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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.
Shiba Inu’s SHIB Extends Surge, Bitcoin Breaks a Key Resistance Level
The meme coin rose sharply, even as major cryptocurrencies showed small gains and some losses.
Bitcoin's Rally Faces Initial Resistance at $45K-$47K, Support Is at $40K
BTC has confirmed a break above its two month-long downtrend.
XRP Leads Gains in Major Cryptos, Bitcoin Holds Above $42K
Stronger-than-expected U.S. jobs data and bitcoin adoption by two major credit unions supported a price recovery, analysts said.
Bitcoin Attempts to Break Downtrend; Faces Resistance Toward $45K
Bitcoin's price will need to remain above $37,000 over the weekend in order to signal the start of a recovery phase.
Bitcoin Capped Below $40K Resistance; Support at $35K
Buyers have consistently lost ground to sellers.
Bitcoin Turns Lower From Bearish Trendline, Support at $35.5K
Sellers look to regain control after bulls' failure to break through technical resistance.
Bitcoin Slides Below $38K, Support Is Above $35K
The pullback could continue into the trading day in Asia.
Bitcoin Rangebound Near Support; Resistance at $40K-$43K
Sideways trading between $35K-$40K could persist this week as long-term momentum fades.
Bitcoin Holding Support Above $37K; Resistance at $40K-$45K
BTC's January sell-off could attract short-term buyers.
Bitcoin's 'MACD' Indicator Threatens Long-Term Bullish Bias as Rate Hike Fears Linger
Several Wall Street banks have penciled in five Fed rate hikes for 2022.
