Tag Archives: bitcoin technical analysis

Bitcoin Fails To Break $74,000 Resistance: Analyst Predicts ‘Structural Bottom’ Yet to Form

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Bitcoin (BTC) made a notable recovery on Friday, witnessing a 4% surge that led the leading cryptocurrency to retest the critical $74,000 resistance level, which has remained unbroken for the past month.  However, even with this upward movement, the cryptocurrency has retraced to approximately $72,215, establishing itself at the upper boundary of its ongoing consolidation… Continue reading Bitcoin Fails To Break $74,000 Resistance: Analyst Predicts ‘Structural Bottom’ Yet to Form→

Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg

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As Bitcoin (BTC) seeks to solidify its position around $71,000, the cryptocurrency faces a challenge from the $74,000 resistance level that has so far prevented a decisive breakout.  However, recent insights from Bloomberg indicate that a collection of indicators, historically associated with the conclusion of downward trends, suggest the current sell-off may be reaching its… Continue reading Bitcoin Price Nearing Bottom? Key Indicators Suggest End Of Downturn–Bloomberg→

Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance

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Despite trading more than 40% below its all-time high, with $70,000 serving as a short-term support level, Bitcoin (BTC) may be poised for a repeat pattern that could lead to a 54% increase following this year’s US midterm elections.  New research from cryptocurrency exchange Binance suggests that, historically, the aftermath of midterm elections has been… Continue reading Bitcoin Historically Surges 54% On Average Post-US Midterm Elections, Binance→

Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come

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Bitcoin (BTC) is currently navigating a trading range between $60,000 and $73,000, entering what analytics platform CryptoQuant describes as “the most frustrating phase in the cycle.”  According to a recent analysis by CryptoQuant contributor MorenoDV, Bitcoin finds itself in a period characterized by heightened uncertainty, with market signals indicating more hesitation than firm conviction. Bear… Continue reading Bitcoin Enters ‘Most Frustrating Phase,’ CryptoQuant Says: A Look At What’s To Come→

Bitcoin May Hit $180,000 This Year, But Only If This Scenario Plays Out: Amber Data

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Bitcoin (BTC) began the week with a sharp rebound that briefly lifted the world’s largest cryptocurrency back toward the $74,000 mark on Wednesday for the first time in more than a month. However, as the week comes to a close, that momentum has faded, with BTC sliding back to roughly $68,260. Even with the choppy… Continue reading Bitcoin May Hit $180,000 This Year, But Only If This Scenario Plays Out: Amber Data→

Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet

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Bitcoin (BTC) has climbed back above the $73,000 level for the first time since early February, marking a notable recovery for the cryptocurrency. As momentum builds, some analysts believe the move could extend further if current trends remain intact. Among them is market analyst Ali Martinez, who shared his outlook in a recent post on… Continue reading Bitcoin Tops $73,000, Expert Explains Why The Rally Isn’t Over Yet→

Bitcoin Prints Fifth Straight Red Month; Previous Streak Was Followed By 300% Surge

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Bitcoin (BTC) has wrapped up February with its fifth straight monthly loss, marking only the second time in its history that the leading cryptocurrency has printed five consecutive red candles on the monthly chart.  Upside Call Options Surge The latest decline saw Bitcoin fall to around $63,000 last Saturday, representing a roughly 15% drop for… Continue reading Bitcoin Prints Fifth Straight Red Month; Previous Streak Was Followed By 300% Surge→

Bitcoin Price Surges 8% — Key Drivers Behind The Recovery Toward $70,000

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The cryptocurrency market staged a broad recovery on Wednesday, led by a sharp rebound in the Bitcoin price that pushed the digital asset close to the $70,000 level once again. Bitcoin climbed roughly 8% on the day, approaching a price zone that has acted as firm resistance since it was lost earlier this month. The… Continue reading Bitcoin Price Surges 8% — Key Drivers Behind The Recovery Toward $70,000→

Why Bitcoin Could Be Headed For Another Drop: Research Firm Cites Three Key Risks

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Bitcoin (BTC) is currently holding below the key $70,000 level. Still, a new report from data and research firm Ecoinometrics suggests that the market may not be building a base for recovery.  Instead, the firm argues that the cryptocurrency remains vulnerable to another downward move, driven by three overlapping forces: weakening equity momentum, structural changes… Continue reading Why Bitcoin Could Be Headed For Another Drop: Research Firm Cites Three Key Risks→

Top Expert Projects Bitcoin Bear Market To End In Less Than 365 Days

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With Bitcoin (BTC) hovering around 50% below its all-time high of $126,000 reached last October, investors are increasingly questioning when the cryptocurrency might finally establish its next bottom.  According to market expert and technical analyst Altcoin Sherpa, the current bear phase is unlikely to drag on for another full year. In his view, Bitcoin could… Continue reading Top Expert Projects Bitcoin Bear Market To End In Less Than 365 Days→