TradeDog-Research

TradeDog-Research

Bitcoin's recent performance has been nothing short of spectacular, marking its most bullish week of the year with a 12% surge. This rally shattered the previous consolidation zone, propelling prices beyond the FWB:42K -$43.5K range. The cryptocurrency didn't stop there; it soared past critical thresholds on the Fibonacci retracement chart, signalling the...

TradeDog-Research

Over the previous week, Bitcoin has exhibited considerable volatility, as is characteristic of the digital asset market. The price of Bitcoin tested a critical support level around the $38,000 mark. This level proved to be robust, catalyzing a rebound as the asset's valuation ascended past the $40,000 threshold once again. At the current juncture, Bitcoin's price...

TradeDog-Research

n the crypto world, last week was a rollercoaster. It started on a high note with the SEC approving 11 Bitcoin Spot ETFs, generating excitement about institutional involvement. However, things soured quickly. As ETF providers revelled in the influx of new investments, Grayscale's GBTC faced a challenging situation, marked by significant outflows coinciding with...

TradeDog-Research

Bitcoin (BTC) recently broke down a rising channel pattern formed earlier this month. The price has now entered a crucial support zone on the Fibonacci retracement table, ranging from the 0.618 FIB level to the 0.786 FIB level. A further breakdown beneath this support zone could signal more significant downside potential, potentially activating the $25,000...

TradeDog-Research

BTC continued its rangebound momentum between the price level of FWB:25K to FWB:27K during the past week. On the Fibonacci retracement table, it has formulated a resistance zone between the 0.5 FIB level and the 0.382 FIB level. However, the RSI level reflects a sudden uptick (57.07) after avoiding a dip towards the oversold region. If the level is able to...

TradeDog-Research

The past week for Bitcoin was a challenging one as the price level broke below the crucial level of $30K. Since then, the world’s largest cryptocurrency is struggling between the range of $29,000 to $30,000. On the Fibonacci retracement table, BTC is facing a strong resistance zone above the 0.382FIB level. The support zone lies around the price level of...

TradeDog-Research

During the past week, BTC faced multiple breakdowns below the crucial psychological mark of $30K. This also suggests that it has strong support zones below the mentioned level which is providing the bounceback at regular intervals. However, during the rangebound momentum, EMA-20 suffered a negative2 crossover against EMA-50 and EMA-100, which could be a negative...

TradeDog-Research

The price momentum of Bitcoin during the past week was primarily driven by the world’s fourth-largest cryptocurrency, XRP. The crypto industry celebrated Ripple’s partial win in court during the past week, as the judge ruled XRP not a security. This created a significant positive sentiment within the market, especially for the XRP coin, which is still up by 60.45%...

TradeDog-Research

Bitcoin experienced a week dominated by range-bound momentum. The chart illustrates a distinct consolidation range that has materialized between the price range of $30,000 and $31,000. Since the commencement of July, the price has been unable to surpass the upper boundary of the Bollinger Bands. Nevertheless, it has managed to sustain a position above the...

TradeDog-Research

The past week for Bitcoin was the most anticipated one as it broke above the crucial psychological mark of $30K. On the chart, it was observed that the bullish rally for the world’s largest digital asset started at the 0.786 FIB level and broke above the 0.236 FIB level. From hereon, it will be crucial for BTC to maintain sustainability above 0.236 FIB level...

TradeDog-Research

The past week for Bitcoin was full of volatility and recovery as the current price level stands at a 2.39% gain on a weekly basis. As the overall market conditions got heated up due to the regulatory environment, BTC broke below the crucial level of FWB:25K in the past week. However, there was a strong bounceback after it crossed the 0.786 FIB level. EMA-20...

TradeDog-Research

The previous week in the cryptocurrency market was dominated by concerns regarding the Securities and Exchange Commission (SEC) targeting Binance and Coinbase. As a result, the world's largest digital asset experienced a significant decline of approximately -3.60% over the course of the week. Currently, Bitcoin (BTC) is encountering substantial resistance above...

TradeDog-Research

After being without insignificant action for quite some time, BTC showed some signs towards a potential downside. The price level faced a negative crossover against EMA-200 after it was unable to maintain sustainability above it. The price level also went below the 0.236 FIB level and a breakdown below the crucial mark of $26K can be major bearish indicator....

TradeDog-Research

The past week for Bitcoin was mostly traded in a consolidation range between $26.5K to $27.5K. On the Fibonnacci retracement table, there is a resistance zone above the 0.382 FIB level. On the contrary, the support zone can be placed below the 0.236 FIB level. The RSI level is currently showcasing negative nature while residing around 45.28. However, the MACD...

TradeDog-Research

The past week for Bitcoin went negative as it was down by nearly 2% in a 7-day timeframe. On the chart, the price level formed a falling channel pattern. However, after showcasing strong signs of accumulation around the 0.236 FIB level, the price level went for a positive breakout above the 0.382 FIB level. The current setup suggests that BTC might have the...

TradeDog-Research

The world’s largest cryptocurrency was struggling to have a positive crossover above the crucial mark of $30K. Towards the end of the week, selling pressure kicked in which forced the price level to drop below $28K. On a weekly setup, the BTC price level is trading at the lowest region in the Fibonacci Retracement while the RSI suffered multiple breakdowns to...

TradeDog-Research

The world’s largest digital asset is facing consolidation for the past couple of weeks. On the technical chart, it has formed a consolidation range between FWB:27K to $29K. Within the consolidation range, the price level is having support from the middle basis and resistance from the upper line as well. An opposite move could be a significant momentum signal....

TradeDog-Research

The world’s largest cryptocurrency is now eyeing to break above the crucial mark of $30K. In the past week, BTC did face profit booking momentum which forced the price level to drop to $26.5K. However, the level bounce-backed and currently maintains sustainability above 0.236 FIB level, which is a positive sign The expansion in the width of Bollinger bands...