above $46K, Resistance at $48K-$51K

Momentum turned positive for the first time since July, although a significant price rally could be delayed.

By Damanick DantesMar 28, 2022

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Could Reach $53K on Triangle Break, Impending Bull Cross, Analysts Say

The cryptocurrency's two-month triangular consolidation ended early Monday with a convincing move to $47,000.

By Omkar GodboleMar 28, 2022

Traders make bullish forecasts after bitcoin's escape from a triangular consolidation . (Source: Pixabay, PhotoMosh)

Markets

Market Wrap: Bitcoin Outperforms as Crypto Bulls Take a Breather

BTC is up 5% over the past week. Analysts expect further upside after a brief pullback in price.

By Damanick DantesMar 25, 2022

(Jared Schwitzke/Unsplash)

Markets

Bitcoin Faces Initial Resistance at $46K; Support at $42K

Seasonal strength could keep buyers active within the year-long price range.

By Damanick DantesMar 25, 2022

Bitcoin weekly price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Strengthens Above $43K; Resistance at $46K-$51K

Momentum signals are on the verge of turning positive for the first time since August 2021.

By Damanick DantesMar 24, 2022

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

Markets

Bitcoin Holds Support Above $40K; Initial Resistance at $46K

Buyers remain active on pullbacks, keeping support levels intact.

By Damanick DantesMar 23, 2022

Bitcoin four-hour price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Rises Above $42K; Resistance at $46K-$50K

Momentum is turning bullish over the short term.

By Damanick DantesMar 22, 2022

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

Markets

Bitcoin Fades From Resistance; Support at $37K-$40K

Pullbacks could be limited over the short term.

By Damanick DantesMar 21, 2022

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

Markets

Bitcoin Holding Above $40K, Resistance at $46K

The four-month-long downtrend could be nearing an end.

By Damanick DantesMar 18, 2022

Bitcoin daily price chart shows support/resistance levels (Damanick Dantes/CoinDesk, TradingView)

Markets

Bitcoin Testing Resistance Near $40K; Support at $35K-$37K

BTC's price range could persist, although there is less chance of another major sell-off.

By Damanick DantesMar 17, 2022

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

Today
2:07 PM
Positive
BTC0.00%
Kraken debuts U.S. perpetual futures as crypto derivatives move onshore
Perpetual futures generated more than $60 trillion in volume last year, according to the crypto exchange, largely outside the U.S.
1:30 PM
Positive
BTC0.00%
Coinbase's Brian Armstrong says bitcoin may have bottomed at $60,000
Armstrong said his instinct is that bitcoin has probably found its floor, pointing to the four-year cycle that has historically marked lows.
1:26 PM
Positive
XRP rockets 8% above $1.20 in first major breakout since June selloff
Heavy volume pushed XRP through multiple resistance levels, with traders now focused on whether the rally can extend toward $1.30 after weeks of defensive positioning.

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