Market Overview: Bitcoin Bitcoin’s recent weekly chart unveils a market entrenched in a trading range, marked by notable bullish resilience. At Monday’s close, bears appeared poised to establish an EMA gap bar, signaling potential downward momentum. However, bulls thwarted this move once again, indicating that a definitive major top has yet to materialize. This persistent […]

Market Overview: Bitcoin Bitcoin exhibited exhibited considerable volatility on July, yet it failed to deliver decisive results for either bulls or bears. The repeated rejection of the $70,000 resistance implies that sideways to downward movement is likely in the coming months. The interplay between the $70,000 resistance and $50,000 support will likely define the medium-term […]

Market Overview The setup for Bitcoin is poised to be pivotal as we approach the close of the monthly candlestick next week. Should the bulls manage to secure a close near the monthly highs, we will see the formation of a “failed low 2” setup alongside a “high 2 setup.” This scenario is particularly noteworthy, […]

Market Overview: Bitcoin Bitcoin‘s last week’s analysis, highlighted the potential for a major top formation as the market entered an “always in short” market, coupled with the appearance of the first weekly EMA gap after a robust bull trend. However, the market defied expectations, closing the week without a gap, suggesting either a resurgence of […]

Market Overview: Bitcoin Bitcoin‘s price action presents an interesting landscape, where some traders perceive a potential long-term top on the weekly chart and favor an “always in short” strategy in the near term. A retest of the $50,000 support level is still more likely before another challenge to the $70,000 double top. This dynamic environment […]

Market Overview: Bitcoin In last week’s analysis, we focused on the broader perspective offered by longer timeframe charts of Bitcoin. This week, the market triggered a low 2 signal on the monthly chart, indicating a potential shift in sentiment. On the weekly chart, it appears that bulls have relinquished the idea of buying within the […]

Market Overview: Bitcoin The start of 2024 marked a pivotal moment for Bitcoin, as the long-awaited approval of the Bitcoin ETF opened the doors for a significant influx of institutional investment. This new source of demand coincided with the Bitcoin halving event in Q2, traditionally viewed as a bullish catalyst. However, as we highlighted in […]

Market overview In this week’s Bitcoin report, we delve into the evolving market dynamics as Bitcoin navigates a critical juncture. The weekly chart showcases a potential shift in short-term momentum, as bearish signals emerge amidst a broader bullish structure. We maintain a cautious outlook for the coming weeks, anticipating sideways to downward trading unless a […]

Market Overview: Bitcoin Bitcoin‘s price action is at a pivotal point, as the weekly chart reveals a potential shift in short-term momentum. This week’s bearish candlestick suggests that bears might be gaining influence, posing a challenge to the bulls. The market is now at a crucial juncture, with the resolution of this consolidation phase likely […]

Market Overview: Bitcoin Bitcoin price action is at a crossroads, with both weekly and daily charts revealing intriguing patterns that hint at potential volatility ahead. The weekly chart showcases a market in a period of consolidation, following a strong bullish trend. A bull flag pattern has emerged, suggesting a potential continuation of the uptrend. However, […]