Technical Analysis – BTCUSD Chart
Today we target Bitcoin in our weekly analysis:
In our previous analysis on Bitcoin, we stated that Bitcoin could retrace to 52k USD and still be bullish, but the most bullish scenario would be holding 60k and continuing to the upside. The price managed to hold the 60k USD line and formed a triangle that was broken to the...
Technical Analysis – Bitcoin Dominance
Bitcoin dominance is the target in our weekly analysis:
During the last 2 weeks, dominance has decreased to 43.5%, slightly below the 50-day moving average. This moving average serves as support or resistance.
About two weeks ago the dominance established a local top of 47%. We mentioned that Altcoin holders would only...
Technical Analysis – BTCUSD Chart
Today we target Bitcoin in our weekly analysis:
Bitcoin has managed to climb from 30k USD all the way to 67k USD in just four months. Until a few days ago, it was diverging from the 50-day Moving Average, while the RSI moved into a strong, overbought region. Since then, Bitcoin has ranged between 60k and 64k USD. The MACD cross...
Technical analysis – Bitcoin dominance
This is the start of a weekly series by which we dig deeper into charts related to the blockchain space. We will purely focus on the technical aspects instead of fundamentals. Do not consider any analysis as financial advice.
Today we would like to start by analyzing the Bitcoin dominance chart as Bitcoin had the chance to...
