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 Breaks Below $42K; Next Support at $34K as Intermediate Trend Turns Bearish

The next level of support is seen at around $34,000, which could stabilize the sell-off.

Por Damanick Dantes19 may 2021

BTC daily chart

Bitcoin Stabilizes at Support; Faces Resistance Around $50K-$53K

BTC continues to consolidate and is now at the bottom of a three-month range.

Por Damanick Dantes18 may 2021

Bitcoin four-hour chart

Bitcoin Holds Support; Faces Resistance at $50K

BTC remains in a consolidation phase after failing to sustain moves above $64,000.

Por Damanick Dantes17 may 2021

Bitcoin daily chart

Bitcoin Stabilizes After Sell-Off; Faces Resistance Near $53K

BTC 's price recovery could be limited into the weekend.

Por Damanick Dantes14 may 2021

Bitcoin four-hour chart

Bitcoin Sell-Off Could Stabilize Around $42K Support

BTC remains under pressure and could find lower support near $42K as long-term momentum wanes.

Por Damanick Dantes13 may 2021

Bitcoin four-hour chart

Fairlead's Stockton Warns of Bitcoin Correction to $42K, Based on Technical Analysis

"We are watching $42,000 as support," one analyst said.

Por Omkar Godbole12 may 2021

Possible head-and-shoulders formation?

Bitcoin Struggles Near Resistance; Could Find Support at $55K

Long-term momentum is deteriorating as buyers continue to take profit on rallies.

Por Damanick Dantes12 may 2021

Bitcoin hourly chart

Bitcoin Stabilizes After Pullback; Faces Resistance at $57K

The broader uptrend remains intact despite several months of consolidation.

Por Damanick Dantes11 may 2021

Bitcoin hourly chart

Bitcoin Stalls at Resistance; Could Face Lower Support at $56K

However, if BTC breaks below $57,000, buyers will likely wait to enter around lower support at $56,000.

Por Damanick Dantes10 may 2021

Bitcoin hourly chart

Bitcoin Holds Support, Faces Resistance at $58K-$60K

BTC buyers continue to take profits on recoveries.

Por Damanick Dantes7 may 2021

Bitcoin four-hour chart

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