Tag: technical analysis

Bitcoin Faces Potential Price Drop After Failing to Maintain Key Support

Bitcoin Faces Potential Price Drop After Failing to Maintain Key Support

Bitcoin’s pullback to $105,250 on Tuesday implies the possibility for additional price drop. After recently failing to close above $109,000 on both Sunday and Monday, fears deepened among investors as the cryptocurrency has shown signs of weakening.Technically Bitcoin’s price is trapped between a downtrend line and moving averages. All of...

Bitcoin's Bullish Engulfing Pattern Hints at Potential Price Surges

Bitcoin's Bullish Engulfing Pattern Hints at Potential Price Surges

Bitcoin’s price action lately has shown a pattern that in the past has indicated more upside. The bullish engulfing pattern since January 2021, for example, has formed 19 times. In 78% of those cases, it’s pushed prices to new local record highs. That uncommon technical indicator, along with positive bullish...

Bitcoin's Stuck! Range-Bound Trading & What It Means For You

Bitcoin's Stuck! Range-Bound Trading & What It Means For You

Bitcoin's price action has been a topic of much discussion at BlockTraderHub.com this week, and the general consensus is that it's stuck. Whether you’re a new trader or a veteran, knowing what this range-bound trading means can be very valuable. As for Bitcoin, it has been pretty aimless, just grinding...

Aptos (APT) Price Prediction: Bullish Reversal Imminent?

Aptos (APT) Price Prediction: Bullish Reversal Imminent?

Aptos (APT) is the new kid on the crypto block. Currently, its building technical structure that is suggesting a impending bullish reversal. This analysis originates from BlockTraderHub.com. We’ll be peeling back the curtain on some of the most important indicators and levels that every trader should have in their arsenal....

XRP Price Crash Incoming? Decoding Bearish Signals & Key Levels

XRP Price Crash Incoming? Decoding Bearish Signals & Key Levels

Through the ever-evolving landscape of virtual currencies, being at the forefront means having an acute awareness of market indicators and movements. BlockTraderHub.com is your best place for crypto intelligence. Today, we are going to look critically at the most recent indicators on XRP and provide an outlook on what could...