Bitcoin price slipped below $62,000 as capital flows into the spot Bitcoin ETFs continue to taper off.
Price Analysis News
Price analysis is the ongoing process of cryptocurrency traders and analysts finding patterns in the market to determine optimal trading strategies and gauge market sentiment for the cryptocurrency market at large or for specific assets such as Bitcoin (BTC), Ether (ETH), XRP, Litecoin (LTC), etc.
The two main indicators that are sought after are whether or not the market is bullish with upward-trending price action or bearish with downward pressure on price.
Price analysis techniques vary and are often used in unison to provide as detailed a perspective of market conditions as possible. Traders may analyze a cryptocurrency’s volume in relation to its price or use candlestick charts to gauge market sentiment on a daily basis.
The tools and techniques of price analysis are ultimately the means of spotting patterns at the micro and macro levels as indicators of overall industry growth.
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Bitcoin is finding it difficult to sustain the relief rally, which could put pressure on several altcoins in the near term.
5639Bitcoin finds support slightly above $60,000, possibly giving altcoins the green light to move higher in the short term.
3759Bitcoin's correction deepened as BTC price fell to $65,000, and altcoins were hit with double-digit losses.
9983Bitcoin is witnessing a tough battle between the bulls and the bears near the $69,000 level with buyers holding a slight edge.
5288Bitcoin’s range break above the $70,000 level boosted altcoin prices and hints at the possibility of a new BTC all-time high.
4846Bitcoin attempts to break out of a bullish chart formation, opening the door for TON, STX, MNT, MKR and other altcoins to follow.
2156Bitcoin remains locked in a battle near the $69,000 mark, which may extend for a few more days.
8684Bitcoin is likely to remain range-bound for a few days as the bulls and the bears battle it out for supremacy before the halving.
7591Bitcoin and select altcoins rallied sharply in Q1 2024, but the near term may witness a correction.
4034The crypto market is transitioning from the “enthusiastic bull” phase to the “euphoric bull” phase, claims on-chain analyst James Check in a latest Cointelegraph interview.
20562Bitcoin is struggling to sustain above $70,000, indicating that the long-lasting rally could be tiring out.
10564Bitcoin is looking positive, but the up move is likely to face stiff resistance above $72,000.
7873Four market experts assess the current state of the Bitcoin market and where it is heading next.
6649Bitcoin has risen above $70,000, indicating that the bulls are back in the driver’s seat.
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