Bitcoin Price Analysis: BTC Closes Above Crucial 200-Day MA, But is the Breakout Confirmed?
After an initial rejection at the 200-day moving average, BTC staged another attempt to break out and managed to successfully
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
After an initial rejection at the 200-day moving average, BTC staged another attempt to break out and managed to successfully
Another week – another impressive BTC rally. The cryptocurrency has pushed higher in the past week, at one point making
BTC has continued to push up with impressive spot volume hitting an intraday high of $45.3k even during weekend trading.
BTC made a strong daily close above the 3-month long trading range, confirming the first major step of a higher
BTC entered a near-term pullback after reaching overbought conditions at $42.6k last week. The price fell for four consecutive days,
BTC’s impressive rally from $29.3k to $42.6k has significantly improved the technicals and especially the momentum for the largest cryptocurrency.
After the false breakdown below $30k and the subsequent recovery, BTC continued higher, closing the week up 12.45%. Overall, price
BTC has definitely surprised market participants lately after a 10-day green streak, managing to break above $40K. Just overnight, BTC
Some technical and on-chain indicators suggest that BTC may have marked a local short-term top. The third-largest whale also recently
Bitcoin’s recent 55% drop from all-time highs may have done technical damage to the charts, but analysis strongly suggest BTC