Technical Analysis | ForkLog

ForkLog 16 06.05.2024

Bitcoin’s $60,000 Support Crucial for Reaching New Heights, Says Expert

Bitcoin must maintain the $60,000 mark if the current momentum weakens at $67,500. This could lead to the formation of an ‘inverse head and shoulders’ reversal pattern, according to trader Matthew Hyland. #BTC IF we don’t break straight through $67.5k then something like this forming over the next month would make sense for a bottom […]

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ForkLog 7 27.02.2024

Experts Highlight Risks of Institutional Shift from Ethereum to Bitcoin

The ETH/BTC exchange rate has reached a historic turning point, potentially increasing the risk of a correction in the coming days. Analysts at Cointelegraph have examined four reasons that could lead to such a scenario. Their assessments are based on the ambiguous technical picture of ETH/BTC. Experts noted the RSI entering the overbought zone and […]

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ForkLog 11 13.02.2024

Expert Analysis: 375,000 Investors Acquired Bitcoin at $50,230

Approximately 375,000 market participants purchased around 119,480 BTC (about $6 billion) at an average price of $50,228. This level could become a significant resistance for Bitcoin, according to Lookonchain. The price of $BTC just rose above $49.8K! Data from @intotheblock shows that ~375K addresses bought ~119.48K $BTC($6B) at an average price of $50,227.81. These addresses […]

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ForkLog 18 12.02.2024

Bitcoin Enters ‘High Risk’ Mode, Experts Warn

Glassnode identified a “risk zone” in the on-chain indicators system. Increased net inflow into spot Bitcoin ETFs has underpinned market recovery. Technical analysts warned of strong resistance at $50,000. Several on-chain indicators have entered what is termed a “risk zone,” potentially signaling the early stages of a bull market, according to Glassnode. Discover more in […]

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ForkLog 16 05.02.2024

Bitcoin Faces Potential Correction Risks Post-Halving, Experts Warn

Bitcoin is expected to “test investors’ resolve” with a sell-off following the halving, only to reach a new ATH in the fourth quarter. This forecast was presented by analysts at DecenTrader. Experts attribute these expectations to the “classic behavior” of the leading cryptocurrency in the year when miners’ rewards are halved. They noted that the […]

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ForkLog 10 01.02.2024

Analyst Predicts Bitcoin Rally Duration Post-Halving

Should historical trends hold true for the upcoming halving, Bitcoin is expected to reach a new ATH between April and October 2025, according to an analyst known as Ali. As we approach the #BitcoinHalving in April 2024, here are four key points to consider: 1⃣Post-halving corrections: After the 2016 and 2020 halvings, #BTC experienced corrections […]

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ForkLog 7 26.01.2024

JPMorgan Foresees Bitcoin Stabilization as GBTC Sales Dwindle

The downward trend of Bitcoin appears limited as profit-taking in GBTC has largely concluded, according to JPMorgan analysts, reports The Block. This assessment is based on the $4.3 billion outflow from the product since its conversion from a trust to an ETF, surpassing the bank’s forecast of $3 billion. Inflows and outflows dynamics in spot […]

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ForkLog 10 25.01.2024

Analyst Identifies Bitcoin’s Panic Selling Trigger Price

Should the leading cryptocurrency fall below $38,130, short-term holders may find themselves at a loss and attempt to minimize their losses, according to technical analyst Ali. If #Bitcoin‘s price falls below $38,130, short-term $BTC holders could find themselves in the red. This potential #BTC dip might trigger a new wave of panic selling as these […]

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ForkLog 21 23.01.2024

Analysts Outline Bitcoin’s Price Trajectory

An analyst known as Ali has illustrated the price patterns of the last two cycles of the leading cryptocurrency and suggested a potential further decline in its value. Reflecting on the last two bull cycles, $BTC typically retraced to the 50% Fibonacci level after hitting the 78.6% Fib. Recently, #Bitcoin reached this 78.6% Fib level […]

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ForkLog 20 15.01.2024

Bitcoin Faces Potential Correction to $38,000, Analysts Warn

The divergence between Bitcoin’s price and the RSI indicator may signal risks of further decline towards the dynamic support at $38,000, according to 10x Research, as reported by CoinDesk. Following the approval of spot Bitcoin ETFs, prices fell by 5% to $42,600, confirming the classic “sell the news” phenomenon, experts noted. This was preceded by […]

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ForkLog 17 07.12.2023

Analysts Forecast the Duration of Bitcoin’s Current Rally

The average drawdown in bear phases was 74.8%, and gains during bull phases were 6060%. These estimates were provided by IOSG.

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ForkLog 38 05.12.2023

What to Be: Vladimir Koen on His Path From a Currency-Exchange Operator to Crypto Trading

What skills should a beginner trader have, and what mistakes are made not only by novices but also by seasoned professionals.

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