Technical Analysis | ForkLog

ForkLog 16 07.01.2025

Technical analyst flags resistance on Bitcoin’s path to new highs

Bitcoin faces only minor resistance between $104,700 and $105,770, where a “supply wall” of 107,000 BTC is clustered, according to technical analyst Ali Martinez.

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ForkLog 36 26.12.2024

Bitcoin and Solana Trading Volumes Hit Record Highs

Solana’s turnover in November reached a record $243 billion. The blockchain has taken a leading position with 132 million active users. An expert noted the formation of a “bullish pullback” pattern as an entry point for long positions. In November, Bitcoin and Solana trading volumes reached record highs of $2.2 trillion and $243 billion, respectively. […]

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ForkLog 8 09.12.2024

Experts Anticipate Ethereum Approaching All-Time High

Some traders anticipate that Ethereum’s price will soon test a new all-time high. The previous ATH of $4878 was reached on November 10, 2021. Current prices are approximately 20% below this level, having increased by about 29% over the past 30 days (CoinGecko). Ethereum is undergoing the same structural changes observed in Bitcoin in October, […]

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ForkLog 5 04.12.2024

Bitcoin Seeks New Support Levels, Say Analysts

The price of Bitcoin has recovered to above $96,000 after dipping to $94,000. Experts believe the cryptocurrency is finding new support levels before continuing its upward trajectory. Hourly chart of BTC/USDT on Binance. Data: TradingView. The decline in the digital currency’s price on December 3 was linked by many to the crash of the cryptocurrency […]

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ForkLog 5 03.12.2024

Analyst Warns of Potential Bitcoin Correction to $90,000

Recent patterns in Bitcoin’s chart suggest a possible reversal of the upward trend and a price correction, according to technical analyst Ali Martinez. #Bitcoin $BTC could be forming a head-and-shoulders pattern, which could trigger a price correction to $90,000! pic.twitter.com/mWLDabsYRV — Ali (@ali_charts) December 3, 2024 On December 3, the expert noted that a bearish […]

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ForkLog 8 02.12.2024

Ethereum’s Bullish Pattern Mirrors Bitcoin’s Past Rally

The Ethereum chart reveals a bullish pattern reminiscent of the one that preceded Bitcoin’s rally last November, according to CoinDesk analyst Omkar Godbole. Source: CoinDesk. The three-line break chart, which filters out daily noise and irregular price movements, indicates that an eight-month correction period in the cryptocurrency has concluded. The expert believes the pattern signals […]

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ForkLog 14 01.12.2024

Ethereum’s ‘Cup and Handle’ Pattern Suggests Potential Surge to $7,200

An analyst known as VentureFounder has identified a ‘cup and handle’ pattern on Ethereum’s bi-weekly chart, indicating a potential rise in the asset over the next four months. $ETH has a 3-year cup and handle in the making, it is about to be completed now if #Ethereum confirms $3.8k as support. First target: $5,349Second target: […]

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ForkLog 7 23.11.2024

Analyst Predicts Ethereum Surge to $20,000

Since November 2021, Ethereum’s chart has formed a triangle pattern. Analyst known as Wolf believes a potential breakout from this consolidation zone could target $20,000. Look, guys, take this with a grain of salt, but the $ETH chart is also shaping up as a compressing 3-year triangle consolidation since November 2021. A measured move from […]

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ForkLog 7 18.11.2024

Analyst Predicts Bitcoin Surge Beyond $200,000

A metric from fractal analysis suggests a potential rise in Bitcoin’s price beyond $200,000 in the current cycle, according to CoinDesk, citing a report by BCA Research. The forecast by Dhaval Joshi, chief strategist at Counterpoint, is based on the 260-day fractal complexity of the digital gold market. A decline in this indicator typically signifies […]

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ForkLog 3 28.10.2024

Analyst Predicts Ethereum Rebound to $6000

Since the beginning of the month, Ethereum’s price has dropped by 5.4%, yet several indicators suggest the cryptocurrency is poised for a reversal and potential recovery to $6000. This is according to analyst Cointelegraph Yashu Gola. Ethereum may close its first losing October since 2018. The expert attributes the weak performance to increased competition from […]

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ForkLog 6 23.10.2024

CryptoQuant Observes Bitcoin On-Chain Activity Surge to March Peaks

Retail investor demand for Bitcoin has returned to levels seen before the ATH in March 2024, according to CryptoQuant, reports The Block. “In the last 30 days, the metric has increased by ~13%, mirroring the scenario in March,” the report states. From June to the end of September, the opposite trend was observed. “The current […]

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ForkLog 10 16.09.2024

Experts Predict Imminent Bitcoin Bull Run

A Bitcoin bull market could commence within the next 22 days, based on historical cycles and current data. This conclusion was reached by WeRate co-founder Quinten François. The average #Bitcoin cycle:Starts 170 days after halving Peaks 480 days after halving We are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP — Quinten | 048.eth (@QuintenFrancois) […]

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