Dogecoin Chart Pattern Suggests Volatility Explosion Ahead
A technical analysis indicator called Bollinger bandwidth suggests dogecoin’s unusual calm could soon end with a pronounced move in either direction.
Technical Analysis
Bitcoin Chalks Out ‘Head and Shoulders’ Pattern Ahead of U.S. Nonfarm Payrolls: Valkyrie Investments
Although not classically meeting the textbook criteria of a head and shoulders, price action since March 19 has painted an extreme high with flanking lower highs, Valkyrie’s analysts said.
Bitcoin, Ether Could Face Risks From Potential Short Squeeze in Dollar Index, QCP Capital Says
The U.S. dollar has been heavily shorted since early October in hopes for a so-called dovish Fed pivot and looks ripe for a short squeeze, a move higher driven by unwinding of bearish positions. Bitcoin tends to move in the opposite direction of the dollar.
Ether-Bitcoin Ratio Likely to See Deeper Decline After Shapella Upgrade: QCP Capital
Ether has underperformed bitcoin in the lead up to the Shapella upgrade, resulting in a 13.7% year-to-date decline in the ETH/BTC ratio.
Bitcoin Breakout Has Put $28K in Cross Hairs
Bitcoin’s swift move above a resistance dating back to August 2022 has strengthened the case for a continued rally.