Dissecting the “Black Saturday” Market Meltdown
How auto-deleveraging kicked in, why it matters, and what analysts expect after crypto’s crash.Technical analysis of Bitcoin prices and the cryptocurrency market. Bitcoin price forecasts based on technical analysis.
Dissecting the “Black Saturday” Market Meltdown
How auto-deleveraging kicked in, why it matters, and what analysts expect after crypto’s crash.
MVRV Indicator Suggests Bitcoin’s Local Bottom
The MVRV ratio for the leading cryptocurrency fell below the 365-day simple moving average, indicating a local bottom.
Bitcoin may ‘overheat’ around $180,000, analyst says
Crypto markets are still far from overbought, leaving scope for the rally to continue, says analyst Frank Fetter, citing the Mayer Multiple.
Ethereum Enters Extreme Oversold Territory: What Lies Ahead?
The RSI indicator for Ethereum has dropped to its lowest levels since April, when it traded at $1400.
Indicator Signals Onset of Bitcoin’s ‘Extreme’ Volatility Phase
The Bollinger Bands on the monthly chart of the leading cryptocurrency have reached their lowest level ever, indicating "extreme" volatility.
Analyst Identifies Rare Bitcoin Price Bottom Signal
Short-term Bitcoin investors have generated a rare signal that previously indicated a local market bottom.
Technical Indicators Suggest Bitcoin Could Surge to $260,000
The daily chart of the leading cryptocurrency has formed two bullish 'megaphone' patterns, potentially indicating a move towards new all-time highs.
Analysts see risk of Bitcoin slipping below $90,000
The price of the leading cryptocurrency has retreated almost 8% in four days from its all-time high above $124,000. Technical indicators point to the risk of further declines. 15-minute BTC/USD chart on Binance. Source: TradingView. The analyst known as Captain Faibik highlighted a breakdown from a rising wedge on the daily chart. Traders view the […]
Ether tests $4,000
The second-largest cryptocurrency has risen 5.8% in the past 24 hours. At one point it touched $3969, setting a local high.
Technical Analyst Warns of Bitcoin’s Waning Bullish Momentum
The price of the leading cryptocurrency is trading sideways around the $120,000 mark. Options data on Deribit indicates a significant positive gamma for dealers at the $120,000 and $120,500 strikes, noted CoinDesk analyst Omkar Godbole. In this scenario, traders buy on dips and sell on rallies to neutralize risks, which reduces volatility, the expert explained. […]
Bitcoin Price Retreats After Testing $120,000 Level
On July 24, the price of the leading cryptocurrency retreated from the resistance level of $120,000. This may indicate selling by participants holding positions at this threshold. Daily chart of BTC/USD on Binance. Source: TradingView. At the time of writing, digital gold is trading at $115,715 (-2% for the day), according to CoinGecko. Following the […]We use cookies to improve the quality of our service.
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