Bitcoin’s price has been dropping continuously over the last week, and there may still be more. However, the bearish momentum is much lower than expected, and multiple support levels are available for the market to rely on.
Technical Analysis
By: Edris
The Daily Chart
Looking at the daily timeframe, the price has been declining since getting rejected from the $30K resistance level in April, and it has also broken below the ...
Bitcoin tried its hand at taking down $27,000 yesterday but failed amid low weekend trading volumes and has remained relatively still.
The altcoins are also lacking any substantial price moves, with ETH reclaiming $1,800 and BNB pumping above $310.
Bitcoin Stays Flat
The past several days didn’t go well for the primary cryptocurrency. It all started on Wednesday when the asset jumped from $27,500 to $28,400 in minutes after...
The price of Solana (SOL) is falling as it crosses below the 50-day line SMA. The move below the moving average lines signals that selling pressure continues.
Solana price long term forecast: bearish
Solana hit a low of $20.01 on May 8 befo...
Bitcoin’s troubles continued in the past 24 hours, and the asset charted a new two-month low before recovering over a grand.
The altcoins are in the green today, with LDO taking the main stage with a massive double-digit price surge.
BTC’s Pump and Dump Keeps Rolling
The major news from the past week came when the US CPI numbers for April informed that the inflation rates had slowed down and were actually lower than the exp...
Shiba Inu's (SHIB) cost has dropped significantly as it approaches the lowest selling price.
Shiba Inu price long term forecast: bearish
The cryptocurrency's value dropped to $0.00000857 on May 11. SHIB reached a high of $0.00000884 today b...
The past seven days saw the cryptocurrency market lose close to $100 billion off its total capitalization, which currently sits at $1.150B. It’s not been very fun for market participants as the majority of coins are trading well in the red. Once again, the hottest story of the week might as well be PEPE, but not for the same reasons as last week. Let’s dive in.
First things first, Bitcoin’s price crashed by roughly 9% throu...
The landscape around bitcoin took another turn for the worse in the past 24 hours as the asset fell to its lowest price position in almost two months.
The altcoins are in no better shape, with ETH, MATIC, SHIB, DOT, LDO, and many others dumping hard in the past 48 hours.
Bitcoin Falls Toward $26K
Bitcoin was trading sideways for a few days until Tuesday and sat calmly around $27,500, anticipating the US CPI announcement, wh...
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Bitcoin Ordinals trading volume has declined for three consecutive days after hitting a peak of $18.13 million on May 8.
The number of transactions has reduced to a third between May 8 and May 11.
Bitcoin network’s hashrate and price have declined alongside the drop in on-chain activity of Ordinals.
Bitcoin Ordina...
Bitcoin has been showing relatively bearish price action after a decisive rejection from the $30K resistance level, while also losing key support recently. Yet, there are still multiple crucial zones for the price to rely on.
Technical Analysis
By: Edris
The Daily Chart
The price has been consolidating below the $30K resistance level following a failed breakout earlier in April. The 50-day moving average has also been broke...
This week, Bitcoin and the altcoins are moving downwards as the cryptos are losing value in the bearish trend zone. BSV and KAVA, on the other hand, seem quite promising as they trade in the uptrend zone. The market is down, so let us take a look at some altcoins.
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