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Bitcoin Technical Analysis – Daily Timeframe The Bitcoin price broke above the 21-day MA (blue moving average) today. This is a positive sign, as the price has been trading below this key moving average for many days. If the price can stay above it and break the resistance at $17,000, we could see a retest of the $17,600 resistance level. On the other hand,...

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BlockFi files for Bankruptcy Yesterday the crypto lender BlockFi filed for bankruptcy. It’s the latest crypto company to fail, after the collapse of the FTX crypto exchange. FTX bailed out BlockFi in the summer. Bitcoin Technical Analysis – Daily Timeframe The Bitcoin price dropped yesterday in response to the news about the bankruptcy of BlockFi. On the...

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Bitcoin Technical Analysis – Daily Timeframe For the past 2 weeks, the Bitcoin price has been trading sideways in a small range between around $15,400 and $17,600. If the price can get above the first resistance at $17,000, the next target will be the $17,600 level. On the other hand, if Bitcoin doesn’t hold the support level at $15,400, that would bring more...

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Bitcoin Technical Analysis - Daily Timeframe In the past few days, the Bitcoin price has been trading sideways in a small range between around $16,000 and $17,000. If the price can get above the resistance at $17,000, the next target will be the $17,600 level. On the other hand, if Bitcoin doesn't hold the support level at $16,000, the next support line is at...

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The Bitcoin dominance index is currently testing multi-year support. If the support works, the Bitcoin dominance will increase and the altcoin dominance will decrease. If we break the support, this could be the beginning of a new altcoin season, like the one we had in 2017. Let's see what will happen!

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Simple and short technical analysis. A new triangle is currently forming on the Bitcoin daily chart. Possible outcomes: - it breaks down: the downtrend will continue - it breaks up: an uptrend will start