Stories tagged “Technical Analysis.”
18 stories
The S&P 500 and Nasdaq, when priced in bitcoin, have decisively broken above their 200-week moving averages for the first time since 2012, signaling a potential end to Bitcoin's era of outsized outperformance against equities.
The S&P 500 recently broke support near 7420 and moved to new monthly lows, signaling a subtle bearish shift and increasing the likelihood of a near-term retrace.
XRP climbed about 4.6% to $1.13, a level traders are watching for a potential breakout towards $1.35, despite the token remaining within a larger descending channel on the daily chart.
A longer-term version of the MACD histogram has turned positive for Bitcoin, signaling potential for further price gains beyond $64,000. This bullish shift directs attention to critical resistance levels between $65,000 and $80,000.
John Bollinger, creator of the Bollinger Bands indicator, suggests Bitcoin is nearing the completion of a "W"-shaped reversal pattern that could signal the end of its downtrend.
Bitcoin experienced a 20% drop in June, its worst monthly performance since June 2022, with its monthly candlestick chart signaling overwhelming bearish dominance and potential for further losses.
The S&P 500 technicals have shifted neutral/bearish, with June forming a bearish bar and a daily close below the 50SMA. The near-term downside target is 7197.
CoinDesk says Bitcoin’s long-running Fibonacci pattern could point to a drop to about $48,215 if history repeats.
Bitcoin is flashing a rare weekly bullish divergence as it trades near $63,000, with analysts eyeing $90,000 if momentum improves.
Bitcoin is under pressure, but the article says several rare indicators are lining up with past major accumulation zones.
The Everything Bubble (Except Bitcoin)
The piece argues Bitcoin is lagging a broad asset rally and may be a contrarian buy as liquidity rotates. It says sentiment could improve within six months.
Bitcoin risks slipping below $65,000 as most major altcoins lose key support. HYPE, ZEC and XLM stand out as relative strength pockets.
Ethereum fell 8% and broke below $2,000 as bearish indicators pointed to a possible slide toward $1,500 before a bottom forms.
Bitcoin slipped below $70,000 for the first time in two months as crypto liquidations neared $800 million.
Bitcoin bounced from a key holder cost basis near $71,400, putting $78,200 back in view as the next upside level.
XRP bounced above $1.30 on heavy volume, but it remains trapped below key resistance levels and the broader trend is still weak.
Bitcoin’s big cup-and-handle pattern targets ‘minimum’ $220K BTC price
A weekly Bitcoin chart shows a multi-year cup-and-handle breakout, with analysts calling $220,000 the minimum target if $74,000 holds.
Bitcoin lost key support, and weaker demand plus heavier exchange inflows raise the odds of a slide toward $72,000.