Bitcoin Price Capitulates: Retest or Breakout?
In this morning's Bitcoin price watch piece, we highlighted the levels we were looking at in the Bitcoin price for today's session, and suggested we would look to get in on any breakout volatility-dependent upon whether the action allowed us to maintain a positive risk/reward profile. Action has now matured, and as we head into tonight's Asian session, what are the levels we are looking at this evening, and how can we look to get in and out of the markets according to our intraday strategy? As ever, take a glance at the below chart to kick things off, and to gain a little insight into how....
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Earlier today, in the first of our twice-daily Bitcoin price watch pieces, we documented the breakout above $400 we saw last night. Traditionally, strong psychological levels (such $100, $200, $500, $1,000 etc.) will initiate the kind of volatility we saw on the break, and when they are broken to the upside, will often retest as support. Conversely, but similarly, when a key level breaks to the downside, it will often retest as resistance. In this instance, however, we've not seen this retest. Price has stayed buoyant despite the inevitable run of profit taking, and this suggests there is....
The Bitcoin price action was marked by ups and downs in the just concluded week, serving as a reminder of the volatile nature of the digital asset. According to price data, Bitcoin has just completed a retest of the downward sloping trendline that has limited its price rallies since March. Related Reading: Bitcoin Breaks $73,000, Yet Google Searches Stay Stagnant—Is Hype Fading? As analyst EGRAG CRYPTO pointed out, the only thing left is for a complete body closure on the weekly timeframe. This closure will be pivotal in determining the next phase of Bitcoin’s price action,....
Crypto analyst Basic Trading has revealed that the Dogecoin price is confirming a final retest before a potential move to the upside. In line with this, he revealed price levels to watch for as DOGE eyes a bullish breakout. Levels To Watch For As Dogecoin Price Confirms Final Retest In a TradingView post, Basic Trading highlighted $0.2, $0.5, and $5 as the levels to watch out for as the Dogecoin price confirms a final retest. This came as the analyst noted that market participants are about to witness a textbook ‘break and retest’ for Dogecoin. Alluding to the monthly chart, the analyst....
Dogecoin’s price is entering a new bullish phase after months of decline. Technical analysis of the daily candlestick timeframe chart shows that the popular meme cryptocurrency is flashing a trend reversal, hinting at a significant shift from bearish to bullish momentum. Analyst Flags Daily Trend Reversal On Dogecoin Chart A prominent crypto analyst known as Trader Tardigrade has highlighted a confirmed trend reversal for Dogecoin. In a post on X (formerly Twitter) this week, he pointed out that DOGE’s daily chart has flipped from a downtrend to an uptrend. This claim is reinforced....
XRP’s price movement has been highlighted by a rejection at $2.35, followed by a bounce at $2.15. This initial rejection follows a brief rally in the last week of April, which, interestingly, saw it break above a downward-sloping resistance trendline that has defined its structure since early January 2025. However, the rejection has since been followed by a retest of this trendline, but this pullback is seen as a setup for a potential breakout to levels above $4 rather than an outright rejection. Trendline Breakout In Focus With Swing Failure Pattern According to a technical analysis....