TradeDog-Research

TradeDog-Research

As previously suggested by our team of analysts, Bitcoin is moving within the rising channel pattern marking higher highs and higher lows. The pattern also represents positive sentiment present in the overall market conditions. Considering moving averages, MA-50 is showcasing a positive trend on that chart and had provided support to the price level on multiple...

TradeDog-Research

Over the past week, Bitcoin has formed a rising channel pattern, indicating that positive momentum is building up. After consolidating between the price range of $18K-$22K, the price level had a positive breakout above the resistance level of $23K and sustained it as well. The positive crossover of MA-10 against MA-20 is another bullish signal currently present....

TradeDog-Research

Economic narratives and dialogues covering crypto and traditional market trends have discussed the hypothesis of inverse correlation between Bitcoin and the US Dollar. As the world’s largest cryptocurrency was created with the vision of decentralized substitution for centralized fiat currencies, we have seen the hypothesis becoming true in the past couple of days....

TradeDog-Research

Bitcoin price level hovered within the consolidation range depicted in the chart. The world’s largest cryptocurrency maintained sustainability above the strong support level of $19K. Thereafter, the price level is currently attempting for a positive breakout above the consolidation range. It must be noted that BTC faced a couple of negative breakouts after...

TradeDog-Research

During the past week, BTC had developed a strong support base of around $19K besides being traded below the crucial psychological mark of $20K on multiple occasions. The weekly high was registered at around $22.5K testing the resistance present at 0.236FIB level. With the recorded CMP at $20,560, MA-10 is looking at the potential to have a positive crossover...

TradeDog-Research

The past week's price performance resulted in more skepticism among investors as BTC faced multiple negative breakouts below the crucial psychological mark of $20K. Compared to the previous high of the previous month, BTC is almost down by 37%. On the Fibonacci retracement table, the price level has fallen below the 0.236FIB level and unable to have any...

TradeDog-Research

The past financial quarter didn’t go as expected. We did witness the emergence of humongous selling pressure in the overall market conditions including Bitcoin. The world’s largest cryptocurrency has almost retraced about 60% considering the high of Q2 2022 and the current market price. Although the downfall wasn’t a steeped one, BTC found support levels at...

TradeDog-Research

For the past week, Bitcoin is attempting to create sustainability above the psychological crucial mark of $20K. Additionally, after a positive crossover of MA-7 against MA-20, we haven’t witnessed any sharp downfall on the chart. However, the price level still remains below MA-50 which suggests that there is still a bearish sentiment in the overall market...

TradeDog-Research

For the past week, Bitcoin faced the wrath of bears as it slipped below the crucial psychological mark of $20K. It has registered a new 52-week low of around $17,500 on the charts. A figure that is not wished by anyone. However, there has been a positive bounceback since then. We are witnessing a potential bullish crossover in the MACD which could possibly hint...

TradeDog-Research

The world’s largest cryptocurrency has again fallen in the hands of bears as BTC has slipped below the crucial support levels of $28K, $26K, and $24K respectively. The magnitude of downfall is around -15% on the 24H-timeframe. The primary reason behind the sharp downfall is said to be a global selloff fueled by the fear of inflation, the prospect of recessions in...

TradeDog-Research

After facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal....

TradeDog-Research

After facing bearish momentum for the past couple of months, BTC is finally able to sustain above the crucial mark of $30K. Although the magnitude of the upside has been negligible since the start of June, sustainability might definitely provide a breather for altcoins too. BTC price level is trading above both MA-10 & MA-25 which can be a positive signal. A...

TradeDog-Research

The world’s largest cryptocurrency has developed strong sustainability above the crucial support level of $28K. This certainly indicates that price level might avoid further downfall. The current trading session is looking in potential to form a bullish engulfing candle which may provide bullish breakout among moving averages in future The MACD level is also...

TradeDog-Research

The world’s largest cryptocurrency is been trading between the crucial price zone of $28K to $32K for the past week. It can be considered that BTC is forming a consolidation range on lower levels at regular intervals amid bear market sentiment. The previous consolidation range formulated from $38K to $42K which lasted for almost a month. On the Fibonacci...

TradeDog-Research

The past week turned out to be a pivotal point for the world’s largest cryptocurrency. Bitcoin fell below the crucial mark of $30K, which further led to panic selling among the altcoins. A negative breakout from the descending triangle pattern during the first week of the month hinted for such a nosedive in the price level However, looking onto the brighter...

TradeDog-Research

The bears continued their wrath on BTC and the overall market conditions during the past week. Bitcoin fell below the crucial support levels of $37K and $34K in no time during the past week, reflecting extreme bearish sentiment. The price level has again formed a falling channel pattern after facing strong resistance at the 0.5FIB level. A negative breakout...

TradeDog-Research

The past week continued to face the wrath of bears as Bitcoin traded within the falling channel pattern formed on the chart. The current level is looking at the potential to form a fourth lower high within the downtrend. However, a positive breakout above the 0.382FIB level can be a momentum breaker and bring back positive sentiment for the world’s largest...

TradeDog-Research

The world’s largest cryptocurrency has once again become a victim of a strong consolidation range between $37K to $45K. The breakout above $45K during the start of the month gave positive hopes to the investors. However, the following retracement forced the price level to drop below $40K. The contraction in Bollinger Bands suggests that we are poised for another...