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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 Struggles Below $40K; Upside Limited as Trend Weakens
BTC remains in a tight trading range as the uptrend weakens. Upside appears limited this week.
Bitcoin Runs Into Offers Above Price Hurdle Ahead of US Nonfarm Payrolls
A strong NFP could bring more losses to the already weak bitcoin market.
Bitcoin Stabilizes Within Range as Short-Term Trend Improves
Bitcoin is above the 100-period moving average on both the hourly and four-hour chart as the corrective phase stabilizes.
Market Wrap: Bitcoin in Repair Mode as Traders Head to Miami; Dogecoin Gains
Bitcoin is stabilizing after a wild May as traders gather in Miami. DOGE sees further gains.
Bitcoin Remains Rangebound; Faces Resistance at $40K
BTC is trading in a range with limited upside after a volatile month.
Bitcoin Rejected Near $38K After Two-Day Price Gain
Bitcoin's range play continues even as short-term price indicator turns bullish.
Bitcoin Remains in Corrective Phase Below $40K; Further Downside Expected
BTC is down about 37% month to date and has experienced a series of sharp drawdowns similar to 2017 which preceded a bear market.
Bitcoin Consolidates Around Short-Term Support; Faces Resistance Near $42K
BTC is down about 3% over the past seven days as the price recovery from $30,000 stalls.
Fairlead's Stockton Plans to Add Bitcoin Exposure Only After Key Indicator Turns Higher
The analyst who predicted bitcoin's price crash says technical studies have yet to confirm a bottom.
Bitcoin Rises from Oversold Levels; Faces Resistance Near $40K-$45K
BTC could see limited upside as the corrective phase weakens and buyers return.
