Market Overview: Bitcoin Bitcoin reached a major measured move target on the monthly chart in July, while establishing a new all-time high. Bitcoin The Monthly chart of Bitcoin Bull Channel Formation Bitcoin experienced a sharp bull spike in late 2023 through early 2024, which was followed by the formation of a bull channel—a sloping upward […]
Bitcoin Bulls Weakening after Stalling at Resistance
Market Overview: Bitcoin Bitcoin has ended a 4-week bull micro channel this week. Next week marks the monthly bar close. So far this month, price rose about 8%. There’s a real chance the month closes below its midpoint, raising odds of testing $100,000 in August. Bulls aim for a close near the high to show […]
Bitcoin reaches $120,000 and monthly major target
Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin Context and Transition Shift Back to Long High‑2 Mechanics Bull Breakout and Targets Bad Follow‑Through What Now The Daily chart of Bitcoin Trading Range Bull Breakout Measured Move Is Resistance Time for Bulls to Assess Strength Scenarios Conclusion Market analysis reports archive You can access all […]
Bitcoin Bull Breakout of Cup and Handle
Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin The Daily chart of Bitcoin Market analysis reports archive You can access all weekend reports on the Market Analysis page.
Bitcoin Weekly High 2 Triggered
Market Overview: Bitcoin Bitcoin The Weekly chart of Bitcoin The Daily chart of Bitcoin Market analysis reports archive You can access all weekend reports on the Market Analysis page.
Bitcoin The Bull Reversal of 2nd Quarter
Market Overview: Bitcoin Bitcoin The Monthly chart of Bitcoin The Weekly chart of Bitcoin Market analysis reports archive You can access all weekend reports on the Market Analysis page.
Bitcoin Weak Low 2 after Strong Bull Leg
Market Overview: Bitcoin Bitcoin triggered a Low 2 setup on the weekly chart. The Low 2 setup is also the Handle of a Cup and Handle Pattern. Bitcoin The Weekly chart of Bitcoin The Daily chart of Bitcoin Market analysis reports archive You can access all weekend reports on the Market Analysis page.
Bitcoin Low 2 is the Handle of the Cup and Handle
Market Overview: Bitcoin This week, Bitcoin triggered a High 3 signal bar on the daily chart and tested the next target, which was the significant round number of $110,000. In the long term, bulls remain focused on the continuation of the Cup and Handle pattern that has been forming on the weekly chart. Compared to […]
Bitcoin ends 7-week bull micro channel
Market Overview: Bitcoin This week, Bitcoin is attempting to resist a pullback after reaching its all-time highs. Bulls are still envisioning a continuation of the Cup and Handle pattern that has been forming on the weekly chart. Compared to the 2021 version of this pattern, the current setup appears more technically constructive and better defined. […]
Bitcoin Bulls continued the Rally in May
Market Overview: Bitcoin Bitcoin is up nearly 10% in May, with just one trading day remaining before the monthly close, at the time of writing. This follows a strong April and reinforces the current bullish tone. June marks the final month of Q2, which makes price behavior this month especially important. A strong close could […]
