Hopes of a BTC ETF approval sent Bitcoin charging toward a new all-time high and several altcoins are also breaking out of bullish setups.
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 remains strong above its recent breakout level, but several major altcoins will be under pressure until BTC reveals its next move.24703
Analysts say Bitcoin has started its journey toward a new all-time high and the sideways action from altcoins suggests traders are shifting funds into BTC.33358
Bitcoin could pick up momentum above $56,100 and that could attract buying in DOT, UNI, LINK, and XMR.31974
Bitcoin and select altcoins are facing selling at higher levels, indicating that short-term traders may be booking profits after the recent rally.51911
Bitcoin bulls have set their sights on $50,000 and this renewed push is also boosting large and small-cap altcoin prices.36279
Bitcoin’s strong recovery to $49,000 has boosted bullish sentiment and it may provide further incentive for LUNA, ATOM, XTZ and AXS to rally in the short term.24324
Historical data suggests that October is a good month for Bitcoin bulls, and the push above $47,600 on Oct.1 could be a signal of what's to come for BTC and altcoins.37767
A week-long pattern of daily lower highs suggests bulls will be unable to flip $43,000 to support and this could weigh on the fledgling recovery seen across many altcoins.30654
Even in a red market, solid gains can be made. Here’s how Cointelegraph’s unique trading tools highlighted the assets with the strongest historical outlook.7345
Bitcoin and most major altcoins have recovered from last week’s sell-off, but they are still facing selling at higher levels, suggesting that the market could remain range-bound for a few days.31418
Bitcoin and altcoins made a sharp downside move to their recent lows after news that China banned crypto trading surfaced.34529
Positive news about China’s Evergrande meltdown and the Fed’s intent to continue its current monetary policy catalyzed a strong recovery in the price of Bitcoin and altcoins.27819
The technical analysis tool is popular amongst crypto traders hopeful of securing an insight in the markets psyche.28041
Bitcoin and most major altcoins have dropped to their critical support levels, which is likely to attract strong buying from the bulls.30134