Technical Analysis

Ethereum’s price has fallen below the critical $3,000 support level, risking a further decline towards $2,850. However, the MVRV Z-Score indicator suggests the asset may be undervalued and could be nearing a bottom.

The price of XRP fell by 6.5% to around $2, with trading volume surging over 90%. Analysts are watching the $2 psychological support level, while some point to a historical pattern from 2017 that preceded a massive price increase.

Crypto analyst Didi Taihuttu warns of a potential bear market for Bitcoin, citing several bearish technical indicators. He advises traders to be cautious while suggesting long-term holders view dips as buying opportunities, emphasizing strategy over panic.

The crypto market is emerging from extreme fear, with multiple indicators suggesting Bitcoin could be poised for a relief rally and potentially new all-time highs. Technical and sentiment analysis point to bullish momentum.

After a significant drop from its all-time high, an analyst known as Mister Crypto suggests Bitcoin may have found its bottom. Citing whale activity and technical indicators, he predicts a potential rally, though cautions that the broader market sentiment remains bearish.

Zcash’s price has fallen sharply despite positive news like an ETF application, with technical indicators pointing to a potential trend reversal.

Despite a recent price recovery, a technical analyst warns that Bitcoin may be setting a bull trap. A head-and-shoulders pattern suggests a potential drop to the $40,000-$48,000 range, urging caution against FOMO-driven longs.

Analyst Titan of Crypto shares four key Bitcoin charts, indicating a bearish bias, and explains the critical support levels to watch.

In this market update, Vincent Timmer analyzes Bitcoin’s current price action. He argues the higher timeframe trend remains bullish but outlines a ‘dream scenario’ of a final dip to grab liquidity before a potential run towards new all-time highs.

An expert claims that the Bitcoin bull market has ended and predicts a prolonged bear market, while others point to miner profitability and other indicators as signs of hope.