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 Struggles Near Resistance; Could Find Support at $55K

Long-term momentum is deteriorating as buyers continue to take profit on rallies.

By Damanick DantesMay 12, 2021

Bitcoin hourly chart

Markets

Bitcoin Stabilizes After Pullback; Faces Resistance at $57K

The broader uptrend remains intact despite several months of consolidation.

By Damanick DantesMay 11, 2021

Bitcoin hourly chart

Markets

Bitcoin Stalls at Resistance; Could Face Lower Support at $56K

However, if BTC breaks below $57,000, buyers will likely wait to enter around lower support at $56,000.

By Damanick DantesMay 10, 2021

Bitcoin hourly chart

Markets

Bitcoin Holds Support, Faces Resistance at $58K-$60K

BTC buyers continue to take profits on recoveries.

By Damanick DantesMay 7, 2021

Bitcoin four-hour chart

Markets

Bitcoin Strengthens; Faces Resistance Around $60K-$62K

BTC could face resistance near the all-time high on improving trend strength.

By Damanick DantesMay 6, 2021

Bitcoin four-hour chart

Markets

Bitcoin Reclaims Support; Approaching Resistance Near $56K-$58K

Bitcoin has retraced roughly 38% of the sell-off from May 3 as the short-term trend improves.

By Damanick DantesMay 5, 2021

Bitcoin hourly chart

Markets

Bitcoin Stabilizes After Pullback; Faces Resistance at $58K

Bitcoin stabilized after a near 5% drop during Asia hours. Momentum is slowing, which could limit rallies.

By Damanick DantesMay 4, 2021

Bitcoin four-hour chart

Markets

Bitcoin Holds Support, Faces Resistance at $60K

The virtual currency is approaching its resistance level.

By Damanick DantesMay 3, 2021

Bitcoin hourly chart

Markets

Bitcoin Stabilizes Near Support; Resistance Around $56K-$58K

Bitcoin has fully recovered from a late Thursday decline and is approaching resistance around $56K-$58K.

By Damanick DantesApr 30, 2021

BTC hourly chart

Markets

Bitcoin Struggles Near Resistance, Support Around $52K

BTC continues to struggle near resistance and could approach lower support around $52K.

By Damanick DantesApr 29, 2021

BTC four-hour chart
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