Ethereum Chart Reveals ‘Bearish Pennant’ Targeting $1100
The daily chart of Ethereum has formed a 'Bearish Pennant'—a pattern indicating a likely significant price drop.Technical analysis of Bitcoin prices and the cryptocurrency market. Bitcoin price forecasts based on technical analysis.
Ethereum Chart Reveals ‘Bearish Pennant’ Targeting $1100
The daily chart of Ethereum has formed a 'Bearish Pennant'—a pattern indicating a likely significant price drop.
A ‘bear pennant’ points to a possible drop in bitcoin to $55,000
The risk that February’s bitcoin correction will persist remains high as bearish charts meet rising whale activity.
Long-term bitcoin investors realise hefty losses, says Glassnode
Bitcoin’s drop to $60,000 put psychological pressure on long-term holders comparable to Terra’s May 2022 collapse, Glassnode said.
Technical Analyst Flags Signal Pointing to Bitcoin Drop Toward $68,000
On the weekly chart, bitcoin fell below the 100-WEMA after losing $85,000 — a signal that has previously preceded sharp declines.
XRP ETFs See $1 Billion Inflows in One Month
Since their mid-November launch, spot XRP ETFs have posted net inflows for 30 straight days, amassing $990m.
Prediction Markets Doubt Bitcoin Will Hit $100,000 by Year-End
Many users of prediction platforms are convinced that the first cryptocurrency will end the year below the psychological mark of $100,000.
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.We use cookies to improve the quality of our service.
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