The charts are whispering bearish signs. We're spotting a classic 'double tap' formation on BTC, with the second peak struggling to keep up the momentum, reflected by a quieter volume. It's like the market's running out of breath at the top of a hill.
The R1 level's been a tough nut to crack, putting on a solid show as resistance. Meanwhile, the PP line's been...
After a thorough analysis of the current BTC chart, it appears that the momentum that propelled the recent upsurge is waning. Despite a potential minor uptick, the overall sentiment suggests that we are on the brink of a bearish phase.
The initial wave, largely influenced by the ETF news, seems to have run its course. While an approval could inject some...
BTC/USD has been on an impressive run, showing resilience and strength as it climbs the charts. However, as we approach significant resistance levels, a keen eye might spot the early signs of a potential shift in momentum. On the daily chart, we are hovering near the R2 pivot point resistance, which aligns with the Fibonacci retracement level of 61.8% – a critical...
