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 Above $42K Support, Resistance at $46K-$48K

Buyers could remain active at support level as the sell-off stabilizes.

By Damanick DantesSep 27, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Bitcoin Trending Lower on China Crackdown, Support at $36K-$40K

BTC registered a series of lower price highs this month as buyers take profits.

By Damanick DantesSep 24, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

Bitcoin Recovering, Faces Short-Term Resistance Near $46K

Upside appears to be limited as the largest cryptocurrency trades at $43,700.

By Damanick DantesSep 23, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.

By Omkar GodboleSep 22, 2021

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Oversold at Support, Resistance at $47K

Bitcoin is the most oversold in two months as buyers defend $40K support.

By Damanick DantesSep 22, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

S&P 500 Chart Signals More Trouble for Bitcoin, Risk Assets

S&P 500 Index futures slip below long-held support, signaling more pain ahead for risk assets.

By Omkar GodboleSep 20, 2021

rise, fall

Markets

Bitcoin in Pullback Mode, Support at $40K-$42K

Initial support is seen at $40K-$42K, which could stabilize the pullback.

By Damanick DantesSep 20, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

Bitcoin Consolidates Above $45K Support, Resistance at $50K

Bitcoin remains in breakout mode, although upside is limited to $50K.

By Damanick DantesSep 17, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Markets

Bitcoin Pulls Back Ahead of $50K Resistance, Support at $46K

Upside momentum is improving, which suggests pullbacks could be limited.

By Damanick DantesSep 16, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Market Wrap: Bitcoin Rises as Traders Accumulate Positions

Sentiment is improving as traders eye positive technical indicators.

By Damanick Dantes, Tracy WangSep 15, 2021

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