Related to #analysis

In this article, we will analyze the current state of the cryptocurrency market through the lens of market cap, BTC dominance, and major indices. We will also look at the potential for an alt season, the impact of the upcoming Bitcoin halving, and which coins are outperforming BTC in the long term. Finally, we will provide a short-term perspective on the price of Bitcoin.

First, let's h ...

Hi guys, I've been thinking of how to make useful ideas, and here's what I came up with.I will be watching useful coins in the top 100, starting with a high timeframe analysis and then continuing on the intraday regularly.Let's start with Bitcoin, the most popular digital currency, which offers to be your own bank, with a limited supply of 21 millions.On the weekly chart from above, we clearly are ...

Let's start on the weekly and daily charts:The weekly shows an ascending wedge.A rising wedge is often considered a bearish chart pattern that indicates a potential breakout to the downside.Trading volume and RSI are also decreasing.=> The sentiment is bearish on the weekly timeframe.On the daily, we are seeing consolidation areas. The current area might be broken to either side, knowing the previ ...

As of May 23, 2024, Bitcoin (BTC/USDT) is experiencing some notable movements on the daily chart. Here's an in-depth technical analysis to provide insights into the current market conditions and potential future price actions.

Price Action and Key Levels

Current Price: $69,265.99 (down by 1.26% today)
Resistance Levels:

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Welcome to our weekly analysis of the cryptocurrency space.

BTC/USDT
The BTCUSDT chart shows Bitcoin trading within a descending channel, with recent price action bouncing off the lower boundary of this channel, indicating potential support around the $53,000 level. The RSI indicates bullish divergence, suggesting a possible trend reversal or a strong bounce from this support level ...