TradeDog-Research

TradeDog-Research

The world's largest cryptocurrency developed a much-needed sustainability above the FIB level of 0.236 FIB level. However, MA-20 looked vulnerable facing a negative crossover against MA-50. This may result in a breakdown below 0.236 FIB level. The RSI level also showcased its negative nature while residing at the level of 36.72. Overall, the support levels for...

TradeDog-Research

The past week for Bitcoin turned out to be fundamentally negative as crypto-friendly and related banks collapsed. However, at the time of writing, the world’s largest cryptocurrency showed symptoms of recovery as the weekly loss stood at just around 1.00%, even after suffering a dip below the crucial mark of $20K. On the Fibonacci retracement table, the 0.5 FIB...

TradeDog-Research

Bitcoin faced significant resistance from the crucial psychological mark of $25K during the past week. Due to the pullback by the resistance mark, its weekly performance is facing a loss of approximately 6.00%. MA-10 has faced multiple negative crossovers against both MA-20 and MA-50, respectively. It suggests that BTC is again entering into bearish sentiment....

TradeDog-Research

BTC had a positive crossover against the crucial psychological mark of $25K. The breakout suggested that there is significant positive momentum prevailing for the world’s largest digital asset. The RSI level is also trading at a bullish level (62.00) with the potential to have a positive breakout to the overbought region. However, the MACD level is looking...

TradeDog-Research

Bitcoin started to shed its positive returns at the start of the second month of 2023. As observed in the chart, the BTC price level is currently trading at a critical level of 1.0 FIB level upon which a negative breakout could result in further price damage. MA-10 also suffered a negative crossover against MA-50 in the past week. The downside expansion in the...

TradeDog-Research

The world’s largest cryptocurrency has maintained its positive momentum and accumulated approximately 36% returns in January. BTC has been in a Bear trap, it had hit its low of $15.5K and took support at the resistance trendline as shown in the chart. After consolidating there for 2 months, BTC shot up to the level of $24K and is currently retracing and trading...

TradeDog-Research

Bitcoin continued its positive momentum in the past week as the YTD gain reached approximately 40%. On the Fibonacci retracement table, BTC price level had entered the resistance zone which is above 0.786 FIB level. Considering the technical indicators, Bollinger bands has contracted its width which suggests a potential consolidation or profit-booking momentum....

TradeDog-Research

The chart highlights the price performance of Axie Infinity (AXS) in the past couple of days amid the token unlocking. It could be clearly noticed that before the token unlocking actually took place, there was positive sentiment for the AXS token. However, after the unlocking, there has been significant selling pressure which brought the price level down from its...

TradeDog-Research

The world’s largest cryptocurrency has maintained its positive momentum since the start of the year and generated approximately 36.83% YTD returns. On the chart, two areas are marked representing the resistance zone and sustainability zone, respectively. The current price action of BTC suggests that it will be targeting a positive breakout above the resistance...

TradeDog-Research

BTC had a stellar start in 2023 as it broke above the crucial psychological mark of $20K. The YTD gain is now almost 25% while the weekly gain is around 20%. On the chart, Bitcoin broke above the 0.5 FIB level, entering the resistance zone present between 0.5 FIB level to 0.618 FIB level. The key level to watch out for is $21K and sustainability above it. If the...

TradeDog-Research

Bitcoin started 2023 on a positive note as the price level formed a rising channel pattern on the chart. Considering moving averages, MA-10 is trading above both MA-20 and MA-50, which is again a positive sign for the world’s largest cryptocurrency. The RSI level is also showcasing an extremely positive nature with a breakout to the overbought region. At the...

TradeDog-Research

The last quarter of 2022 turned out to be the most damaging one for the world’s largest cryptocurrency. As the price level was able to maintain sustainability above the crucial support level of $18K, the collapse of the centralized exchange, FTX, resulted in a bloodbath in the overall market conditions. Thereafter, BTC suffered a new 52-week low of approximately...

TradeDog-Research

The new year started off quite well for the world’s largest cryptocurrency as BTC was up by 1.30% in the past 24 hours. The price level had developed a temporary support zone around $16.5K through which it is looking at the potential to test the resistance zone above the 0.236 FIB level. It must be noted that BTC has not been able to break above the 0.236 FIB...

TradeDog-Research

The past week for BTC was of strong consolidation and diminishing volume. The price level constantly tested the resistance level at the 0.236 FIB level. The RSI level has again formulated a rising channel pattern on the chart. However, the impact on the BTC price was minimal as compared to the rise in the RSI level The MACD level is still attempting to cross...

TradeDog-Research

The past week for the world’s largest cryptocurrency started on a positive note as the price level was able to break above $17.5K for the first time after November. Furthermore, the positive momentum led to a breakout above $18K but was unable to sustain for a longer duration. This could be justified on the 12-hour candlestick as the breakout represents a wick...

TradeDog-Research

Since the start of December, Bitcoin has formulated a strong consolidation range between the price level of $17K and $17.5K. This could be a positive interpretation as compared to its performance during November end. It could be noted that BTC is facing strong resistance above the 0.736 FIB level on the Fibonacci retracement table. The price level had also...

TradeDog-Research

The past week has regenerated positive sentiment for the world’s largest cryptocurrency as it broke and maintained sustainability above $17K. The bullish rally could be reflected in the expansion of Bollinger Band’s width. Moreover, MA-10 was able to have a positive crossover against MA-50 which could be a potential signal for more bullish momentum to come in the...

TradeDog-Research

The technical chart of Bitcoin reflects on the consolidation faced since the past week. On the chart, the consolidation rage is formbed between the price levels from $15.5K to $17K Considering the technical indicators, RSI level is facing strong resistance for a positive breakout above 50. Currently, the level is showcasing negative nature while residing at 39.92...