Crypto traders are struggling to hold Bitcoin price above $68,000, and altcoins are suffering as a result of BTC's weakness.
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 recovered the $68,000 level, triggering buying in NEAR, APT, RNDR and MKR.
6856Bitcoin is showing the first signs of profit booking, but the bears are struggling to hold the price below $69,000, indicating buying at lower levels.
13859According to Glassnode, BTC market sentiment is approaching the “euphoria” stage amid consecutive all-time highs.
12491The crypto market rally is starting to show signs of exhaustion, but Bitcoin and altcoin charts highlight traders' desire to continue buying each dip.
8766Bitcoin is showing no signs of slowing down as demand for the spot Bitcoin ETFs remains robust. Can altcoins keep pace?
10528OP, TAO, STX, MNT and other altcoin charts flash bullish signs as Bitcoin attempts to recapture the $70,000 level.
5253The sharp recovery in Bitcoin and Ether shows that the bulls remain in control, and every dip is being viewed as a buying opportunity.
11287Bitcoin looks ready to blast above its all-time high, but traders should remember that vertical rallies are rarely sustainable.
7425The emerging Bitcoin layer-2 sector will be one of the main narratives driving BTC’s price to unprecedented highs in this bull cycle, says Bitcoin OG Dan Held.
7995PlanB’s bull market signal flashed as Bitcoin price was trading firmly above the $62,000 mark.
42104In recent quarters, Solana's increasing on-chain activity points to a strong underlying demand for SOL tokens.
25206Bitcoin targets new highs above $55,000. Will altcoins follow?
10334The ETH/BTC pair is showing weakness today. Cointelegraph explains why.
10157More than 400 Pyth price feeds will be launched on the open-source, proof-of-stake public ledger Hedera.
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