Bitcoin Looks Most Oversold Since Covid Crash, Key Indicator Suggests
Bitcoin’s relative strength index has dropped well below 30 to its strongest oversold reading since March 2020. A technical analysis indicator shows extreme oversold conditions…
Tag: Technical Analysis
Bitcoin Primed to Rally to $56K as Nasdaq Breaks Out of Bull Flag, Chart Analyst Says
Analyst, who correctly predicted the late 2020 bull run, said 2023 could be a surprisingly good year for both crypto and equities. “Based on the…
First Mover Americas: Bitcoin Now Below $19K as Merge-Fueled Ethereum Classic Hype Unwinds
The latest price moves in crypto markets in context for Sept. 7, 2022. Price point Bitcoin (BTC) was trading below the $19,000 threshold on Wednesday,…
Bitcoin in Pullback Mode; Support Near $45K
Bitcoin (BTC) buyers continued to take profits during Asia hours as short-term overbought signals appeared on the charts. The cryptocurrency is trading around initial support…
Bitcoin Upside Stalls; Lower Support at $38K-$40K
Bitcoin is up about 20% over the past week, compared to a 25% rise in ether, the world’s second-largest cryptocurrency by market value. Bitcoin (BTC)…
Bitcoin Approaching Short-Term Support at $34K-$36K
Bitcoin is under pressure, although buyers could return for a brief bounce. Bitcoin (BTC) sellers remained active during Asia hours as the cryptocurrency slipped further…
Bitcoin Slips Below $40K; Support Around $34K
The weekly chart is holding support and could signal a return of positive momentum this month. Bitcoin (BTC) buyers are taking profits after a rally…
Bitcoin Rebounds Above $30K; Resistance Seen at $34K
Bitcoin (BTC) returned above $30,000 support during Asia hours as buyers reacted to oversold conditions. The next level of resistance is seen around $32,000 and…
Bitcoin Drops Below $30K for First Time in 4 Weeks
Wall Street is seeing “too much froth” and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one…
Bitcoin Trending Lower With Possible Break of $30K Support
If $30,000 is broken, the next level of support is seen around $27,000. Bitcoin (BTC) is stuck in a month-long downtrend as traders experienced choppy…