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
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 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
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Bitcoin Declines From $48K Resistance; Support at $45K
Short-term indicators show bitcoin is overbought.
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Oct 4, 2021 at 11:21 a.m. UTC
Oct 4, 2021
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Bitcoin Rallies Above $47K, Resistance at $50K
Technical indicators show improving upside momentum.
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Oct 1, 2021 at 3:02 p.m. UTC
Oct 1, 2021
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Bitcoin Rising Toward $45K Resistance, Support at $40K
Downside momentum is starting to wane after a volatile month.
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Oct 1, 2021 at 12:41 a.m. UTC
Oct 1, 2021
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Bitcoin Consolidates Above $40K Support, Resistance at $45K
Indicators show a period of consolidation could persist given strong resistance above $45K.
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Sep 29, 2021 at 11:16 a.m. UTC
Sep 29, 2021
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Bitcoin Declines From Resistance, Approaches $40K Support
The intermediate-term trend is weakening, although support at $40K could stabilize the pullback.
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Sep 28, 2021 at 8:32 p.m. UTC
Sep 28, 2021
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Analysts Turn Negative on Ether as Weekly Chart Tips Bearish
Some price-chart readers see the potential for a steep drop in the next few weeks.
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Sep 27, 2021 at 8:02 p.m. UTC
Sep 27, 2021
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Bitcoin Above $42K Support, Resistance at $46K-$48K
Buyers could remain active at support level as the sell-off stabilizes.
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Sep 27, 2021 at 6:42 p.m. UTC
Sep 27, 2021