2 / 2 Relevant items tagged with #BitcoinResistance
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Bitcoin Technical Analysis: Key Indicators Point to a Consolidation Phase
Bitcoin Technical Analysis: Bears Take the Reins Clawing BTC’s Price Back
[Dec 11, 2023 7:43 AM] On Monday, the valuation of bitcoin experienced a 3.3% decline within the past day, falling beneath the $42K threshold. Currently positioned at $42,224, bitcoin’s valuation is undergoing a marked shift in the cryptocurrency landscape on Dec…
Bitcoin Technical Analysis: A Lull in Bullish Activity as BTC Enters Consolidation
[Dec 8, 2023 7:30 AM] As bitcoin stabilizes near $43,654, its market dynamics reveal a mixture of optimism and caution. Oscillators are currently in a neutral to bearish state, and moving averages are indicating a robust buying trend, creating a complex scenario for…
Bitcoin Technical Analysis: BTC Retraces at Formidable $44,500 Resistance Barrier
[Dec 6, 2023 8:15 AM] As bitcoin’s price hovers between $43,950 and $44,150, a nuanced examination of its oscillators and moving averages reveals a complex picture of its market movements. Despite a bullish run in its 24-hour trading range, oscillators signal…
Bitcoin Technical Analysis: BTC Breaks $42K Resistance in Latest Bullish Swing
[Dec 4, 2023 7:00 AM] On December 4, 2023, bitcoin’s price exhibited significant movements trading between $39,409 and $42,155 during the intraday sessions. The crypto asset briefly crossed the $42K zone — a height not seen since the Terra LUNA crash. Bitcoin’s…
Bitcoin Technical Analysis: BTC Bulls Break Resistance, Holding Above $38K
[Dec 1, 2023 8:15 AM] While U.S. equities and precious metals remain flat, bitcoin has seen an uptick in value over the past day. Currently valued at $38,376, with an intraday range stretching from $37,547 to $38,804, bitcoin’s market capitalization stands at…
All Clear For $40,000? Bitcoin Shows Little On-Chain Resistance Ahead
[Oct 24, 2023 9:00 AM] Bitcoin might have an easy path toward the $40,000 mark as on-chain data suggests there isn’t much resistance ahead. Bitcoin Levels Ahead Are Thin With Addresses Right Now According to data from the market intelligence platform IntoTheBlock…
Bitcoin Knocks At The Door Of $30,000, But Can Break Happen?
[Oct 20, 2023 1:00 PM] Bitcoin has approached the $30,000 mark with a sharp rally today, but on-chain data suggests the level could provide some major resistance. 1.49 Million Addresses Bought Around The $30,000 Level According to data from the market intelligence…
Here’s Where Next Bitcoin Resistance Lies, From An On-Chain Perspective
[Sep 19, 2023 12:00 PM] Here’s where the next major resistance to clear Bitcoin could lie from the perspective of on-chain analysis. Bitcoin Resistances According To On-Chain Data Bitcoin has recently observed a surge beyond the $27,000 mark, and many have been…
Bitcoin Bearish Signal: NUPL Finds Rejection At Long-Term Resistance
[May 25, 2023 11:00 AM] On-chain data shows the Bitcoin Net Unrealized Profit and Loss (NUPL) has found rejection at the long-term resistance zone recently. Bitcoin NUPL Has Observed Some Decline In Recent Days As explained by an analyst in a CryptoQuant post, the BTC…
Bitcoin On-Chain Data Shows Why $24,700 Is A Major Resistance For BTC
[Feb 23, 2023 8:40 AM] This Bitcoin on-chain indicator may suggest why the $24,750 price level is an important resistance for the cryptocurrency. Bitcoin Adjusted Realized Price Is Currently Valued At Around $24,750 The relevant indicator here is the “realized…
This Bitcoin On-Chain Metric Is At A Historical Resistance, Will BTC Decline?
Bitcoin aSOPR Again Retests Bull-Bear Junction Level, Will Resistance Break This Time?
[Jan 17, 2023 11:00 AM] Data shows the Bitcoin Adjusted Spent Output Profit Ratio (aSOPR) is retesting the historical bull-bear junction. Will a break be found this time? Bitcoin aSOPR Is Currently Doing Another Rest Of 1.0 Level As per the latest weekly report from…