Bitcoin Direction Still Unclear: Analyst Says Watch These Key Charts
An analyst has revealed the key Bitcoin charts that could be to keep an eye on while Bitcoin is slowly making recovery from its latest crash. These Bitcoin Charts Could Be Ones To Watch In a shock to the market, Bitcoin ended last week with a steep crash, falling from above $122,000 to below $110,000. The coin managed to make some recovery on Sunday, and that rebound has held so far into Monday. Related Reading: XRP Whales Are Selling: $50 Million Exiting Wallets Every Day However, while BTC appears to be rebuilding its structure, its direction remains unclear, as noted by CryptoQuant....
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The price of Bitcoin has been somewhat stable lately with charts showing slight variances here and there over the past week. The anticipation for the upcoming halving event seems to have cryptocurrency supporters excited, while global economic events continue to show the world the benefits of the Bitcoin network. Price Charts Bode Well. The fiat value of....
Crypto analyst Alex Krüger stated that crypto charts ‘look so broken and bearish that is bullish.’ According to the analyst, the recent $BTC and $ETH crash signals it’s time to go long. The charts are also looking good for alt coins: Notice how today’s move was mainly BTC and ETH getting dumped, while alts stopped […]
Bitcoin’s price action is caught in uncertainty as messy subwave structures clash with a critical resistance at $113,000. While the market shows attempts at recovery, the unclear wave patterns leave traders divided on whether the next move will be a breakout or a deeper correction. Messy Subwaves Keep Bitcoin’s Next Move Clouded TARA, a crypto analyst, recently shared fresh insights on X regarding Bitcoin’s ongoing price action. According to the analyst, Bitcoin is currently in the middle of forming another wave down, but the subwave structure is still messy and unclear. This uncertainty....
Bitcoin Price shows no clear direction and may wander sideways before making a move in the new year. Bitcoin Price Analysis. Time of analysis: 10h00 UTC. Christmas Season. Jim Frederickson had successfully forecast a price low of $305 (Bitstamp) on 18 December. His forecast included a remark that the Bitcoin price chart is unlikely to launch straight into a rally and that a subsequent break below $300 may witness another sell-off. With no definitive indications in the chart, the matter of Bitcoin price direction remains unclear in the short-term and we may have to wait for the end of the....
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout. Levels To Watch For As Dogecoin Price Confirms Final Retest In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst....