Technical Analysis | ForkLog

ForkLog 14 10.03.2025

Ethereum Enters Bear Market Following 20% Weekly Decline

Ethereum’s 20% plunge over the past week has pushed its price below the upward trendline established after the Terra collapse. This technical development suggests the end of a three-year bull market, as noted by CoinDesk. The situation is exacerbated by the breach of the $2100 level, which had marked a point of bear exhaustion in […]

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ForkLog 18 07.03.2025

Ethereum Sentiment Reaches Yearly Low Amid Market Stabilization

The sentiment index for the second-largest cryptocurrency by market capitalization has dropped to its lowest point in a year, indicating a potential market reversal as the overall market stabilizes, according to Santiment. ? Ethereum sentiment has declined to year-low levels as the asset has underperformed relative to other top caps. For those patiently holding their […]

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ForkLog 8 06.03.2025

Glassnode Identifies Critical Level for Bitcoin’s Return to Growth

For the leading cryptocurrency, the key lies in positioning around the $92,000 level, which aligns with the average “cost” of coins held by speculators. A failure by the bulls to regain control over this level could see the price drop to $71,000, according to Glassnode. Analysts view this area as one of interest, consistent with […]

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ForkLog 10 05.03.2025

Experts Predict Bitcoin’s Return to $95,000 Amid ‘Bear Exhaustion’

Signs of seller exhaustion after Bitcoin touched the 200 DMA suggest a potential rebound. This conclusion was reached by CoinDesk. Experts referred to the daily candlesticks on February 28 and March 4, which featured two long lower wicks and small bodies, formed at a key support level. This pattern indicates a potential shift in momentum […]

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ForkLog 24 28.02.2025

Expert Identifies Target of Bitcoin’s Current Correction

The sell-off in Bitcoin could potentially serve as a “healthy” retest of the $73,835 level breached in November. The downward momentum may wane as it approaches this mark, laying the groundwork for more substantial growth, according to CoinDesk. Data: CoinDesk. Experts suggest the current decline resembles a classic breakout and retest, which often leads to […]

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ForkLog 21 25.02.2025

Ethereum Faces ‘Death Cross’ as Bearish Signals Emerge

The price of the second-largest cryptocurrency by market capitalization is on the verge of a ‘death cross’—a harbinger of bearish momentum. This signal occurs when the 50 DMA crosses below the 200 DMA. On February 25, Ethereum’s price fell to $2325, with the ‘fast’ moving average nearing a crossover with the lower ‘slow’ counterpart. Data: […]

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ForkLog 7 08.02.2025

Standard Chartered Sees Favourable Market Conditions for Bitcoin

Macroeconomic data indicates stability in the American economy. The US Federal Reserve will conclude the “era of expensive money” by June. Technical analyst Michaël van de Poppe anticipates a market capitalisation recovery post-correction. Experts at Standard Chartered believe the current market situation creates favourable conditions for Bitcoin and the digital asset sector as a whole; […]

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ForkLog 11 06.02.2025

Ethereum’s Price Trajectory: From $1,700 to $6,000

Should the second-largest cryptocurrency by market capitalization maintain a position above $2,500, its price could potentially “rebound to $4,000 or even $6,000,” according to expert Ali Martinez.

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ForkLog 9 05.02.2025

Experts Identify Three Risks Threatening Bitcoin’s $90,000 Level

Bitcoin faces the risk of dropping below its current range of $90,000–$110,000. CoinDesk has highlighted three factors that could contribute to this scenario. These are: tightening fiat liquidity; delays by the Trump administration in establishing a national bitcoin reserve; weakening upward momentum, according to technical analysis. Liquidity Specifically, the cash balance in the U.S. Treasury’s […]

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ForkLog 13 30.01.2025

Analyst Identifies Critical Level for Bitcoin’s Bull Run Continuation

The key support for the price of the leading cryptocurrency is positioned at $97,877, where over 101,000 BTC have been transferred into wallets. Maintaining above this level is crucial for preserving the bullish momentum, according to analyst Ali Martinez. The key support level for #Bitcoin is at $97,877, where more than 101,000 $BTC were accumulated. […]

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ForkLog 15 30.01.2025

Bitwise Predicts Shallower Bitcoin Corrections Due to Trump

Compared to previous cycles, the dynamics of digital gold are likely to be characterized by shorter and less severe pullbacks. This conclusion was reached by CIO of Bitwise, Matt Hougan, as reported by The Block. “If we follow the historical pattern, 2025 will be an excellent year for cryptocurrencies. We predict that Bitcoin will double […]

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ForkLog 9 27.01.2025

Expert Highlights Risks of Bitcoin’s ‘Double Top’ Formation Targeting $75,000

In recent days, Bitcoin failed to hold above $108,000, potentially leading to the formation of a bearish reversal pattern known as a ‘double top,’ targeting $75,000. This forecast was provided by CoinDesk. The pattern consists of two consecutive peaks of roughly equal height, with a trough in between. A break below this trough confirms the […]

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