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.

Bitcoin Gathers Upside Momentum, Faces Resistance Near $40K

Bitcoin could see a minor breakout toward the top of a two-month range near $40K.

By Damanick DantesJun 29, 2021

Bitcoin four-hour chart

Bitcoin Meets Resistance at $35K, Support at $30K

Bitcoin is under pressure after reaching $35K resistance. Support at $30K could stabilize the current pullback.

By Damanick DantesJun 28, 2021

Bitcoin four-hour chart

Bitcoin Stalls at $35K Resistance, Lower Support at $30K

Bitcoin's short-term downtrend is slowing, although upside appears to be limited heading into the weekend.

By Damanick DantesJun 25, 2021

Bitcoin daily price chart

Bitcoin Relief Rally Fades; Support Holds at $32K

Bitcoin is down about 12% over the past seven days and was trading around $33,000 at press time.

By Damanick DantesJun 24, 2021

Bitcoin hourly price chart

Bitcoin Holds $30K Support After Volatile Shakeout; Resistance at $36K

BTC is up 9% over the past 24 hours.

By Damanick DantesJun 23, 2021

Bitcoin four-hour price chart

Bitcoin Finds Support at $30K; Faces Resistance at $36K

BTC is down about 22% over the past seven days.

By Damanick DantesJun 22, 2021

Bitcoin daily chart

Market Wrap: Bitcoin Drops Ahead of Looming ‘Death Cross’

Bitcoin’s "death cross" could increase selling pressure into the weekend.

By Damanick Dantes, Frances YueJun 18, 2021

Bitcoin 24-hour price chart

Bitcoin Bounce Falls Short at Resistance, Support at $30K-$34K

BTC buyers struggled near $40K resistance this week. Upside appears to be limited.

By Damanick DantesJun 18, 2021

Bitcoin daily price chart

Bitcoin Holds Short-Term Support; Faces Resistance at $41K

Upside momentum has been weak, which means the corrective phase from May is not yet complete.

By Damanick DantesJun 17, 2021

Bitcoin four-hour chart

Bitcoin Upside Fades, Lower Support at $34K

BTC faces slowing momentum as buyers struggle at resistance.

By Damanick DantesJun 16, 2021

Bitcoin hourly chart

Latest Crypto News

Yesterday

9:00 PM

Negative

Here’s why bitcoin’s is failing its role as a 'safe haven' versus gold

Bitcoin behaves more like an "ATM" during uncertain times, with investors quickly selling it to raise cash.

7:22 PM

Positive

Coinbase CEO says Big banks now view crypto as an ‘existential’ threat to their business

Brian Armstrong returns from World Economic Forum with message: traditional finance is taking crypto seriously

6:00 PM

Positive

Agora's Nick van Eck bets on stablecoin boom in enterprise payments

Agora CEO Nick van Eck sees stablecoin adoption shifting to real-world business for cross-border payments.

5:24 PM

Neutral

Ethereum treasury firm buys jet engines amid tokenization push after selling ETH

ETHZilla is betting on bringing real-world assets on blockchain rails after it sold at least $114.5 million of its ETH stash over the past months.

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