Market Analysis
Bitcoin faces rising downside risk as macro pressure and weak technicals point to a possible drop toward $80,000 on a rising-wedge breakdown.
2841
Tech Analysis News
Technical analysis, often abbreviated as TA, is a method used in the cryptocurrency market to evaluate and predict price movements based on historical market data. Cryptocurrency traders utilize a range of technical analysis tools and techniques to make well-informed decisions. It mostly focuses on analyzing price charts and finding patterns and trends by using statistical measures. Moving averages, support and resistance levels, the relative strength index and Bollinger Bands are frequently used tools in technical analysis.
Technical analysts believe that historical price movements tend to repeat themselves, and certain patterns can indicate future market direction. For instance, a head-and-shoulders pattern might suggest an upcoming trend reversal. Traders also use chart patterns like flags, triangles and double tops to anticipate market movements. Moreover, indicators like the moving average convergence divergence help gauge the strength of a trend.
However, it’s essential to note that technical analysis is not foolproof and should be used in conjunction with other methods.
- Market Analysis
The recovery may continue as long as Bitcoin achieves a daily close above $98,000, with the technical setup projecting 18% gains ahead.
3064 - Altcoin Watch
XRP’s technical and onchain signals hint at a bullish breakout, with bulls eyeing a significant rally toward $2.80 by month’s end.
3177 - Market Analysis
Traders spotted strong bullish signals for Bitcoin, including a potential bear trap reversal and a technical breakout projecting a rally to $107,000 next month.
3861 - Market Analysis
SOL traded 52% lower than its $255 highs reached on Sept. 18, as onchain data and a bearish pattern suggested that SOL investors risked further losses.
1476 - Market Analysis
Ether price wobbled as weak onchain activity, low futures demand and aggressive selling by holders favored a potential ETH price drop to $2,300.
1535 - Market Analysis
The amount of Bitcoin in long-term holder wallets hit cyclical lows, but is it enough to help the bulls avoid a decline toward $68,000?
2354 - Market Analysis
XRP price risked a 15% drop to as low as $1.73, fuelled by collapsing transaction fees, reduced speculator appetite and a weakening technical structure.
2726 - Market Analysis
Bitcoin miners offer a glimpse into potential BTC price upside to come as the historically accurate Hash Ribbons send a buy signal.
3167 - Market Analysis
Many analysts say BTC’s rebound is a bull trap, warning its price could fall to as low as $40,000 over the coming months.
2382 - Market Analysis
Bitcoin market participants saw the yearly open at $93,000 and above as particularly important heading into the weekly close.
2156 - Market Analysis
MSTR could target $200 and extend toward $280 if supportive macro conditions and bullish technical momentum hold.
1969 - Altcoin Watch
Multiple bullish signals, including a double bottom and falling wedge breakout, are aligning to potentially lift the BNB price toward $1,000 in December.
1616 - Market Analysis
Ether risks a deeper sell-off toward $2,500–$2,200 as MVRV support weakens and a bearish pennant threatens to break lower.
2011 - Market Analysis
Bitcoin’s first monthly MACD rollover this cycle, alongside onchain data, raised the odds of a deeper pullback, as BTC price forecasts now include the mid-$60,000s.
5245