Technical Analysis | ForkLog

ForkLog 13 03.12.2024

Analyst Warns of Potential Bitcoin Correction to $90,000

Recent patterns in Bitcoin’s chart suggest a possible reversal of the upward trend and a price correction, according to technical analyst Ali Martinez. #Bitcoin $BTC could be forming a head-and-shoulders pattern, which could trigger a price correction to $90,000! pic.twitter.com/mWLDabsYRV — Ali (@ali_charts) December 3, 2024 On December 3, the expert noted that a bearish […]

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ForkLog 12 02.12.2024

Ethereum’s Bullish Pattern Mirrors Bitcoin’s Past Rally

The Ethereum chart reveals a bullish pattern reminiscent of the one that preceded Bitcoin’s rally last November, according to CoinDesk analyst Omkar Godbole. Source: CoinDesk. The three-line break chart, which filters out daily noise and irregular price movements, indicates that an eight-month correction period in the cryptocurrency has concluded. The expert believes the pattern signals […]

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ForkLog 34 01.12.2024

Ethereum’s ‘Cup and Handle’ Pattern Suggests Potential Surge to $7,200

An analyst known as VentureFounder has identified a ‘cup and handle’ pattern on Ethereum’s bi-weekly chart, indicating a potential rise in the asset over the next four months. $ETH has a 3-year cup and handle in the making, it is about to be completed now if #Ethereum confirms $3.8k as support. First target: $5,349Second target: […]

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ForkLog 11 23.11.2024

Analyst Predicts Ethereum Surge to $20,000

Since November 2021, Ethereum’s chart has formed a triangle pattern. Analyst known as Wolf believes a potential breakout from this consolidation zone could target $20,000. Look, guys, take this with a grain of salt, but the $ETH chart is also shaping up as a compressing 3-year triangle consolidation since November 2021. A measured move from […]

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ForkLog 10 18.11.2024

Analyst Predicts Bitcoin Surge Beyond $200,000

A metric from fractal analysis suggests a potential rise in Bitcoin’s price beyond $200,000 in the current cycle, according to CoinDesk, citing a report by BCA Research. The forecast by Dhaval Joshi, chief strategist at Counterpoint, is based on the 260-day fractal complexity of the digital gold market. A decline in this indicator typically signifies […]

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ForkLog 5 28.10.2024

Analyst Predicts Ethereum Rebound to $6000

Since the beginning of the month, Ethereum’s price has dropped by 5.4%, yet several indicators suggest the cryptocurrency is poised for a reversal and potential recovery to $6000. This is according to analyst Cointelegraph Yashu Gola. Ethereum may close its first losing October since 2018. The expert attributes the weak performance to increased competition from […]

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ForkLog 10 23.10.2024

CryptoQuant Observes Bitcoin On-Chain Activity Surge to March Peaks

Retail investor demand for Bitcoin has returned to levels seen before the ATH in March 2024, according to CryptoQuant, reports The Block. “In the last 30 days, the metric has increased by ~13%, mirroring the scenario in March,” the report states. From June to the end of September, the opposite trend was observed. “The current […]

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ForkLog 18 16.09.2024

Experts Predict Imminent Bitcoin Bull Run

A Bitcoin bull market could commence within the next 22 days, based on historical cycles and current data. This conclusion was reached by WeRate co-founder Quinten François. The average #Bitcoin cycle:Starts 170 days after halving Peaks 480 days after halving We are currently 147 days after the $BTC halving pic.twitter.com/jINl8Y4usP — Quinten | 048.eth (@QuintenFrancois) […]

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ForkLog 17 16.09.2024

Bitcoin Set to Surge to $150,000, Expert Predicts

Bitcoin has shown signs of a potential “explosive movement” into the $100,000-$150,000 range by the first quarter of 2025, according to investor and Okse co-founder known as Elja. $BTC massive cup and handle pattern ? You’re not bullish enough ?#Bitcoin pic.twitter.com/cyPcbMcpdr — Elja (@Eljaboom) September 14, 2024 The analyst identified a “cup and handle” pattern—characterized […]

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ForkLog 14 22.08.2024

Dovish Fed Minutes Boost Bitcoin Bullish Sentiment

Open interest in bitcoin futures surged from $30.21 billion to $31.92 billion following increased prospects of a Fed policy easing in September. The reduction in selling pressure from Mt.Gox clients and the German government, combined with heightened volatility, set the stage for renewed growth. Overbought conditions in several technical indicators could pose a challenge. On […]

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ForkLog 11 13.05.2024

Bitcoin’s Dip Below $60,000 May Trigger Panic Selling, Warns Expert

A drop in the price of the leading cryptocurrency below $60,000 could trigger panic selling, according to FxPro trader Alex Kuptsikevich, reports CoinDesk. The expert believes that a breakthrough above $65,000 would signal a revival of bullish sentiment. If this prediction comes true, it would lead to the price stabilizing above the 50DMA and the […]

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ForkLog 33 07.05.2024

Anthony Pompliano: Bitcoin’s Resilience Reaches New Heights

The 200 DMA has reached a new ATH above $50,000. This indicates that Bitcoin is “stronger than ever,” stated Anthony Pompliano, founder of Pomp Investments. Bitcoin’s 200 day moving average just hit a new all-time high. GBTC saw the first day of inflows in 78 days. Don’t get lulled to sleep by bitcoin going sideways. […]

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