Market Analysis
Bitcoin’s inverse head-and-shoulders pattern signalled the continuation of the uptrend toward $360,000, driven by institutional demand via spot BTC ETFs.
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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
A widely used Bitcoin technical analysis indicator suggested that BTC is on the verge of an “explosive price expansion” toward new all-time highs.
7915 - Altcoin Watch
Onchain analysts warn of red flags following the MYX price pump, which may lead to a 70%–85% correction phase in the coming weeks.
4794 - Altcoin Watch
SOL price is 70% higher than its $125 lows reached on June 22, as onchain data and a classic pattern suggest that SOL is on track to fresh record highs.
4761 - Altcoin Watch
Dogecoin price could rise toward $0.50 next, then $1 or higher once a spot DOGE ETF is launched, unlocking institutional capital.
15503 - Altcoin Watch
The absence of new buyers, weak spot Ethereum inflows and declining network activity have put ETH price at risk of dropping to $3,500.
5168 - Altcoin Watch
XRP price has painted a classic bullish reversal pattern against Bitcoin, eyeing gains of over 100% in the coming months.
7883 - Altcoin Watch
DOGE analysts highlight the potential to surge to $1 and beyond, fueled by the launch of the first Dogecoin treasury by CleanCore Solutions.
3571 - Market Analysis
Bitcoin shows signs of exhaustion with the recent drop to $107,000, but a break above $112,000 might confirm last week’s lows as the BTC price bottom.
3348 - Altcoin Watch
Solana open interest hit a record high above $13 billion as the technical setup suggests the rally could continue for SOL price to reach $1,000.
6797 - How to
Before investing in any cryptocurrency, it’s crucial to do your homework. That’s where you can use ChatGPT to help break down coins, analyze risks and make smarter decisions.
19227 - Market Analysis
Bitcoin price sees a modest recovery, but multiple BTC metrics suggest traders are still holding back from making risk moves.
2276 - How to
ChatGPT and Grok are becoming the go-to tools for crypto traders, offering faster context, sentiment and strategic clarity, all through conversation.
14499 - Altcoin Watch
XRP price is stuck in a downtrend, with several metrics suggesting that the sell-off could continue to $2 if the support at $2.70 is lost.
11603 - Market Analysis
Bitcoin may see a deeper correction toward $103,000 after losing a key support level, new price analysis concludes.
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