CoinCodex

CoinCodex

After a brief reactionary rally to the sharpest interest rate hike since 2000, Bitcoin dropped almost 10% over the past 24 hours as it reached the lowest daily closing price since January 2022 The price capitulation caused BTC to break beneath a rising trend line as it plummeted into support at $35,650 (downside 1.414 Fib Extension) The break of critical...

CoinCodex

BTC is now down by a total of 5.45% over the past week as it sits beneath $48,000 The cryptocurrency is currently trading inside an ascending wedge formation Bearish divergence with the RSI might be suggesting a breakdown is possible The bull run for Bitcoin seems to have slowed down a bit since hitting the resistance at $50,000 last week. The...

CoinCodex

BTC is up by a small 1% over the week as it meets the support at the 20-day MA around $46,300 The cryptocurrency lost ground near $50,000 earlier in the week after closing above $49,400 A daily closing candle beyond $50,000 will be required for the bullish surge to continue After weeks of price growth for Bitcoin, it seems that the buyers might be starting...

CoinCodex

BTC is up another 3% today as the cryptocurrency creates the first higher high since the mid-May market collapse Bitcoin is now up by a whopping 16% over the week The latest price hike allowed BTC to climb above the 200-day EMA today It seems that the cryptocurrency market has shrugged off last week’s US Infrastructure Bill taxation after surging 16% on...

CoinCodex

BTC is down by a small 4.5% today as the cryptocurrency slips beneath $40K again. The cryptocurrency reached a two-month high over the weekend as it hit $42,560. Since reaching this high, the coin has rolled over to break beneath the ascending price channel it was trading inside. Bitcoin rolled over by 4.5% today as the cryptocurrency falls beneath an...

CoinCodex

BTC is now up a massive 26% over the past 7-days as it knocks on the door at $40K. The cryptocurrency is now experiencing the first strong bullish move since the mid-May market collapse. $40K to $42K still remains a very significant resistance to overcome. Bitcoin is up a strong 26% over the past week after the rumors of Amazon entering into the...

CoinCodex

Stellar Lumens surged by a strong 12% today as it surges to $0.25. The push higher allowed XLM to climb above the 20-day MA and break a long-term falling trend line. Against Bitcoin, XLM also pushed higher to 774 SAT and is back above the 20-day MA for the first time since May. XLM surged a strong 12% today after rebounding from support at $0.2 earlier...

CoinCodex

BTC saw a massive 7% price hike yesterday as the coin bounces back above the $30K level. The cryptocurrency penetrated the descending triangle it was trading in but found support at the lower angle of a wedge. Bitcoin still needs to break the wedge and the 20-day MA to start to look for a recovery moving forward. BTC saw a huge 7% recovery candle...

CoinCodex

MATIC recovered a strong 28% today as the cryptocurrency rebounds from $0.685 to hit $0.822. Yesterday, MATIC was one of the worst-performing coins, but today is the strongest performer in the top 50. Against BTC, MATIC found support at 2300 SAT yesterday and has rebounded higher to 3630 SAT. After being one of the worst performers in the top-50...

CoinCodex

Ethereum dropped by a sharp 7% today as it plummets into the $1,700 region. The cryptocurrency remains inside a descending wedge but is testing the lower boundary. Against Bitcoin itself, Ethereum is battling to remain above a rising trend line at ₿0.059 after falling beneath the 100-day MA last week. Ethereum fell by a sharp 7% today, mainly because BTC...

CoinCodex

Bitcoin is down a sharp 8.2% over the week as the bulls battle around $31K. The cryptocurrency is trading inside a large descending triangle pattern as it knocks on the door of the lower boundary. A breakdown of this pattern could result in BTC hitting as low as $16K in a worst-case scenario. Bitcoin is down a very sharp 8% over the week as the...

CoinCodex

Ethereum is down a sharp 11.5% this week after breaking beneath $2,000 and reaching $1,860. The coin is now trading inside a falling wedge pattern, which is usually bullish on the breakout. Against Bitcoin itself, Ethereum broke the 100-day MA as it battles around ₿0.06. Ethereum is down a very sharp 11.5% this week as the cryptocurrency breaks beneath...

CoinCodex

Bitcoin is down another 4.5% this week as the cryptocurrency starts to head toward $31k support. It had broken beneath a symmetrical triangle pattern earlier in the week, indicating that there is more downside action ahead. Traders are growing nervous ahead of the GBTC shares unlocking. Bitcoin witnessed another week of downside pressure after dropping...

CoinCodex

Bitcoin fell 3.5% today as the cryptocurrency attempts to defend the support at $32,650 (.618 Fib). The cryptocurrency continues to trade inside a short-term symmetrical triangle but is testing the lower angle. All eyes continue to look for $31.5K support to hold. Bitcoin is down 3.5% today as the bulls attempt to defend a short-term .618 Fib Retracement...

CoinCodex

Bitcoin is up a small 1% today as it battles to get back above $33,000. The cryptocurrency fell beneath a short-term symmetrical triangle pattern this week as the bulls fail to maintain the consolidation. All eyes rest on $30K for medium-term support. Bitcoin is down a small 1.3% on the week as it returns back to around $32,800. The cryptocurrency was...

CoinCodex

Ethereum is up 5% over the week as the coin faces resistance at $2,363. It broke the June descending trend line but is struggling with resistance at a bearish .236 Fib. Against Bitcoin itself, Ethereum broke resistance at ₿0.066 today and is at ₿0.0673. Ethereum is trending higher this week as it surged by 5%. The coin found support at a .886 Fib...

CoinCodex

Bitcoin surged 8% over the weekend as it pushed higher from $33,000 to reach as high as $35,600. The coin hit resistance at the upper angle of a triangle and headed lower to $34,300. The bulls are attempting to defend the lower boundary of this triangle. Bitcoin saw another whipsaw-like trading period over the weekend as the cryptocurrency pushed higher...

CoinCodex

Bitcoin is down a small 1.5% today as the cryptocurrency continues to head lower from the $36K resistance seen earlier in the week. It broke the previous short-term ascending price channel and is attempting to defend the support at $32,650 (.618 Fib Retracement). If support at $32,650 breaks, all hopes rest in the range between $30K and $31.5K. The price...