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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 Recedes From All-Time High; Approaching Support
BTC is roughly 7% lower from its all-time high, similar to the April 1 pullback.
Bitcoin Struggles Around All-Time High Resistance; Support Within Reach
BTC buyers take profit, but selling should be limited around $61K support.
Bitcoin Pauses After Breakout to All-Time High, Support Around $62K
BTC buyers have taken some profit, but support is nearby.
Bitcoin Breaks to All-Time High, Ending Three Months of Consolidation
Bitcoin made a fresh all-time high after breaking above $60K and ending three months of consolidation. Next resistance around $68K-$70K.
Bitcoin Struggles Near $60K; Short-Term Support Around $58K
Bitcoin struggled near $60K again; support is nearby around $58K as buyers take some profit.
XRP's Price Can Go ‘Boatload’ Higher: Veteran Analyst Peter Brandt
XRP has rallied by over 50% so far this week, for a market value of $37 billion.
Bitcoin Holds Support; $60K Resistance Within Reach
BTC is attempting to break above a series of lower price highs since April 1, which suggests buyers are gaining strength as sellers retreat.
Ether’s Record Run Came With Less Support Than Bitcoin’s, Blockchain Analysis Shows
Philip Gradwell of Chainalysis said on CoinDesk TV that “relatively little” ether was bought above $1,850 and even less was bought at $2,000 or above.
This Indicator Suggests Bitcoin Is Overdue for a Big Price Move
Bitcoin may be building for a big move as price volatility hits four-month low.
Bitcoin Drifts Lower; Support Around $54K-$55K
Bitcoin buyers and sellers are in a stalemate as oversold rallies have been limited on intraday charts.
