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 Drops Below $56K as Momentum Slows, Support at $53K

Buying has been weak despite short-term oversold signals.

Por Damanick Dantes3 de dez. de 2021

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

Bitcoin Struggles Near Resistance; Support at $53K

Long-term momentum is starting to fade, which could limit price gains this month.

Por Damanick Dantes2 de dez. de 2021

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

Bitcoin Rangebound Between $55K Support and $60K Resistance

The intermediate-term uptrend remains intact.

Por Damanick Dantes1 de dez. de 2021

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

Bitcoin Declined Below $58K; Support Between $53K-$55K

The cryptocurrency is down about 2% over the past 24 hours and is roughly flat over the past week.

Por Damanick Dantes30 de nov. de 2021

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

Bitcoin Returns Above $58K as Momentum Improves

Buyers will need to clear $60K resistance to maintain an uptrend.

Por Damanick Dantes29 de nov. de 2021

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

Bitcoin Held Support at $53K, Faces Initial Resistance Around $60K

Initial signs of downside exhaustion could stabilize the intermediate-term uptrend from July.

Por Damanick Dantes24 de nov. de 2021

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

Bitcoin Holds Support at $56K, Resistance at $60K-$63K

Momentum is improving as oversold readings appear on the chart.

Por Damanick Dantes23 de nov. de 2021

Bitcoin four-hour price chart shows short-term price levels with oversold RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Still Trading in Bullish Channel Despite Price Support Break

Powell’s reappointment as Fed’s chairman has reinforced fears of faster rate hikes to control inflation

Por Omkar Godbole23 de nov. de 2021

Chart showing bitcoin trading in a bullish channel (Stack Funds, TradingView)

Bitcoin Struggles at $60K Resistance; Support Above $53K

Short-term downside is likely into the Asia trading day.

Por Damanick Dantes22 de nov. de 2021

Bitcoin four-hour price chart shows short-term resistance levels with RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Bitcoin Long-Term Uptrend Intact; Support Around $53K-$56K

Momentum is still positive on a weekly basis, which is consistent with a bullish uptrend.

Por Damanick Dantes19 de nov. de 2021

Bitcoin weekly price chart shows long-term uptrend with positive momentum in first panel and RSI declining from overbought levels in lower panel.

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