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 Holding Support Above $46K; Resistance at $48K-$51K

BTC buyers could remain active over the short-term.

By Damanick DantesMar 30, 2022

Bitcoin daily chart shows nearby resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Holding at $47.5K as It Aims for 8-Day Winning Streak

The crypto is flat on the day, but up 17% since it began heading higher one week ago.

By Angelique ChenMar 29, 2022

Strokes of bitcoin symbol as the ladder.

Bitcoin Approaching Resistance at $48K-$51K, Support at $45K

BTC appears to be overbought, although pullbacks cold be brief.

By Damanick DantesMar 29, 2022

Bitcoin daily price chart shows nearby resistance and RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Breaks Above $46K, Resistance at $48K-$51K

Momentum turned positive for the first time since July, although a significant price rally could be delayed.

By Damanick DantesMar 28, 2022

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Could Reach $53K on Triangle Break, Impending Bull Cross, Analysts Say

The cryptocurrency's two-month triangular consolidation ended early Monday with a convincing move to $47,000.

By Omkar GodboleMar 28, 2022

Traders make bullish forecasts after bitcoin's escape from a triangular consolidation . (Source: Pixabay, PhotoMosh)

Market Wrap: Bitcoin Outperforms as Crypto Bulls Take a Breather

BTC is up 5% over the past week. Analysts expect further upside after a brief pullback in price.

By Damanick DantesMar 25, 2022

(Jared Schwitzke/Unsplash)

Bitcoin Faces Initial Resistance at $46K; Support at $42K

Seasonal strength could keep buyers active within the year-long price range.

By Damanick DantesMar 25, 2022

Bitcoin weekly price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Strengthens Above $43K; Resistance at $46K-$51K

Momentum signals are on the verge of turning positive for the first time since August 2021.

By Damanick DantesMar 24, 2022

Bitcoin daily price chart shows support/resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Holds Support Above $40K; Initial Resistance at $46K

Buyers remain active on pullbacks, keeping support levels intact.

By Damanick DantesMar 23, 2022

Bitcoin four-hour price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Rises Above $42K; Resistance at $46K-$50K

Momentum is turning bullish over the short term.

By Damanick DantesMar 22, 2022

Bitcoin daily price chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

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