News with the tag "Descending Channel"

Ethereum’s price may have been facing significant downside pressure due to an overall market downswing, which is believed to be caused by recent negative macroeconomic conditions. However, a seasoned crypto expert predicts a transition in price behavior from bearish to bullish for ETH as the asset c...

The cryptocurrency market has been reeling from a broader sell-off , and Dogecoin has not been spared, with its price recently dropping to a three-month low of $0.20. While there has been a slight recovery, concerns remain that the decline is not over yet. According to a crypto analyst known as Davi...

Analysts are currently leaning towards a further breakdown in the Bitcoin price, as market volatility has positioned the pioneer cryptocurrency in a tight consolidation zone. Crypto expert Hamed_AZ on TradingView has shared a bullish and bearish outlook for the Bitcoin price. However, the analyst hi...

According to an X post by crypto analyst Ali Martinez, Bitcoin (BTC) is witnessing a decline in sell-side pressure, indicating that a local market bottom may soon form for the premier cryptocurrency. Bitcoin Local Bottom On The Horizon? Bitcoin continues to trade just below the psychologically signi...

The crypto market has been experiencing significant volatility, with the Bitcoin price leading the charge. Over the past month, BTC has been trading sideways, recording declines that have pushed its value below the $100,000 mark. As analysts speculate about the cryptocurrency’s next major move, rece...

Crypto analyst Crypto Paradise has raised the possibility of the Dogecoin price recording another explosive rally above the psychological $0.4 level . The analyst highlighted a bullish pattern, which proves that the foremost meme coin could witness this parabolic move. Why The Dogecoin Price Could S...

The Dogecoin price has been on a major bullish trend lately, achieving new highs driven by political events and market sentiment. As the top meme coin navigates the volatile market, a crypto analyst projects that DOGE could be gearing up for a monster rally in the first quarter (Q1) of 2025. The ana...

Dogecoin, the largest dog-themed meme coin has gained an upside trajectory, attracting significant interest and attention from investors. Given its robust resurgence of upbeat momentum, several crypto analysts believe that DOGE might continue to move upward toward higher levels, bolstered by bullish...

October has historically been one of Bitcoin‘s best-performing months, triggering notable price increases over the years. Considering the price of BTC this month, several crypto analysts believe that the digital asset could be gearing up for a breakout that might catalyze a move to new all-time high...

On Wednesday, via the 1-hour chart, bitcoin is forming a potential inverse head and shoulders pattern around the $61,500 level. If confirmed by a breakout above $62,000, this could signal a bullish reversal. Additionally, the 4-hour chart reveals a descending channel from $65,144 to $58,456, where a...