Analyzing the 4-hour chart of BTC, it can be observed that the price has dropped below the lower boundary of the descending channel. $25,000 has been a significant support level throughout this year and is considered a strong support area. If this level is breached, there is a possibility of a further decline towards the vicinity of $22,000. However, without any...
From the daily chart of BTC, there appears to be a converging triangle pattern, indicating a potential breakout. As long as the support level within the triangle pattern, around $26,500, holds, the situation remains relatively stable. However, if the price falls below this support level, it could lead to a rectangular consolidation pattern. Without breaking below...
BTC experienced a rebound on the 4-hour chart, reaching the previous day's high before retracing back to the support level around $26,600. On the daily chart, a bullish engulfing pattern emerged after finding stability around $25,200, followed by a V-shaped rebound. The upper resistance level is seen at $27,500, which aligns with the channel's upper boundary....
Although BTC broke below the recent strong support level of $26,500, it did not accelerate to breach $26,000 directly. Instead, it managed to stay above $26,000, indicating a potential washout phase where the chips of those who bought at $26,500 were shaken out. On the daily chart, BTC formed a bullish doji star pattern, but the volume did not keep up, suggesting...
Although BTC bulls have regained some upward momentum, their overall performance is not convincingly strong. In the short term, there remains a certain probability of downside risk. The area below 25,500 is a highly concentrated zone of trading activity, which has formed a strong support level after the volume breakthrough. The price has already experienced a...
BTC remains directionless, similar to yesterday. If it had held above $27,000, the trend would have been more promising. Unfortunately, it failed to sustain above that level and returned below $27,000. Oscillating at these lower levels increases the probability of a downward move over time. Uncertainty arises as the deadline for the US debt ceiling approaches,...
In the short term, BTC's price is displaying evident oscillations within a relatively stable channel. The balance between bullish and bearish volume indicates a lack of strong momentum. Currently, the price is positioned around the middle band near 27,100, with some room for upward movement, but lacking significant support for a breakthrough. The recent price...
Over the last 24 hours, Bitcoin has dropped by 3.03%, hitting an intraday low of HKEX:27 ,125.00. The downward trend of the leading cryptocurrency has continued into Friday, with prices dropping for the third consecutive session, indicating that market sentiment is turning bearish. Technical indicators, including the descending 20-day Exponential Moving Average...
In the past 24 hours, Bitcoin has experienced a 2.56% decline and hit an intraday low of HKEX:28 ,010.00. The top cryptocurrency has struggled to recover quickly, and its Relative Strength Index (RSI) is now below the midpoint, indicating a potential loss of its upward momentum. To avoid a shift in market sentiment, the bulls must push the price above the 20-day...
Bitcoin has experienced a 5.23% decline within the last 24 hours, with an intraday low of HKEX:28 ,520.00. This marks its lowest point since April 10, when the price was last below HKEX:29 ,000. Despite surpassing multiple resistance levels, Bitcoin's price surge in recent months seems to be losing momentum. The cryptocurrency is struggling to claim the crucial...
Bitcoin has experienced a 2.89% increase in the past 24 hours, reaching an intraday high of HKEX:30 ,485. This puts the largest cryptocurrency back above the critical HKEX:30 ,000 price level, indicating that investor sentiment is positive. Technical indicators such as the gently rising 20-day Exponential Moving Average (EMA) and the Relative Strength Index...
According to CoinShare, digital asset investment products saw inflows totalling US$114m last week, which is seeing continued improving sentiment for the asset class. This 4-week run of inflows now total US$345m. During the past 24 hours, Bitcoin has seen a 2.98% decline, hitting an intraday low of HKEX:29 ,240.65. After peaking at HKEX:31 ,000 on April 14, the...
Over the last 24 hours, Bitcoin has experienced a 0.08% decrease, reaching an intraday low of HKEX:30 ,120.00. The largest was trading around the HKEX:30 ,000 price level during the weekend, indicating that bears are unlikely to concede without a struggle. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the...
Over the last 24 hours, Bitcoin has experienced a 2.68% increase, reaching an intraday high of HKEX:30 ,749.00. Bitcoin price maintained the HKEX:30 ,000 support as lower-than-expected U.S. Consumer Price Index (CPI) data was released on April 12. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the buyers. If...
Over the last 24 hours, Bitcoin has experienced a 1.08% decrease, reaching an intraday low of HKEX:29 ,637.40. The largest was trading around the HKEX:30 ,000 price level today, indicating that bears are unlikely to concede without a struggle. The gradually upsloping 20-day EMA and the RSI in the overbought territory indicate an advantage to the buyers. If the...
According to CoinShare, digital asset investment products saw inflows totalling US$57m last week, bringing flows back to a net inflow position year-to-date. Over the last 24 hours, Bitcoin has experienced a 1.80% increase, reaching an intraday high of HKEX:30 ,550.00. The largest cryptocurrency has successfully surpassed the crucial HKEX:30 ,000 technical...
Over the last 24 hours, Bitcoin has experienced a 4.46% increase, reaching an intraday high of HKEX:29 ,747.01. Bitcoin (BTC) was back above HKEX:29 ,000 to start the week, as market sentiment shifted towards the bulls following the Easter break. The gradually upsloping 20-day EMA and the RSI in the positive territory indicate advantage to the buyers. If the...
Over the last 24 hours, Bitcoin has experienced a 1.47% increase, reaching an intraday high of HKEX:28 ,530.00. In recent days, the leading cryptocurrency has been fluctuating around the HKEX:28 ,000 level, indicating a lack of decisive action from both bulls and bears. The 20-day exponential moving average is flattening out, while the relative strength index...
