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 Upside Stalls; Lower Support at $38K-$40K

Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value.

Von Damanick Dantes10. Aug. 2021

Bitcoin four-hour chart

Market Wrap: Bitcoin Rallies Ahead of Senate Compromise

Bitcoin and ether remain well bid as U.S. senators reach a compromise on the crypto provision of the infrastructure bill.

Von Damanick Dantes, Frances Yue9. Aug. 2021

Bitcoin 24-hour price chart, CoinDesk 20

Bitcoin Holds Support; Next Resistance at $50K

Buyers could remain active on pullbacks this week as bitcoin cleared important technical levels.

Von Damanick Dantes9. Aug. 2021

Bitcoin daily chart

Bitcoin Returns Above $40K; Faces Resistance at $45K-$50K

Strong overhead resistance could limit price rallies into next week.

Von Damanick Dantes6. Aug. 2021

Bitcoin daily chart

Market Wrap: Ethereum Hard Fork Rally Outperforms Bitcoin

Ether is up 3% over the past 24 hours.

Von Damanick Dantes, Frances Yue5. Aug. 2021

Ether 24 hour price chart, CoinDesk 20

Bitcoin Oversold Bounce Fades, Support at $34K-$36K

Initial support around $34K could stabilize the pullback.

Von Damanick Dantes5. Aug. 2021

Bitcoin four-hour chart

Bitcoin Stuck Below $40K, Eyes Short-Term Oversold Bounce

Bitcoin buyers could maintain support above $36K.

Von Damanick Dantes4. Aug. 2021

Bitcoin hourly chart

Bitcoin Approaching Short-Term Support at $34K-$36K

Bitcoin is under pressure, although buyers could return for a brief bounce.

Von Damanick Dantes3. Aug. 2021

Bitcoin four-hour chart

Bitcoin Slips Below $40K; Support Around $34K

The weekly chart is holding support and could signal a return of positive momentum this month.

Von Damanick Dantes2. Aug. 2021

Bitcoin four-hour chart

Bitcoin Struggles at Resistance; Lower Support Near $34K

Lower support near $34,000 could stabilize the pullback into the weekend.

Von Damanick Dantes30. Juli 2021

Bitcoin daily chart

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