Bitcoin Price Analysis: After BTC’s Quick Dip Below $40k, Is Local Bottom Confirmed?
Global risk-off, uncertainty over Evergrande’s debt crisis, and large liquidations have been pressuring Bitcoin lately. The near-term chart may look
Dan is a cryptocurrency Onchain/Technical analyst at a Crypto Fund with 11 years of experience in equity markets and over 4 years in crypto markets. Dan’s background and deep understanding of Finance and Economics have sparked a deep passion for the cryptocurrency markets, especially in Bitcoin. Follow Dan on Twitter
Global risk-off, uncertainty over Evergrande’s debt crisis, and large liquidations have been pressuring Bitcoin lately. The near-term chart may look
After a week of global stocks selling off and BTC managing to hold quite well, the pressure continues as SPX
BTC has been showing near-term signs of strength, especially after reclaiming the 200-moving average on the 4-hour chart and holding
BTC’s near-term technicals continue to show strength as the price has reclaimed the 200-day moving average and $47.2k – a
BTC managed to close back above the critical 200-day moving average, boosting near-term technical momentum, driven by strong spot buying.
After a week filled with volatility and fear, BTC still managed to hold the critical 200-day and 21-week moving average.
Once again, BTC held support at the critical 200-day moving average of around $46k after shaking another round of weak
After the nearly 20% plunge in BTC price, the cryptocurrency spent the next day consolidating and retesting the critical 200-day
$4 billion in liquidations wiped out the derivatives market, sending BTC lower by 19% at the intraday lows yesterday. Crypto
Bitcoin’s recent 2-week consolidation breakout above $50.5k has likely concluded Phase D of Wyckoff Accumulation, preparing the cryptocurrency to enter