Bitcoin Eases After Rejection at $58.5K, Support at $54K
A key technical indicator signals that upward momentum may be over.
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Oct 14, 2021 at 10:49 a.m. UTC
Oct 14, 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 Takes a Breather, Could Find Support at $50K-$52K
Upside momentum is slowing, although pullbacks could be limited into Asian trading hours.
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Oct 12, 2021 at 7:30 p.m. UTC
Oct 12, 2021
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Bitcoin Approaching Resistance Near $58K; Support at $50K
Momentum has improved over the past two weeks.
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Oct 11, 2021 at 11:25 a.m. UTC
Oct 11, 2021
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Bitcoin Remains in Bull Territory While Polygon’s MATIC Awaits Breakout
Bitcoin topped $56,000 early Friday.
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Oct 8, 2021 at 11:18 a.m. UTC
Oct 8, 2021
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Bitcoin Rally Holds Support Above $52K, Next Resistance Near All-Time High
Pullbacks could be limited given strong upside momentum.
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Oct 7, 2021 at 11:24 a.m. UTC
Oct 7, 2021
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Bitcoin’s Technical Bias Flips Bullish as Price Climbs Above Descending Trendline
The breakout is backed by a pickup in volumes and accumulation by so-called whales.
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Oct 7, 2021 at 7:47 a.m. UTC
Oct 7, 2021
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Market Wrap: Bitcoin Dominance Rises as Altcoins Underperform
Bitcoin is outperforming on hopes of a U.S. ETF approval.
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Oct 6, 2021 at 9:31 p.m. UTC
Oct 6, 2021
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Bitcoin Approaching Resistance Near $52K, Support Between $48K-$50K
Pullbacks appear to be limited given a series of breakouts over the past week.
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Oct 6, 2021 at 11:22 a.m. UTC
Oct 6, 2021
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Bitcoin Rises to $50K, Next Resistance Around $52K-$55K
A decisive breakout above $50,000 could yield further upside toward the all-time high near $60,000, unless buyers start taking profits.
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Oct 5, 2021 at 8:06 p.m. UTC
Oct 5, 2021
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Market Wrap: Bitcoin Rises Toward $50K on Hopes for US ETF Approval
Analysts expect that approval to fuel a fourth-quarter crypto rally.
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Oct 4, 2021 at 10:22 p.m. UTC
Oct 4, 2021