Bitcoin analysis includes multiple factors:
1. Technical Analysis (Price Trends)
Key Levels: Support, resistance, moving averages (e.g., 50-day/200-day).
Indicators: RSI (overbought/oversold), MACD (momentum), Fibonacci retracements.
Recent Trends: Check for patterns (bullish/bearish flags, wedges).
2. Fundamental Analysis
Adoption: Growing institutional interest, global regulatory updates.
Halving Cycle: The next halving (2024) reduces supply, historically bullish.
Macroeconomic Factors: Inflation, interest rates, USD strength.
On-Chain Metrics:
Active addresses, transaction volume.
Exchange inflows/outflows (selling vs. holding trends).
3. Market Sentiment
Fear & Greed Index (investor emotions).
Social media and news trends.
4. Risks
Volatility, regulatory clampdowns, and competition from other assets (e.g., Ethereum).
For live, detailed analysis, reviewing real-time charts and on-chain data is critical.