Analysis Daily TheBitTimes.com

SHIB, UNI, MKR and XDC show signs of strength even as Bitcoin price remains stuck inside a narrow range. Bitcoin (BTC) is on track to form two successive Doji candlestick patterns on the weekly charts but a positive sign is that the price is sustaining above the 20-week exponential moving average ($28,072). This suggests that the bulls have not lost their grip. Popular trader TechDev used the three-week timeframe to show that Bitcoin’s compression above the 20-period moving average was approaching values seen only four times since Bitcoin’s creation. Interestingly, on all three previous occasions, the expansions happened to the upside, suggesting that history favors the bulls. Crypto market data daily view. Source: Coin360 However, in the near term, the lack of volatility has pulled Bitcoin futures trading volumes to their lowest levels since December 2022. Cointelegraph contributor Marcel Pechman believes this shows that trader s may have shifted to other markets or maybe avoiding m...

Bitcoin threatens a breakdown below $27,000, and traders are ready and waiting with their downside BTC price targets. Bitcoin (BTC) headed toward range lows at the April 24 Wall Street open with investors at odds over when to take profit. BTC/USD 1-day candle chart (Bitstamp). Source: TradingView BTC price targets extend to $25,0 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling below $27,300 on Bitstamp. The pair had seen an initial positive reaction to the start of trading on Wall Street, this short lived as a trip to $27,045 marked new monthly lows. Traders, already keen to see further downside to take waiting bid liquidity, were unperturbed. “Patiently waiting for the sweep,” popular trader Johnny summarized. Like many others, Johnny targeted $26,500 as a potential reversal zone, this marking the range low in place since mid-March and an important support zone. Others were more reserved, with Phoenix calling for $25,000 should current support break down. ...

Bitcoin stays stuck in an ever-decreasing trading range, but market participants are already eyeing a potentially explosive resolution for BTC price. Bitcoin (BTC) reduced its narrow trading range even further into April 8 as risk assets waited for fresh catalysts.  BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Hopes for BTC price "impulse" to follow sideways action Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hovering near $28,000 on Bitstamp. The pair continued sideways behavior into the weekend after the Wall Street trading week offered few surprises. Despite calls for $25,000 and $30,000 to enter as near-term targets, increasing order book liquidity either side of spot price appeared to offer the market increasingly little room for maneuver. This liquidity remained in force on the day, with monitoring resource Material Indicators capturing the phenomenon on the Binance order book. “If you think ANY price target for BTC, ETH, DOGE or a...