Bitcoin bounces to $90,500 after testing key support of $89,200
The early rally to start the year failed to break past $95,000, setting the stage for the current pullback, according to one trading firm.
Key
Bitcoin trades tear key price safety net that BTC-holder strategy already breached
This is a technical analysis post by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin BTC$86,673.90 trades close to a crucial long-term price line that’s held for three weeks, putting bulls on edge. However, shares in the largest publicly listed BTC holder, Strategy (MSTR),… Read More
DOT Sinks 2% After Breaking Key Support
DOT$1.9758 suffered a technical breakdown during Friday’s session as the token plunged from a high of $2.09 to $1.97, erasing its previous rally momentum. The decline occurred on heavy volume that reached 284% above normal levels, according to CoinDesk Research’s technical analysis model. The model… Read More
ICP Clears Key Technical Barrier as Breakout Volume Confirms Upward Momentum
Internet Computer climbed through the crucial $4.20 resistance level on elevated volume before late-session consolidation narrowed gains.
XLM Tumbles Below Key $0.285 Support as Bears Take Over
Stellar faced selling pressure during Tuesday’s session with XLM sliding from $0.2846 to $0.2812 as institutional distribution emerged at elevated levels. The token carved out a $0.0189 range, representing 6.7% volatility that signaled heightened trader uncertainty around current price levels. The breakdown accelerated at 14:00… Read More
BTC Dips 0.9% as Heavy Volume Breakdown Tests Key Support
According to CoinDesk Research’s technical analysis data model, bitcoin BTC$102,458.40 retreated in measured fashion during Tuesday’s trading session, sliding from $103,177 to $102,203 while carving out clear bearish structure after probing session highs above $105,300. The world’s most valuable cryptocurrency moved within a hefty $3,289… Read More