Bitcoin Analysis

Veteran trader Peter Brandt recently cautioned that Bitcoin (BTC) could be vulnerable to a major downturn after failing to establish new record highs for an extended period. Brandt noted that Bitcoin’s inability to sustain upward momentum over the past eight months might be a warning sign. Hey Bitcoiners Are you familiar with the concept of […]

Bitcoin (BTC) has made headlines by surpassing the critical $63,000 level, trading at around $63,400 at the time of writing, indicating the possibility of a strong Q4 performance. This price recovery comes after a brief period of volatility, with market participants regaining control and positioning Bitcoin for future growth. Despite this positive momentum, concerns linger […]

Gert van Lagen, a prominent technical analyst, predicts a substantial price increase for Bitcoin (BTC) in the coming year, projecting a rise of over 472%. In his latest analysis, he describes a step-like formation in Bitcoin’s price action, characterized by consolidations followed by upward movements, akin to a staircase in an upward trend. $BTC [1W] […]

Bitcoin sentiment has shifted slightly towards the positive after a recent dip, with the cryptocurrency testing the $60,000 mark. Despite this, technical analyst Alan Santana has voiced a bearish outlook, suggesting that Bitcoin’s price chart indicates a downward trend. Santana, known for his technical analysis on TradingView, reiterated his short position in a September 14 […]

A well-known crypto analyst believes that Bitcoin (BTC) is on the verge of entering the parabolic phase of its market cycle. “Rekt Capital said that based on historical data, Bitcoin could return to bullish price action in the next few weeks. He explained that Bitcoin is currently in what he calls the “boring zone,” which […]

According to a recent analysis on Crypto Banter, Bitcoin might present a buying chance despite its current volatility. The Stochastic RSI indicator, which measures momentum, is suggesting a favorable entry point for Bitcoin investments. The analyst emphasized the importance of Bitcoin’s market dominance and its effect on other cryptocurrencies. Market sentiment, indicated by fear and […]

Over the past week, the price of Bitcoin has fluctuated within a narrow range of $57,815 to $61,815, encountering persistent resistance at the 50-day simple moving average (SMA) of $61,662. At the time of writing, the price of Bitcoin (BTC) is around $58,500, reflecting a slight 0.7% spike over the past day. This marks a […]

After starting the week strongly, Bitcoin has recently seen a downturn. Currently priced at $66,500, Bitcoin has slipped by 4.5% in the past 24 hours. This decline may be linked to the U.S. government’s recent transfer of $2 billion in Bitcoin seized from the Silk Road operation. Veteran trader Roman Trading forecasts that Bitcoin might […]

Alan Santana’s recent analysis on TradingView suggests that Bitcoin may continue to face downward pressure, citing several key indicators. Santana emphasizes the importance of market psychology in predicting Bitcoin’s price movements. He notes that the current market sentiment lacks fear or panic, which typically accompanies market bottoms. According to Santana, this absence of negative emotions […]

Experienced trader Peter Brandt looks at a Bitcoin market structure that is similar to gold’s historical bull phases, suggesting the cryptocurrency could be on the verge of a serious 1/ Will the current Bitcoin chart become a daily chart fractal of …. Gold 2008-2009 Gold 2020-2024 pic.twitter.com/8kanoBzBk4 — Peter Brandt (@PeterLBrandt) June 18, 2024 In […]