Cryptocurrency Analysis and News Portal
Bitcoin (BTC) is declining from overbought levels, although buyers could remain active around $43K support. Sellers could remain active into the Asia trading day until oversold signals appear on intraday charts. Source
Read More
Bitcoin (BTC) is attempting to break above an intraday trading range, but resistance around $48K-$51K could stall the rally. Momentum signals remain positive, which could keep buyers active over the short-term. Original Source
Read More
Further, BTC is two days away from registering a countertrend sell signal, according the DeMark indicators, similar to what occurred last August. At that stage, short-term buyers will likely defend support, especially because momentum signals turned positive on the weekly chart. Original Source
Read More
Bitcoin (BTC) is gathering upside momentum toward the 200-day moving average near $48K. The cryptocurrency could see additional upside at $51K until overbought signals appear on the charts. Source
Read More
On the weekly chart, BTC established a higher price low relative to the June 2021 bottom of around $28,800. The latest cycle low was achieved this year on Jan. 24 at $33,100, indicating renewed buying strength. Further, momentum signals are on the verge of turning positive, which could support a
Read More
Bitcoin (BTC) continues to gather upside momentum as short term indicators improve. The cryptocurrency could see further upside toward the $46K-$51K resistance zone. Original Source
Read More
Bitcoin's trading volume remains low relative to prior highs, although a decisive breakout above $46,000 could encourage additional buying activity. For now, BTC remains in a month-long trading range and is attempting to reverse a four-month long downtrend. Source
Read More
Bitcoin (BTC) momentum signals are improving, which could keep buyers active toward the $46K-$50K resistance zone. For now, pullbacks appear to be limited with support nearby at $40K. Source
Read More
Bitcoin (BTC) continues to struggle near the $40,000 resistance zone after overbought signals appeared on the charts. Still, pullbacks could be limited around lower support levels, which could keep buyers active over the short-term. Source
Read More
Bitcoin (BTC) is strengthening above $40K and could see further upside toward the $43K-$46K resistance zone. The consolidation phase could be nearing an end, especially if a breakout is confirmed over the weekend. Original Source
Read More