- Back to menuPrices
- Back to menuResearch
- Back to menu
- Back to menu
- Back to menu
- Back to menuResearch
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 Stalls at $56K Resistance; Support Within Reach
Bitcoin stalled just below $56K resistance after a near 18% price recovery from last week's sell-off. Short-term support is within reach.
Bitcoin Rallies From Oversold Levels; Resistance Around $56K
BTC is now at the most overbought level since April 14, when it reached an all-time high around $64,800.
Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $58K
BTC is attempting to break above a series of lower price highs from April 14, which could stabilize the short-term downtrend.
Bitcoin Sell-Off Leaves Cryptocurrency in Weakening Short-Term Trend
The daily RSI is approaching oversold territory, which could attract short-term buyers.
Bitcoin Consolidates Below $56K Resistance as Buyers Lose Strength
BTC has remained in a consolidation phase since February.
Bitcoin's Recovery Stalls; Lower Support Around $52K
Bitcoin buyers are losing strength as the recovery from the April 17 sell-off stalls.
Bitcoin Holds Support Around $53K; Resistance Zone Within Reach
For now, the high-volume sell-off on April 17 suggests capitulation as buyers were quick to defend the price low just above $51,000.
Bitcoin Stabilizes After Weekend Sell-Off; Resistance Around $59K
BTC’s April 13 breakout above $60,000 and subsequent all-time high failed.
If Bitcoin Starts Closing Below the 50-Day SMA It May Mean Deeper Pullback Ahead
"The loss of bullish momentum is only short term in nature," one chart analyst said.
These 3 Charts Explain the 'Coinbase Premium' on Its Stock Price
Coinbase is not an "exchange." Its valuation points to different analogies in traditional finance and the desire for a passive, diversified investment in crypto.
