Bitcoin Technical Analysis: BTC Encounters Strong Resistance, Enters Consolidation Mode

May 22, 2024 Bitcoin.com

As of May 22, 2024, bitcoin is trading at $69,952, navigating a recent intraday range of $69,211 to $71,422. Despite a tumultuous period, bitcoin has shown resilience with an 11.9% increase over the past week and a 5.9% rise over the past month. Bitcoin Bitcoin’s 1-hour chart reveals a significant decline from a peak of […]

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Bitcoin Technical Analysis: Bulls Push Forward, Breaking Upper Resistance Levels

May 20, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 20, 2024, bitcoin is trading at $67,224, reflecting a strong market performance. The cryptocurrency has experienced a 24-hour range between $66,000 and $67,431, with a market capitalization of $1.32 trillion and a trading volume of $21.18 billion. Bitcoin The daily chart indicates that bitcoin (BTC) is in a prolonged uptrend, having recently […]

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Bitcoin Technical Analysis: BTC Bulls Eye $68K After Surpassing Key $66K Resistance

May 17, 2024 Bitcoin.com

Bitcoin Technical Analysis: BTC Bulls Eye K After Surpassing Key K Resistance

Bitcoin (BTC)

As of May 17, 2024, bitcoin’s price stands at $66,303 with a market capitalization of $1.30 trillion and a 24-hour trading volume of $28.43 billion. Technical indicators from multiple time frames suggest a potential continuation of the bullish trend, albeit amidst notable market volatility. The convergence of moving averages and oscillators signals a strong upward […]

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Bitcoin Technical Analysis: Bulls Set Sights on a Glimmer of Recovery

May 13, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 13, 2024, bitcoin exhibits mixed signals across various time frames and technical indicators, presenting a complex landscape for traders. The leading crypto asset’s price currently stands at $62,792, reflecting a slight increase within the 24-hour range from $60,776 to $63,156. Despite a recent 2% uplift, bitcoin remains down by 3.6% over the […]

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Bitcoin Technical Analysis: Bulls Seek to Regain Upward Momentum

May 10, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 10, 2024, bitcoin exhibits a promising recovery trajectory, albeit amidst mixed market signals across various technical frameworks. Following an intraday fluctuation ranging from $60,954 to $63,388, at present, bitcoin is coasting along values between $62,861 to $63,272 per unit, suggesting a market grappling with both bullish and bearish sentiments. Bitcoin Bitcoin’s (BTC) […]

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BTC Price Down 2%, Triggering Liquidation of Over $34M in Bitcoin Longs in Derivatives Shake-Up

May 9, 2024 Bitcoin.com

BTC Price Down 2%, Triggering Liquidation of Over M in Bitcoin Longs in Derivatives Shake-Up

$60K

On May 9, 2024, bitcoin’s value faced a decline, hitting an intraday low of $60,634 at approximately 7 a.m. EDT. The latest downturn has led to the liquidation of about $34.79 million in bitcoin long positions across various derivatives markets. As Bitcoin’s Value Declines, Heavy Liquidations Follow Bitcoin is facing challenges on Thursday, with its […]

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Bitcoin Technical Analysis: BTC Faces Growing Uncertainty Amidst Market Fluctuations

May 8, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 8, 2024, bitcoin’s price is coasting along at $62,378, experiencing a 24-hour intraday range from $62,096 to $64,413, with a trading volume of $17.91 billion and a market capitalization of $1.22 trillion. Despite a decline of 2.1% over the past 24 hours, bitcoin has gained 9.3% over the last seven days. Bitcoin […]

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Bitcoin Technical Analysis: Bulls Challenge Upper Resistance

May 6, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin’s price movement on May 6, 2024, showcases a complex dance of volatility and potential, captured vividly across various time frames and technical indicators. With an intraday range swinging from $63,657 to $65,489, traders grapple with a trading landscape rife with both uncertainty and opportunity. As oscillators mostly suggest neutrality with glimpses of buying strength, […]

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Bitcoin Technical Analysis: BTC Bulls Challenge Upper Resistance Amid Bearish Pressure

May 3, 2024 Bitcoin.com

Bitcoin (BTC)

As of May 3, 2024, bitcoin’s price stands at $59,142, with a 24-hour intraday range of $57,789 to $60,000. The leading cryptocurrency maintains a market capitalization of $1.15 trillion and has recorded a trading volume of $28.43 billion over the same period. Bitcoin Bitcoin’s daily chart analysis reveals a consistent bearish trend with BTC’s price […]

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Bitcoin Technical Analysis: Uncertainty Looms as Bearish Patterns Persist

May 1, 2024 Bitcoin.com

Bitcoin (BTC)

Bitcoin’s technical analysis reveals a protracted bearish trend, reflecting significant selling pressure and resistance to upward movement. With today’s price standing between $57,505 and $58,059 at 8 a.m. ET, oscillators and moving averages predominantly suggest a continuation of this decline. Bitcoin On the BTC/USD daily chart, the trajectory of lower highs and lower lows underscores […]

Bitcoin bulls