Bitcoin Struggles Near Resistance; Support at $53K
Long-term momentum is starting to fade, which could limit price gains this month.
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Dec 2, 2021 at 7:12 p.m. UTC
Dec 2, 2021
Technical Analysis
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Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.
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Bitcoin Rangebound Between $55K Support and $60K Resistance
The intermediate-term uptrend remains intact.
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Dec 1, 2021 at 11:26 p.m. UTC
Dec 1, 2021
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Bitcoin Declined Below $58K; Support Between $53K-$55K
The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.
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Nov 30, 2021 at 7:05 p.m. UTC
Nov 30, 2021
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Bitcoin Returns Above $58K as Momentum Improves
Buyers will need to clear $60K resistance to maintain an uptrend.
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Nov 29, 2021 at 8:10 p.m. UTC
Nov 29, 2021
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Bitcoin Held Support at $53K, Faces Initial Resistance Around $60K
Initial signs of downside exhaustion could stabilize the intermediate-term uptrend from July.
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Nov 24, 2021 at 7:09 p.m. UTC
Nov 24, 2021
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Bitcoin Holds Support at $56K, Resistance at $60K-$63K
Momentum is improving as oversold readings appear on the chart.
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Nov 23, 2021 at 6:56 p.m. UTC
Nov 23, 2021
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Bitcoin Still Trading in Bullish Channel Despite Price Support Break
Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation
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Nov 23, 2021 at 8:44 a.m. UTC
Nov 23, 2021
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Bitcoin Struggles at $60K Resistance; Support Above $53K
Short-term downside is likely into the Asia trading day.
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Nov 22, 2021 at 7:02 p.m. UTC
Nov 22, 2021
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Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K
Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.
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Nov 19, 2021 at 7:23 p.m. UTC
Nov 19, 2021
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Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K
Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.
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Nov 18, 2021 at 6:00 p.m. UTC
Nov 18, 2021