Bitcoin in a Bear Flag, BTC Uptrend Limited at $21k
The Bitcoin price is currently at a defined trading range from the performance in the daily chart.
Crypto Economy section, we will publish every week the technical price analysis of Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and other cryptocurrencies.
These analyzes are prepared by our specialists based on the evolution of the markets.
A technical price analysis provides excellent and useful information that can help us know when is the best time to make movements in our investments or when it is not a good time to operate.
But we must not only take this information into account, the monitoring of the prices of a cryptocurrency must be accompanied by an investigation into the latest news related to it.
So we can get an idea about whether the price increase or decrease has occurred due to an event related to the project or if it could be a market manipulation, etc.
The Bitcoin price is currently at a defined trading range from the performance in the daily chart.
Litecoin may have slipped in market cap and is currently below the top 20. However, the coin is in green, outperforming Bitcoin and Ethereum in the
Bitcoin prices are flat-lining inside a narrow range but relatively higher from last week’s lows. Although the rejection of bears and the series of higher highs
Ethereum hasn’t been spared the sell-off, reading from the performance in the daily chart. Overall, the path of least resistance is defined and is southwards.
Like the rest of the cryptocurrency market, Cardano flash crashed on August 19, dropping 23 percent from August 2022 highs.
Bitcoin prices are down six percent in the last 24 hours, flash crashing earlier today. When writing, BTC is down 13 percent from August highs printed
Ethereum, like the broader crypto market, is relatively steady, adding three percent in the past 24 hours.
Polkadot is down the ranking when writing, dropping four percent against the greenback in the past 24 hours.
Bitcoin prices are relatively stable when writing, shrinking three percent in the past 24 hours. Even though there was strong liquidation pressure at the closing trading
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