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Technical Analysis
Technical analysis is a widely used methodology in the world of cryptocurrencies, encompassing the evaluation of various factors to predict price movements and make informed investment decisions. It involves analyzing historical price data, trading volume, and market trends to identify patterns and trends that may repeat in the future. By utilizing statistical tools and chart patterns, technical analysis aims to provide insights into potential price direction and timing. For individuals involved in the crypto space, technical analysis serves as a valuable tool to understand market sentiment and make informed trading decisions. Companies and protocols within the blockchain networks also employ technical analysis to assess market conditions and optimize their strategies. Moreover, crypto exchanges utilize technical analysis to provide users with comprehensive trading tools and indicators, enabling them to make data-driven decisions.
Bitcoin Stuck Below $40K Resistance; Support at $33K
Upside remains limited given the intermediate-term downtrend.
Bitcoin Oversold Bounce Faces Resistance at $40K-$43K
Long-term momentum remains very weak and BTC is at a critical point.
Bitcoin Rises Above $37K; Resistance at $40K-$43K
A decisive break above $40K is needed to pause the downtrend from November.
Bitcoin's Correction Continues for Now, but Eventually It Could Go 'Parabolic,' Says Peter Brandt
Selling pressure is not over yet, although a confirmed shakeout could give way to new highs, according to the chartist.
Bitcoin-Ether Ratio Hits 3-Month High; Friday's Close Pivotal
The ratio crossed above the 200-day average, signaling continued bitcoin outperformance in the near term.
Crypto Sell-Off Wipes $700B From Industry Market Cap So Far in 2022
The market value of all cryptocurrencies has plummeted to $1.6 trillion from $2.3 trillion at the start of the year, according to CoinGecko data.
Bitcoin Short-Term Bounce Faces Resistance at $40K
Extreme oversold readings preceded an uptick in BTC.
Bitcoin Whales Stay Away Even as Technical Indicator Flashes Oversold
RSI can stay oversold longer than dip buyers can stay solvent.
Bitcoin Heads for Worst Week in 8 Months as Traders Lament 'Pikachu Pattern'
The price appeared to stabilize around $35,000, but gallows humor filled social-media sites as more than $1.5 billion of tradition positions were liquidated.
Bitcoin Sell-Off Deepens Below $40K; Minor Support Nearby
A price drop to $37,000 could stabilize the current sell-off, although $30,000 is a more significant level to watch given the decline in long-term momentum.
