Technical Analysis | ForkLog

ForkLog 8 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 11 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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ForkLog 10 16.09.2024

Bitcoin Set to Surge to $150,000, Expert Predicts

Bitcoin has shown signs of a potential “explosive movement” into the $100,000-$150,000 range by the first quarter of 2025, according to investor and Okse co-founder known as Elja. $BTC massive cup and handle pattern ? You’re not bullish enough ?#Bitcoin pic.twitter.com/cyPcbMcpdr — Elja (@Eljaboom) September 14, 2024 The analyst identified a “cup and handle” pattern—characterized […]

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ForkLog 13 22.08.2024

Dovish Fed Minutes Boost Bitcoin Bullish Sentiment

Open interest in bitcoin futures surged from $30.21 billion to $31.92 billion following increased prospects of a Fed policy easing in September. The reduction in selling pressure from Mt.Gox clients and the German government, combined with heightened volatility, set the stage for renewed growth. Overbought conditions in several technical indicators could pose a challenge. On […]

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ForkLog 9 13.05.2024

Bitcoin’s Dip Below $60,000 May Trigger Panic Selling, Warns Expert

A drop in the price of the leading cryptocurrency below $60,000 could trigger panic selling, according to FxPro trader Alex Kuptsikevich, reports CoinDesk. The expert believes that a breakthrough above $65,000 would signal a revival of bullish sentiment. If this prediction comes true, it would lead to the price stabilizing above the 50DMA and the […]

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ForkLog 23 07.05.2024

Anthony Pompliano: Bitcoin’s Resilience Reaches New Heights

The 200 DMA has reached a new ATH above $50,000. This indicates that Bitcoin is “stronger than ever,” stated Anthony Pompliano, founder of Pomp Investments. Bitcoin’s 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don’t get lulled to sleep by bitcoin going sideways. […]

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ForkLog 8 06.05.2024

Bitcoin’s $60,000 Support Crucial for Reaching New Heights, Says Expert

Bitcoin must maintain the $60,000 mark if the current momentum weakens at $67,500. This could lead to the formation of an ‘inverse head and shoulders’ reversal pattern, according to trader Matthew Hyland. #BTC IF we don’t break straight through $67.5k then something like this forming over the next month would make sense for a bottom […]

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ForkLog 7 27.02.2024

Experts Highlight Risks of Institutional Shift from Ethereum to Bitcoin

The ETH/BTC exchange rate has reached a historic turning point, potentially increasing the risk of a correction in the coming days. Analysts at Cointelegraph have examined four reasons that could lead to such a scenario. Their assessments are based on the ambiguous technical picture of ETH/BTC. Experts noted the RSI entering the overbought zone and […]

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ForkLog 8 13.02.2024

Expert Analysis: 375,000 Investors Acquired Bitcoin at $50,230

Approximately 375,000 market participants purchased around 119,480 BTC (about $6 billion) at an average price of $50,228. This level could become a significant resistance for Bitcoin, according to Lookonchain. The price of $BTC just rose above $49.8K! Data from @intotheblock shows that ~375K addresses bought ~119.48K $BTC($6B) at an average price of $50,227.81. These addresses […]

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ForkLog 14 12.02.2024

Bitcoin Enters ‘High Risk’ Mode, Experts Warn

Glassnode identified a “risk zone” in the on-chain indicators system. Increased net inflow into spot Bitcoin ETFs has underpinned market recovery. Technical analysts warned of strong resistance at $50,000. Several on-chain indicators have entered what is termed a “risk zone,” potentially signaling the early stages of a bull market, according to Glassnode. Discover more in […]

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ForkLog 14 05.02.2024

Bitcoin Faces Potential Correction Risks Post-Halving, Experts Warn

Bitcoin is expected to “test investors’ resolve” with a sell-off following the halving, only to reach a new ATH in the fourth quarter. This forecast was presented by analysts at DecenTrader. Experts attribute these expectations to the “classic behavior” of the leading cryptocurrency in the year when miners’ rewards are halved. They noted that the […]

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ForkLog 9 01.02.2024

Analyst Predicts Bitcoin Rally Duration Post-Halving

Should historical trends hold true for the upcoming halving, Bitcoin is expected to reach a new ATH between April and October 2025, according to an analyst known as Ali. As we approach the #BitcoinHalving in April 2024, here are four key points to consider: 1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections […]

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