by OverviewFX | Dec 30, 2024 | Cryptocurrency
It’s an ugly day for risk assets and bitcoin is no exception. What I think is happening is that many in markets are anticipating profit taking in high-flying assets early in the new year as that pushes capital gains taxes out until 2026. There is a front-run of...
by OverviewFX | Dec 30, 2024 | Cryptocurrency
In this bitcoin analysis on the Binance BTCUSDT 4 hourly chart on Binance, we delve into the current bearish trend in Bitcoin prices and explore the conditions necessary for a bullish reversal. This update focuses on the significant pitchfork patterns and key price...
by OverviewFX | Dec 30, 2024 | Cryptocurrency
Bitcoin Analysis: Navigating the Key Levels and PatternsAs the year comes to a close, Bitcoin’s price action presents a mixed narrative, leaning bearish in the near term. Traders and investors are closely monitoring critical levels and chart patterns to anticipate...
by OverviewFX | Dec 26, 2024 | Cryptocurrency
Bitcoin Price Update and Forecast:Bitcoin (BTC/USD) appears poised to cross the $100,000 mark again as current price action aligns with bullish technical indicators on the daily chart. Here’s a quick breakdown:BTCUSD daily chart within the Donchian Channel with...
by OverviewFX | Dec 23, 2024 | Cryptocurrency
Bitcoin is struggling today and threatening a re-test of Friday’s spike low of $92,115.A break of that level would crack something of a double bottom and could clear the way for a deeper retracement, particularly if $90,000 also gives way.Bitcoin dailyBitcoin...
by OverviewFX | Dec 23, 2024 | Cryptocurrency
Oh, oh, oh, Bitcoin Technical Analysis: Key BTC Price Levels for ChristmasWe Asked Santa to look at Bitcoin FuturesIt’s worth noting that Bitcoin’s price movement during the Christmas season isn’t consistently bullish. However, during bullish market...
