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BTC has been showing near-term signs of strength, especially after reclaiming the 200-moving average on the 4-hour chart and holding $47.2k, a key level of support. What’s notable is that…
BTC’s near-term technicals continue to show strength as the price has reclaimed the 200-day moving average and $47.2k – a key level according to the UTXO Realized Price Distribution metric.…
BTC managed to close back above the critical 200-day moving average, boosting near-term technical momentum, driven by strong spot buying. The price pushed above a declining channel, signaling a near-term…
After a week filled with volatility and fear, BTC still managed to hold the critical 200-day and 21-week moving average. Although the near-term charts look bearish, it is important to…
Once again, BTC held support at the critical 200-day moving average of around $46k after shaking another round of weak hands. Although the near term charts look bearish, the overall…
After the nearly 20% plunge in BTC price, the cryptocurrency spent the next day consolidating and retesting the critical 200-day moving average at $46k. BTC managed to hold the level…
$4 billion in liquidations wiped out the derivatives market, sending BTC lower by 19% at the intraday lows yesterday. Crypto Twitter went into panic, as exchanges were unresponsive, investors struggled…
Bitcoin’s recent 2-week consolidation breakout above $50.5k has likely concluded Phase D of Wyckoff Accumulation, preparing the cryptocurrency to enter the Phase E mark up. Wyckoff Accumulation is a technical…
After 2 weeks of consolidation, Bitcoin managed to make a weekly close above the critical $50k level, marking another step forward in bull market continuation validation. This is now the…
The battle for $50k continues as the bitcoin price is trading above and below the key level. On Friday, September 3rd, 2021, Bitcoin successfully made the first daily close above…