Bitcoin hits a wall – the chart just challenged the $88,000 bull case
The price action is sending a clear warning signal that analysts’ optimism may be running ahead of itself.
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Technical Analysis
The price action is sending a clear warning signal that analysts’ optimism may be running ahead of itself.
The recent price action echoes the November–January pattern, showing weak conviction among the “buy the dip” crowd.
The most common mistake is relying on a single indicator. While technical analysis focuses on price action and chart patterns, you should also consider the impact of fundamental events, such as regulatory changes, major partnerships, technological updates, possible black swans, and hacks. Making decisions without considering the broader market context. You should never feel overconfident and you must use a […]
BONK rallied 9% in a volatile session, testing resistance at $0.000024 even as newer meme tokens gained attention.
The CoinDesk Memecoin Index (CDMEME) rose more than 11% in the week, outperforming bitcoin’s 1.4% move.
Alex Krüger says recent liquidations and scary charts could set up a bullish rebound, though conviction trends may wait until after the Fed’s Sept. 17 decision.
FIL trading volume was 75% above 30-day averages, signaling heightened institutional interest.
Support has formed in the $4.38-$4.41 zone, with resistance at $4.50.
The AAVE price jumped 19% to $355.29 as following Aave going live on Aptos, Jerome Powell’s dovish comments on Friday and a rumor about Aave’s alleged exposure to the WLFI token.
The advance occurred alongside a strong day for broader crypto markets.