Bitcoin had a relatively nonvolatile week in regards to price. Other than a short-lived draw down towards the end of the week, the “open” and “close” for the asset were nearly the same. BTC sits at 49k at the time of writing this article. We see that long-term holders now…

This week Bitcoin continued a steady climb in price at a healthy pace. This price appreciation came amidst a flash of negative news for the cryptocurrency space. The news is a result of the $1.2 trillion infrastructure bill that was passed by the Senate earlier in the week. The package…

It is safe to say that Bitcoin is back. Over the past week, BTC saw a high of nearly 45k with a low of roughly 37.5k. From a technical analysis perspective, a breakout to the 50k range is a possibility in the not-so-distant future. What sets this price appreciation apart…

This week Bitcoin finally saw some price action that was consistent with the overall on-chain metrics. For several months, on-chain metrics had been showing massive amounts of accumulation from long-term holders, but it was not reflected in the price of BTC. At the time of writing, price is at over…

After weeks of ranging, Bitcoin finally broke free. Two months of BTC trading between roughly 30k-40k resulted in the asset dropping below support, to around 29.5k. This may not seem like a huge deal to the average retail trader, but that slight movement down may be a precursor for new…

This week, the price of Bitcoin made a gradual decline. It began the week at nearly 34.5k, then spent much of the week in the 31.5k range. A lack of sharp price action, paired with the inability to breach support or resistance of 30k–40k only adds to the “price squeeze”…

This week’s price action for Bitcoin was non-volatile by Bitcoin’s standards. With a weekly high of nearly 36k and a low of well over 32k, it was a fairly uneventful week price-wise. BTC is now approaching 2 months of trading roughly in the same range. This week's technicals showed that…

This week’s price action for Bitcoin remained in the 30k-40k range. This is no surprise, as it has been the case for nearly 6 weeks at this point. Other than a few blips on the radar (such as the 29k drawdown for a matter of minutes), BTC has been essentially…

Strong Hands vs Miners

This week’s price action for Bitcoin saw resistance of nearly 36k. The asset even traded below 29k for a matter of minutes on Tuesday. This was the lowest level Bitcoin had seen since January 2021. After a strong rebound from this dip, Bitcoin remained steady throughout…

This week’s price action for Bitcoin saw a test of last week’s resistance of 40k. In fact, Bitcoin even reached a recent high of well over 41k on Tuesday. The price returning to the 37k-38k range comes as a surprise when taking into consideration the price action above previous support…

Adam Gotelli

Co-Founder of Cryptology

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