After rebounding from the substantial support region around the 100-day moving average, the price initiated a retracement towards the resistance range of $43,578-$45,606.
However, the momentum has weakened, suggesting the potential for a new bearish leg.
Technical Analysis
By Shayan
The Daily Chart
A thorough examination of the daily chart reveals that following Bitcoin’s recent bounce from a crucial support region, which i...
Bitcoin’s price performance continues in an underwhelming fashion, as the asset slipped below $43,000 but has returned to that level in the Asian trading hours.
The altcoins are mostly with minor gains, aside from LINK and TIA from the larger caps, both of which have charted impressive increases.
BTC Shaky at $43K
Bitcoin faced enhanced volatility after the approval of spot ETFs last month, but it was predominantly heading ...
The price of Dogecoin (DOGE) has fallen below the moving average lines but above the $0.078 support.
Long-term outlook for the Dogecoin price: bearish
Since January 3, selling pressure has stalled above the $0.078 support. The bears have fail...
The lack of substantial price movements for Bitcoin continue through the entire weekend, as the asset failed to deviate from its $43,000 level.
The alternative coins are also untypically stable, with minor losses from the likes of ADA, DOT, LINK, MATIC, and SOL.
BTC Stagnates at $43K
The primary cryptocurrency bounced off last Thursday from the post-ETF approvals decline that pushed it south by over ten grand in weeks. Foll...
Shiba Inu (SHIB) price has reached bearish fatigue after holding above the $0.00000870 support level. The moving average lines have capped the upside.
Long-term forecast for the Shiba Inu price: bearish
Since the plunge on January 23...
Today, the market continues to stabilize and Ripple coin moved above the $0.48 support level. Price analysis by Coinidol.com.
XRP price long-term forecast: bearish
The Ripple (XRP) coin price fell to a low of $0.485 on January 31, 2024. This ...
After the enhanced volatility experienced lately, BTC has finally calmed at around the $43,000 mark.
Most altcoins are also untypically calm on a daily scale, aside from ICP and TIA – both of which have marked impressive gains.
BTC Stalls at $43K
Bitcoin slumped hard in the weeks following the approval and launch of nearly a dozen spot ETFs in the States and bottomed last Thursday at $38,500. The bulls finally managed to in...
After months of recovery, Bitcoin’s price has failed to break above $48K and has been decisively rejected to the downside.
Yet, the uptrend may be far from over.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been rejected from the $48K resistance level. Yet, the $40K support zone has held the market, preventing a deeper drop. The price consolidates between these two price levels, and br...
The market continues its recovery from the plunge that took place last week and is currently stable above the $1.7 trillion mark in terms of total capitalization. This comes on the back of increases in Bitcoin’s price, a massive airdrop, as well as a proper performance from some major altcoins.
Starting with Bitcoin – managed to push past the $43K level and even attempted a shot at $44K but came short. This puts BTC at an i...
The Bitcoin (BTC) price is currently trading within the moving average lines, despite the strong resistance at the $44,000 mark.
Long-term forecast for the Bitcoin price: bullish
The latest cryptocurrency analysis by Coinidol.com points out t...
