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 $42K; Resistance at $45K-$47K

Support remains intact, which could keep buyers active over the short term.

By Damanick DantesJan 14, 2022

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

Bitcoin Stalls Near Resistance; Support Around $40K-$42K

Price weakness could persist into the Asia trading day.

By Damanick DantesJan 13, 2022

Bitcoin four-hour price chart shows support/resistance with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Rises Above $43K; Resistance at $45K-$48K

The sell-off appears exhausted as buyers attempt to reverse a short-term downtrend.

By Damanick DantesJan 12, 2022

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

Bitcoin Rises From Oversold Levels, Faces Resistance Near $45K

Short-term buyers could remain active into the Asia trading day.

By Damanick DantesJan 11, 2022

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

Bitcoin Stabilizes Above $40K Support; Resistance Near $45K

Buyers could respond to short-term oversold signals, although upside appears limited.

By Damanick DantesJan 10, 2022

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

Bitcoin Oversold Within Downtrend; Resistance at $45K

Upside is limited as long-term technical indicators turned negative.

By Damanick DantesJan 7, 2022

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

Bitcoin Stabilizes After Sell-Off, Resistance Near $45K-$50K

Oversold signals remain intact, although upside is limited.

By Damanick DantesJan 6, 2022

El gráfico de precios diarios de bitcoin muestra el soporte/resistencia y, en la parte inferior, el índice de fuerza relativa (RSI, por sus siglas en inglés) sobrevendido (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Steady Near $45K Support; Resistance at $53K

BTC is at the bottom of a month-long price range, and upside appears limited.

By Damanick DantesJan 5, 2022

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

Bitcoin Declines Toward Support at $44K-$45K as Analysts Await Price Bounce

Some price-chart indicators show the potential for a short-term bounce if support holds.

By Damanick DantesJan 4, 2022

Bitcoin four-hour price chart shows support and resistance with RSI on bottom (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Stuck in Range Between $45K Support and $52K Resistance

Price indicators suggest limited downside over the short term as selling pressure slows.

By Damanick DantesJan 3, 2022

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

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