Bitcoin’s price is currently going through a phase of consolidation and has reached the 100-day moving average of $26,922. However, two significant support areas ahead on its path could potentially halt the ongoing decline and trigger the next bullish rally.
Technical Analysis
By Shayan
The Daily Chart
During the consolidation correction stage, BTC dipped slightly below the middle trendline of the ascending channel and test...
Bitcoin has remained stuck during the weekend amid the lower trading volumes but still stands above $27,000.
The altcoins are also quiet on a daily scale, but several – such as LDO, INJ, and QNT, have produced massive weekly gains.
BTC Flat at $27K
It was less than a week ago, on Monday when the primary cryptocurrency initiated a massive leg-up that resulted in tapping a three-week high at $28,500. This came after the initi...
Quant (QNT) price has crossed the moving average lines and is currently rising.
Quant long term price forecast: bullish
The uptrend has reached a high at $120. The uptrend has held at its recent high since May 30. In the last five days, pri...
Bitcoin’s price has settled at around $27,000 after dipping below that level on a few occasions during the working week.
Most altcoins are also quiet today, aside from Tron, which has skyrocketed by double digits.
BTC Calm at $27K
Although Monday started on a highly positive note, after the US government’s debt ceiling deal and BTC skyrocketed to a two-week high at $28,500, the week didn’t turn out all that well for the ass...
Ethereum price (ETH) is in the bullish trend zone as it moves three times closer to the resistance level of $1,920.
Long-term analysis of the Ethereum price: bullish
Since the price cut on May 11, the Ether price has only fluctuated betwee...
The past seven days saw the cryptocurrency market increase, but it wasn’t something particularly considerable. Bitcoin remained rather stagnant and managed an increase of slightly more than one percent. However, there were those who exploded and led the market’s recovery. Namely, XRP. Let’s dive in.
Starting with the BTC price – it wasn’t very impressive during the last week. In fact, the primary cryptocurrency only booked ...
The past 24 hours saw another dip from bitcoin that drove it south to its lowest price position in a week, but the asset managed to erase those losses in the following hours.
The altcoins are slightly in the green on a daily scale now, as ETH has neared $1,900, while ADA and XRP are up by 2-3%.
BTC Uncertain at $27K
Ever since it tapped a two-week high at $28,500 this week, bitcoin’s performance has been quite underwhelming...
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The US economy added 339,000 jobs in May, beating market expectations of 190,000.
May US NFP data release signals a hot job market, with experts saying it is consistent with a soft landing for the economy.
Annual wage growth has slowed, pointing at cooling inflation pressures and thus less likelihood of a rate hike.
...
Bitcoin (BTC) price has continued to move below the moving average lines.
Bitcoin price long-term forecast: bearish
Since the price collapse on May 12, the bitcoin price has been limited to a range between $26,000 and $28,000. Over the past...
Bitcoin’s price slipped once again as May came to its end, and thus the asset registered its first losing month since the start of the year.
Most altcoins are in no better shape, aside from Litecoin, QNT, GRT, and a few more.
BTC First Red Month in 2023
The primary cryptocurrency had a choppy month. Looking at the end of it, one can see that it failed to breach the resistance levels at $27,500 despite several attempts. More...
