Bitcoin’s price action on June 24, 2024, indicates a clear bearish trend. Hovering around $ 61,171, bitcoin has fluctuated between $ 60,580 and $ 64,384 in the past 24 hours. BTC’s market cap is $ 1.21 trillion, with a trading volume of $ 19.12 billion, reflecting significant market activity despite …
Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide
In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading. Oscillators and Why They Matter […]
Bitcoin Technical Analysis: BTC Faces Continued Downtrend Amidst High Selling Pressure
Bitcoin’s price continues its downward trajectory, coasting along at $ 63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour …
Bitcoin Technical Analysis: Bearish Sentiment Tightens Grip as BTC’s Downtrend Continues
As of June 19, 2024, bitcoin’s price is $ 65,283, fluctuating within an intraday range of $ 64,149 to $ 65,633. On Wednesday, the leading cryptocurrency saw a trade volume of around $ 31.28 billion, with a market capitalization of $ 1.28 trillion. Bitcoin Bitcoin’s oscillators reflect mixed sentiment. The …