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Bitcoin Retests 50-Day Average Support; XRP Risks Dogecoin-Like Bearish Shift in Momentum

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. There is an old saying, “Once is a chance, twice is a coincidence, and a third time is a trend.” It applies to bitcoin BTC$104,784.16 …

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Bitcoin’s 50-Day Average Hits Record High, but There’s a Catch

The widely tracked 50-day simple moving average of bitcoin’s BTC$104,936.31 price is giving off mixed signals. The measure hit a record high, climbing into six figures for the first time in a sign of the broader bullish outlook for the leading …

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Shiba Inu Breaks High-Volume Support, PepeCoin Fails to Top 200-Day Average

Memecoins Shiba Inu (SHIB) and PepeCoin (PEPE) have disappointed bulls over the past 24 hours, suggesting a risk-off mood in the broader crypto market. SHIB experienced significant price volatility, reaching a peak of 0.00001336 before declining to 0 …

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Massive Bitcoin Bull Run Ahead? Two Chart Patterns Mirror BTC’s Rally to $109K

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Crypto bears might want to closely watch bitcoin’s (BTC) recent chart patterns, which mirror those that preceded the late 2024 rally from $70,000 to …

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Bitcoin Runs Into Resistance Cluster Above $88K. What Next?

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole. Bitcoin’s (BTC) bullish advance has encountered a resistance zone above $88,000, marked by crucial levels that could make or break the ongoing …

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