In recent days, $BTC has been experiencing significant fluctuations, with the price rising and falling in a movement that reflects market indecision. This volatility can be explained by technical factors and investor behavior. On the daily Dominance chart of
(BTC.D), we see a drop. This movement is positive for altcoins, which are demonstrating greater performance compared to Bitcoin. This situation could mark the beginning of Altseason, when altcoins tend to outperform BTC in gains.
$BTC has seen significant movements in recent days. On 06/01/2025, the market reached the $102,880 mark, but suffered declines on 07/01 and 08/01, with the price reaching $92,500. This pullback is common in the market and serves to liquidate overly optimistic positions, offering good opportunities for conscious investors.
Market Sentiment Index
On the 4-hour chart, the support at $92,500 has almost reached the oversold level on the Relative Strength Index (RSI), indicating exhaustion of sellers. This scenario could open up space for a recovery in the short term.
The market faced a Flush (rapid drop) today (01/07/2025), taking some cryptocurrencies to oversold levels in the RSI (Relative Strength Index) on the 4-hour chart, opening up good opportunities for trades and swing trades.
The first altcoin we can analyze is
which on the 4-hour chart, reached an oversold level on the RSI, but the selling volume lost strength.
ONE 4 hour chart
On the 1-Day chart, the crypto is looking for a new price base to resume the upward movement.
Currently, altcoins $AR and ALICE are signaling an opportune moment to take a short trade. Looking at the 4-hour chart, we can see an ascending wedge (a pattern that tends to break downwards), and at this moment its price is at the same value as the 200-period average, price resistance.
AR 4hr chart
ALICE 4hr chart
Furthermore, it is possible to observe that the purchase volume is decreasing, which confirms a future price drop and the RSI (Relative Strength Index) is approaching the overbought level.
Market analysis: 8 Currencies with Great Potential.
The market is experiencing a slight correction after BTC reached a new all-time high. This correction is common before the Halving period, and Altcoins are the most affected. However, this situation may represent a great opportunity for new investments or re-entries into certain assets. An example is $XEC , which is currently at support on the weekly chart (1W). Furthermore, we observed that on the 4-hour (4H) chart the Relative Strength Index (RSI) indicator reached the oversold level (30), suggesting the possibility of a price base forming.
The market today is experiencing a slight decline, however, this could represent an excellent opportunity for new investments in certain assets. One example is the coin $ALICE , which is showing signs of forming a possible price base at the moment, as evidenced by the Relative Strength Index (RSI) indicator reaching the oversold level on the one-hour (1H) chart.
On the daily chart (1D), we observe that the asset found support at the 26-period Exponential Moving Average (EMA), which may indicate a good entry point.
Altcoins are performing remarkably well at the moment, with many of them recording huge gains. However, some of these currencies have not yet seen a significant increase, although they are showing signs of a positive trend. One example is XRP. XRP is currently on the edge of a falling wedge, a pattern that tends to result in an upward breakout. This pattern can be identified on the daily chart of the XRP/USDT pair. Additionally, the Relative Strength Index (RSI) suggests an uptrend as it is above level 50. Another favorable indicator is that the price is above the 12- and 26-period moving averages (blue and green lines respectively), and It is currently breaking the 200-period moving average (red average).
HBAR $HBAR is on an upward trajectory and there are indications that this movement will continue. On the weekly chart, we are completing the formation of the "Cup and Handle" pattern, which has a high probability of continuation. At this moment, we have broken the resistance at the mouth of the cup, and the Relative Strength Index (RSI) indicator suggests an upward scenario by being above level 50, without indicating overbought conditions.
On the four-hour chart, we have already identified our support in relation to the weekly chart, as the RSI has reached the oversold level (30). When we are in an uptrend and the oversold level is reached on the four-hour or twelve-hour chart, this indicates the establishment of a new price base for the asset. This suggests that the appreciation potential for $HBAR could be quite significant.
Solana $SOL is starting a new appreciation cycle, but this is just the beginning. We can notice on the daily chart (1D) the formation of new rising peaks and rising bottoms.
On the hourly chart (1H), we can see that we have just reached the oversold level (30) on the Relative Strength Index (RSI) indicator, indicating that we have found our rising bottom on the daily chart (1D).
However, we are only in the early stages of this new cycle. On the weekly chart (1W), the formation of a pattern known as "Cup and Handle" is evident, and we are close to breaking resistance at the mouth of the cup. This pattern usually results in a significant appreciation of the asset, and as it is forming on Solana's weekly chart, we can expect a significant appreciation of this asset.
