Bitcoin just regained a key price trendline after its longest absence since M...
The 350-day moving average is the latest bullish signal to return to BTC price action, making Q1 2022 look increasingly outside the trend. Bitcoin (BTC) may be consolidating at $47,000, but longer timeframes show just how significant this week's mini bull run has been.According to the Golden Ratio Multiplier (GRM) metric, on March 27, BTC/USD reclaimed an essential support zone for securing further upside.Bitcoin exits trendline slump that beat March 2020GRM is a long-term observational metric for Bitcoin price action. It is used to determine whether Bitcoin price growth (or the opposite)....
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Bitcoin (BTC) is at risk of extending its ongoing downside correction as it breaks below a so-called “legacy trendline.” As spotted by an independent, pseudonymous chart analyst, the said trendline was acting as a support to Bitcoin since March 2020. On September 30, the BTC/USD exchange rate fell below the price floor and flipped the Ascending Trendline into resistance. The pair lately tested it twice for an upside breakout, but with no success. The TradingView […]
The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever. But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes […]
The Dogecoin price looks set to witness a breakout above the psychological $1 level, having broken a resistance trendline. Crypto analyst Trader Tardigrade provided a timeline for when this massive surge could happen as DOGE rallies to a new all-time high (ATH). Dogecoin Price Eyes Rally Above $1 Following Breach Of Resistance Trendline In an […]
Ethereum ETH price regained its bullish trend against Tether (USDT) as it builds more strength to break above the key resistance ahead of “The Merge.” ETH price saw a rejection to a region of $1,500 recently as it could not hold its bullish trendline acting as support. (Data from Binance) Related Reading: Shiba Inu Burn Events Spark A Rally In Altcoin Over The Past Weeks Ethereum ETH Price Analysis On The Weekly Chart From the chart, the price of ETH saw its price rejected to a region of $1,540 on the weekly chart as the price was unable to hold $1,700 and the trendline acting....
Yesterday's in-depth analysis identified a Bitcoin price channel that forecasts a potential decline low near $200. This low is not a foregone conclusion but remains a potential target as long as price remains below the critical trendline that has provided long-term support and resistance since early 2012. Weekly Bitcoin Price Channel. Here is the weekly BTC-China chart that was presented in yesterday's longer-term analysis: The red dot indicates where price had initially bounced upwards from the critical line of support (red dotted trendline). During last week's sell-off the trendline was....