Market Analysis
Bitcoin price could still reach $150,000 by year-end, but several things must happen for BTC price to find its technical footing and spark a new bull run.
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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
Bitcoin’s rebound masks weak technicals and onchain signals that point to continued downside risk, with miners and exchange flows reinforcing the bearish trend.
2747 - Market Analysis
Ether risks declining toward the $1,665-$1,725 range in February, according to a confluence of bearish technical and on-chain indicators.
1901 - Altcoin Watch
XRP is below the average buy price of the past year, putting many holders in the red and increasing downside risk in the near term.
3457 - Altcoin Watch
Ethereum slipped under $2,800 as charts and onchain data suggested downside risk remains elevated, with a potential move toward $2,100.
2255 - Market Analysis
ETH price charts confirmed a triangle breakdown, shifting the near-term bias lower and putting $2,250 in focus if sellers stay in control.
2301 - 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.
2906 - 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.
3111 - 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.
3211 - 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.
3910 - 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.
1485 - 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.
1546 - 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?
2371 - 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.
2734 - Market Analysis
Bitcoin miners offer a glimpse into potential BTC price upside to come as the historically accurate Hash Ribbons send a buy signal.
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