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Ichimoku cloud
Bitcoin Suffers Swift Reversal at $53K, Suggesting More Consolidation Ahead
For the third time in a week, prices quickly pulled back after testing the $53,000 level.
Bitcoin's 'Ichimoku Cloud' Suggests Further Drop Toward $24K: Valkyrie Investments
According to a technical analysis by alternative asset management firm Valkyrie Investments, bitcoin's recent price slide may have legs and the largest cryptocurrency by market cap could see a further decline toward $24,000 as BTC's daily chart Ichimoku Cloud, a momentum indicator, has flipped bearish. CoinDesk's Jenn Sanasie presents "The Chart of the Day."
Key Levels to Watch for Bitcoin After Pulling Back from $40K
Fairlead Strategies Technical Analyst Katie Stockton breaks down an Ichimoku Cloud chart to discuss levels to watch for bitcoin prices as the top cryptocurrency by market value is down 5% over the past week. Plus, her price projections on ether as Ethereum's highly-anticipated London hard fork nears.