Bitcoin Holding Above Gaussian Channel, Bull Market Structure Still Intact
Bitcoin is trading around $107,000 after its recent flash crash, maintaining stability to prevent further decline but is yet to return to trading above $110,000. Notably, popular crypto analyst Titan of Crypto shared a detailed Gaussian Channel analysis on X that points to Bitcoin’s macro bull structure remaining intact despite short-term volatility. His post, which was accompanied by a Bitcoin price chart, shows how Bitcoin’s position relative to the Gaussian Channel offers a clear view of the ongoing cycle. Related Reading: Michael Saylor Issues Rally Cry To Bitcoin Army: “Starve The....
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Back in December 2024, the Dogecoin price entered the Gaussian Channel following a sharp decline in price as Bitcoin suffered multiple crashes. However, even though the entry was triggered by bearish forces, Dogecoin’s entry into the Gaussian Channel was bullish and showed a tendency to recover quickly from dips. This is because the Gaussian Channel can act as a bounce-off point to possibly send DOGE soaring toward new all-time highs. Dogecoin Gaussian Channel Flashes Green Over the last few weeks, the Dogecoin price has been trending in the Gaussian Channel, showing evidence of....
The Dogecoin price slump might be over very soon, according to a little-known but important indicator called the Gaussian Channel (GC). As recently noted by a crypto analyst known pseudonymously as Trader Tardigrade, the Gaussian Channel recently flashed green on the DOGE weekly chart, suggesting the crypto could surge to the upside for the next wave. DOGE’s Gaussian Channel Flashes Bullish Green The Gaussian Channel is a comparatively less well-known technical indicator among crypto experts, in contrast to other famous technical indicators such as moving averages, RSI, and MACD. The....
Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact. This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures. Related Reading: Dogecoin Whales Go On A 110-Million Memecoin Buying Spree—What’s Next For DOGE?....
Bitcoin’s price is continuing its upward trend. This confident growth could be persistent on the long-term scale. Will the price reach $600? The upward trend continues. The upward structure remained intact, as there was no turn at the key resistance line of $512.7. That has caused a new upward surge. So far, the situation indicates that the bulls are holding the advantage, but one should closely monitor the future structure of that movement. Because the upward trend has remained intact, its key levels have shifted. The new point where most traders could become active is $554.7. That....
Over time, the Ethereum price has been trending sideways with no definitive move in either direction. This trend has led to the formation of an ascending channel that could change the course of things for the second-largest cryptocurrency by market cap. If this trend continues to play out, then it is possible that the Ethereum price is about to see new all-time highs. Why Ethereum Price Could Be Headed Above $5,000 Crypto analyst Jonathan Carter shared an analysis on the X (formerly Twitter) website that takes a look at the Ethereum price and what the current trend could mean for the....