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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 Listless as New 'Bearish Crossover' Looms
Bitcoin's long-term moving averages are about to produce yet another bearish crossover.
Bitcoin Sell-Off Could Stabilize Around $30K Support
Sellers are in control after bitcoin broke below a series of higher price lows from the June 22 shakeout around $29,000.
Bitcoin Upside Stalls Near Resistance; Support at $33K-$34K
The month-long consolidation and declining volume suggest a volatile price move could occur as traders await confirmation of a decisive breakout.
Market Wrap: Bitcoin Consolidates Amid China Crackdown
China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction.
Bitcoin Rangebound at Support; Resistance at $36K
Minor support is seen at $33,000, which is near the 100-day moving average on the four-hour chart.
Bitcoin Holds Support; Faces Resistance at $36K
Bitcoin is maintaining a series of higher lows from the June 22 shakeout around $29,000.
Bitcoin Declines Within Range; Could Find Support at $30K
Bitcoin buyers are in profit-taking mode given strong overhead resistance.
Bitcoin Declines from $36K Resistance, Could Find Support at $30K
BTC starts July on a negative note, although buyers could return at $30K support.
Bitcoin Upside Stalls, Could Find Support Near $30K-$33K
Bitcoin was unable to sustain a series of higher price lows over the past few days.
