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Technical Analysis
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.
Bitcoin, Ether Trade Lower After Breaching Technical Indicator
The proximity of the breach to the upcoming Federal Reser ve rate decision could stymie activity in the short term. BTC is also showing an increasingly inverse relationship to the U.S. dollar ahead of the announcement
Bitcoin, Ether Swing From Cold to Hot in Event-Filled Week
The two largest cryptocurrencies have risen 31% and 26%, respectively, even as bank failures, inflation concerns and ETH selling pressure have roiled traditional asset markets.
Bitcoin Breakout Puts $28K in View
The cryptocurrency's swift move above a resistance level dating back to August 2022 has strengthened the case for a continued rally.
Bitcoin, Ether Shrug Off U.S. Jobs Data
The two largest cryptocurrencies by market capitalization also recently appear to have decoupled from equity indexes.
Trading Ranges for Bitcoin, Ether Reflect Diverging Views About the Assets
Bitcoin’s higher low suggests investors in the largest crypto by market value are upbeat, but ether’s increased trading range compared to the previous days may reflect bearish concerns.
Crypto Investors Are Left Guessing the Fed’s Next Move
The CPI data shows inflation remains problematic. Crypto investors are hoping the U.S. central bank breaks from its monetary hawkishness of the past year.
Bitcoin, Ether Fall for Third Consecutive Week
A toxic cocktail of inflationary fears, crypto industry contagion and concerns about a possible U.S. government bitcoin sale has pressured market prices.
Shares of Grayscale Bitcoin Trust Form Bullish Chart Pattern: Technical Analyst
The bullish reversal pattern would open doors for a 50% price rally, chart analysts said.
Bitcoin Whales Have Been Swimming in Different Directions
While the number of smaller whales has declined, the number of larger bitcoin whales has risen. What do the trends mean?
Fed Chair Powell's Comments Shift Rate Projections; Bitcoin Holds Warily
U.S. central bank Chair Jerome Powell indicates rates may need to move higher than was previously expected; risk assets decline accordingly
