Technical Analysis | ForkLog

ForkLog 6 26.01.2024

JPMorgan Foresees Bitcoin Stabilization as GBTC Sales Dwindle

The downward trend of Bitcoin appears limited as profit-taking in GBTC has largely concluded, according to JPMorgan analysts, reports The Block. This assessment is based on the $4.3 billion outflow from the product since its conversion from a trust to an ETF, surpassing the bank’s forecast of $3 billion. Inflows and outflows dynamics in spot […]

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ForkLog 9 25.01.2024

Analyst Identifies Bitcoin’s Panic Selling Trigger Price

Should the leading cryptocurrency fall below $38,130, short-term holders may find themselves at a loss and attempt to minimize their losses, according to technical analyst Ali. If #Bitcoin‘s price falls below $38,130, short-term $BTC holders could find themselves in the red. This potential #BTC dip might trigger a new wave of panic selling as these […]

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ForkLog 18 23.01.2024

Analysts Outline Bitcoin’s Price Trajectory

An analyst known as Ali has illustrated the price patterns of the last two cycles of the leading cryptocurrency and suggested a potential further decline in its value. Reflecting on the last two bull cycles, $BTC typically retraced to the 50% Fibonacci level after hitting the 78.6% Fib. Recently, #Bitcoin reached this 78.6% Fib level […]

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ForkLog 11 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

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ForkLog 12 07.12.2023

Analysts Forecast the Duration of Bitcoin’s Current Rally

The average drawdown in bear phases was 74.8%, and gains during bull phases were 6060%. These estimates were provided by IOSG.

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ForkLog 18 05.12.2023

What to Be: Vladimir Koen on His Path From a Currency-Exchange Operator to Crypto Trading

What skills should a beginner trader have, and what mistakes are made not only by novices but also by seasoned professionals.

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ForkLog 17 05.12.2023

Expert identifies $5 billion of profit-taking by Bitcoin speculators

Digital gold faced a wave of profit-taking worth $5 billion, comparable to levels seen during the run to ATH near $69,000. Such estimates were provided by analyst James van Straten.

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ForkLog 12 02.11.2023

Experts see Bitcoin poised to reach $40,000

On the daily chart, after the price rose out of a bullish pennant pattern, a continuation signal formed with a target of $40,100. A trader going by the nickname Titan of Crypto presented a similar technical setup.

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ForkLog 9 31.10.2023

Experts point to potential for Bitcoin’s continued growth

Bitcoin confirmed the formation of a 'golden cross' signal, which implies the development of an uptrend. This was noted by market analyst Adrian Zduńczyk.

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ForkLog 9 26.10.2023

Peter Brandt urges Bitcoin traders to brace for a chop-fest

Bitcoin has bottomed, but ahead lies a "festival of swings".

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ForkLog 10 20.06.2023

New Litecoin addresses rise 55% ahead of halving

Between June 10 and 17, the number of new addresses on the Litecoin network rose by 54.6%, surpassing 300,000.

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ForkLog 17 12.05.2023

Ethereum network experiences finality glitch

An unknown error in the Ethereum blockchain caused transactions to fail to finalise for a period.

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