Market Update
A falling VIX signals improving risk appetite, boosting Bitcoin’s chances of attracting fresh demand and breaking above the $80,000 level.
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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 Update
STRC's dropped below its $100 par value, indicating that Strategy will likely pause Bitcoin buying this week, which could help the bears pull price down to $70,000.
1621 - Altcoin Watch
RAVE is trending inside a descending channel pattern, and is about to test the lower trendline target near $0.30 amid price manipulation concerns.
474 - Altcoin Watch
A confirmed cup-and-handle breakout on Ether’s chart and a double-digit increase in ETH accumulation wallet balances could be earlier signs of a longer-term rally for the altcoin.
990 - Altcoin Watch
World Liberty Financial allegedly used illiquid tokens to borrow $75 million, fueling bad debt fears and rattling confidence among traders.
893 - Altcoin Watch
TAO drops 30% from its weekly high, confirming fractal setups that projected deeper downside targets for the token in the past.
1995 - Altcoin Watch
ZEC's latest rebound resembled bounces witnessed during the 2021 bear market, raising the odds of a 40% correction in the coming weeks.
1861 - Price Analysis
Multiple Bitcoin indicators, including a bull-bear sentiment index and realized price metric, point to a possible final BTC shakeout toward $54,000
2552 - Price Analysis
Bitcoin may invalidate its bear flag setup as Strategy buys 46,233 BTC in just over a month, outpacing the 16,200 BTC supply in the same period.
6254 - Analysis
Bitcoin whales and sharks have locked in $30.9 billion in BTC losses this year, resembling the 2022 bear market, as onchain data points to continued downside risk.
3387 - Altcoin Watch
XRP price charts remained bearish amid increasing signs that the $1 level could be tested as support in the coming weeks.
2174 - Price Analysis
Michael Saylor's Strategy has raised funds to purchase at least 1,111 BTC this week, increasing the odds of sending prices higher in April.
1982 - Price Analysis
Ethereum is flashing a warning of a familiar bull trap that preceded 45% and 48% drops in the past, raising risks of a fresh breakdown.
2176 - Market Update
Bitcoin long-term holders continued to expand their holdings, while increased withdrawal from exchanges flashed a classic supply shock warning.
1967 - Altcoin Watch
TAO's price has rallied 160% in over a month, but is printing a familiar golden cross that has preceded massive price corrections in the past.
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