Resistance

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. About two weeks ago, I discussed bitcoin’s (BTC) bullish breakout above a technical resistance called the Ichimoku cloud and potential for a rally …

In markets, securing the best entry point is often half the battle, as timing and level significantly influence success by skewing the risk-reward ratio in traders’ favour. While bitcoin’s (BTC) near-term outlook may appear constructive with …

The breakout and re-test play has its roots in behavioral aspects of trading and investing.

Trendline drawn off BTC’s April and November 2021 highs signals resistance at around $90,000.