Bitcoin price still has a CME futures gap unfilled at $9,600 but that doesn’t mean $11K won’t be reclaimed soon.
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.
Bitcoin and altcoins are at risk of a deeper correction if they do not rise above their immediate resistance levels soon.9780
Leading DeFi token Uniswap has seen massive losses recently following in the footsteps of CRV and SUSHI.3160
The market has taken a bearish turn and Bitcoin and altcoins will need strong relief rallies in order to restore their uptrends.20532
The market is red and Bitcoin price may close the $9.6K CME gap if $10.2K fails to hold as support.8096
As Bitcoin attempts to find a bottom, altcoins continue to decline, opening up opportunities on the long and short side.23809
Bitcoin and altcoins are facing selling near key resistance levels, but for now the possibility of a sharp fall remains low.19054
Uniswap traders should proceed with caution as DeFi tokens such as CRV have been showing weakness since the SUSHI fiasco.10666
Bitcoin and a few altcoins have broken above key resistance levels, which suggests that the bulls are attempting to take control of the market.16967
The price of Bitcoin is regaining bullish momentum, however, the critical resistance level around $11,000 may remain intact for an extended period.16326
Bitcoin and several altcoins are trying to break out of their respective overhead resistance levels in order to restore bullish momentum.15859
Binance Coin has been one of the few altcoins in September that has surged in price, but breaking $35 will be a major challenge for BNB.5217
Bitcoin remains stuck in a tightening range but select altcoins may begin moving higher if they bounce off their key support levels.19208
Bitcoin price is becoming boring again as it's trading in a narrowing range, so taking out a key resistance level is priority number-one for the bulls.14069
Although Bitcoin price is range-bound, a few altcoins have started a relief rally which could push them above key resistance levels.17383