Technical Analysis | ForkLog

ForkLog 23 19.03.2025

QCP Capital Questions Bitcoin’s $80,000 Support Amid Economic Concerns

The $80,000 support level for Bitcoin is fragile due to macroeconomic weaknesses and will not serve as the bottom in this correction, according to a report by QCP Capital. Asia Colour — 19 Mar 25 1/ It’s been a month since the S&P 500 hit a new high, but the mood has soured. Market exuberance […]

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ForkLog 18 17.03.2025

Trader Identifies Bullish Signal for Potential 50% Bitcoin Surge

The stochastic RSI indicator for Bitcoin has formed a “bullish cross,” historically followed by an average price increase of 50%. This observation was made by Merlijn Enkelaer, founder of Profitz Academy. HISTORY DOESN’T LIE: BITCOIN IS ABOUT TO SEND! The Stoch RSI bullish cross just flashed!Every time this happens, $BTC pumps an average of 56%! […]

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ForkLog 21 13.03.2025

Ethereum Falls to Lowest Against Bitcoin Since May 2020

On March 13, the ETH/BTC exchange rate dropped to 0.0224, a level not seen since May 2020. Weekly ETH/BTC chart on Binance. Data: TradingView. According to Qiao Wang, co-founder of Alliance DAO, the current oversold level of Ethereum is comparable to the situation following the Terra collapse in 2021, the bear market of 2018, and […]

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ForkLog 15 11.03.2025

QCP Capital Attributes Bitcoin’s Decline to Trump’s Recession Stance

The flight from risky assets is driven by signals of US President Donald Trump’s readiness for a recession. Investors remain cautious, considering only “long-term” call options. Technical indicators do not rule out a rebound due to extreme levels of fear. The price of the leading cryptocurrency hit new lows for the year, falling below $80,000 […]

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ForkLog 18 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 23 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 9 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 30 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 25 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 12 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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