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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.
Why Bitcoin Is a Better Risk Bet Than a Stack of Penny Stocks
Volatility is a measure of risk, and that's often measured in relation to returns. By that measure bitcoin is a beast so far this year.
Bitcoin Gains Ahead of $6B Options Expiry After Market Finds $50K Floor
BTC held support around $50K and is approaching resistance around $56K.
Bitcoin Stabilizes After Sell-off, Resistance Seen Around $56K
For now, bitcoin continues to hold long-term trend support above $50,000, with lower support around $42,000.
Bitcoin Holds Support, Approaching Resistance Around $60K
The daily relative strength index (RSI) is back in neutral territory after reaching overbought levels earlier this month.
Bitcoin Breaks Below Short-Term Uptrend, Lower Support Around $50K
Bitcoin's uptrend continues to slow after breaking short-term support.
Veteran Analyst Peter Brandt Expects Bitcoin to Reach $200K
Based on an analysis of price chart patterns, bitcoin is about halfway through its current bull market, which began around the March 2020 low.
Bitcoin Uptrend Slows, Stays at $58K, Battles Resistance Near All-Time High
BTC is moving sideways as its short-term uptrend slows.
Bitcoin Price Chart Shows Bull Fatigue as Analyst Sees 'Rising Wedge'
Bitcoin looks to have charted a rising wedge pattern, a sign of uptrend fatigue.
Bitcoin Maintains Trend Support at $56K, All-Time High Within Reach Around $61K
The month-long uptrend from $43,000 remains intact, although longer-term signals are weakening.
Bitcoin Tends to Weaken During Asian Trading, Especially After Bank of Japan Policy Shift
Asian sellers meet North American buyers, as BoJ policy move reminds traders of timing patterns.
