Bitcoin Cools Down, BTC Uptrend Valid Above $28.7k
Bitcoin is down roughly five percent from this week’s high and within a bear breakout formation. The inability of bulls to push prices above $32k indicates
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.
Bitcoin is down roughly five percent from this week’s high and within a bear breakout formation. The inability of bulls to push prices above $32k indicates
Ethereum prices are bottoming up from 2022 lows. Currently, the coin is up 14 percent from 2022 lows, and there is a high probability of ETH
Chainlink wasn’t spared the brunt of sellers reading from how the coin performed in the daily chart.
Bitcoin prices are still moving in a narrow trade range with clear resistance and support levels when writing. Even though buyers are optimistic, their confidence has
Ethereum prices are trending lower at spot rates, looking at the development in the daily chart.
Cardano prices are still within a tight horizontal consolidation at spot rates.
Bitcoin prices are stable at spot rates and wavy at around $30k, much to the disappointment of bulls.
Ethereum prices are stable when writing. However, performance remains underwhelming, if not dismal, considering the general expectations amongst traders.
BNB is still in the top-5 with more than twice the market cap of XRP, the sixth most valuable cryptocurrency.
Bitcoin has had it rough in the past few trading days, reading from the performance in the daily chart. Even though the coin could be back
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