Bitcoin Analysis: Resistance Breakout and Price Projections
Bitcoin is about to break its $49,000 resistance, which could take it to the next barrier around $50,000. However, this resistance is more of a psychological issue, since, in fact, on the chart there is no precise resistance at 50,000, but rather at 52,000 dollars. However, it is common in the market to find psychological barriers in round numbers, as is the current case.
It is believed that with BTC breaking through this impending resistance, we could quickly reach $52,000 and then see price consolidation for a period, allowing the Relative Strength Index (RSI) indicator to stabilize. The price is expected to fluctuate between 52 and 48 thousand dollars before reaching the 60 thousand dollars mark.
BTC Analysis: Resistance, Correction and Potential Movements
Bitcoin $BTC is currently facing significant resistance at $47,000/47,350. However, when looking at the daily chart (1D), we notice that the Relative Strength Index Indicator (RSI) is at level 70 (overstressed), which suggests the possibility of a small correction towards the $45,000 support. This correction is considered healthy for the market and does not change the upward trend.
On the weekly chart (1W), we also note that the RSI is at a fairly elevated level, but it is important to consider that on previous occasions when the RSI reached these levels, the market continued to gain strength, resulting in a further increase of 42 % before a correction. If this pattern repeats, we could look for values between 60,000 and 62,000 dollars.
Technical Analysis: Atom Breaks Pattern and Establishes Price Base
ATOM $ATOM has just broken out of a pattern on the 4-hour (4H) chart. In the visual representation of this period, it is possible to observe the breakout of a descending wedge, suggesting that the price base was established on the daily chart (1D). This finding can be confirmed by analyzing the Relative Strength Indicator (RSI), which has reached the oversold level.
On the daily chart (1D), support at $8,934 is evident, confirming the oversold level of the RSI on the 4-hour chart. Therefore, it is noticeable that a price base has already been formed on this Altcoin.
Bitcoin Close to Breaking Patterns: Implications for the Bull Market
Bitcoin is about to break out of a pattern on the 4-hour (4H) chart. In the visual representation, it is possible to identify a symmetrical triangle, indicating that $BTC is approaching a breaking point.
On the daily chart (1D), we observed that this would imply a break in the equilibrium pattern. This pattern works like a spring, which, when compressed and released, releases all of its accumulated energy. This scenario has the potential to lead BTC to leave its current price range of 41/43 thousand dollars, which could result in a significant appreciation of altcoins as well.
Start of Black Friday: Cryptocurrencies Fall in the Dawn
This morning (01/February/2024), we witnessed a notable drop in Bitcoin and, mainly, in Altcoins. However, these value reductions present interesting opportunities for new buying positions.
XRP $XRP , for example, is in a bearish channel/descending wedge on the daily chart (1D) - interpretation varies depending on the starting point of the trend line. This chart pattern has a higher probability of an upward breakout. Even with the news of a hack on one of the company's XRP accounts, the chart continued to respect the pattern.
Algorand (ALGO): Growth Powers and Perspectives in an Evolving Market
The Algorand (ALGO) $ALGO coin seeks to integrate traditional and decentralized finance models, collaborating with banks and companies to create their own blockchains. Currently, already consolidated with a market capitalization of $1.35 billion, it highlights its presence in the market, but also suggests ample room for expansion.
Technical analysis: On the weekly chart (1W), ALGO/USDT is outlining the "Cup and Handle" pattern, indicating a potential bullish move. At the moment, the approach to the bottom of the cup handle suggests a ripe opportunity for buyers to enter, supported by solid price support at the Fibonacci level 0.618 ($0.1517).
Trends and Opportunities: An In-Depth Analysis of AR Cryptocurrency and Market Outlook
Arweave is a platform that seeks to preserve files permanently across a distributed network of computers. What distinguishes it from its competitors is its commitment to ensuring data permanence, using exclusive incentives linked to its cryptocurrency, AR.
In technical analysis, we identify on the daily chart (1D) the formation of an ascending triangle, a pattern with a high probability of an upward breakout. We are currently close to the base of this triangle, indicating that it is a suitable point for purchase and support for buyers.
Bitcoin on the Rise: US GDP Analysis and Chart Patterns Point to a Positive Trend
Bitcoin experienced a 5% increase yesterday, boosting the entire cryptocurrency market. One of the main catalysts for this movement was the announcement of the American GDP result. According to data from the Bureau of Economic Analysis (BEA), compared to the last quarter of 2022, economic activity in the US grew 3.1%. In the last 12 months, North American GDP growth accelerated from 1.9%, in 2022, to 2.5%, in 2023, according to information from the BEA.
In terms of technical analysis, on the daily chart (1D), we observe the formation of an Inverse Shoulder-Head-Shoulder (OCOI) pattern, which has the highest probability of reversing the downtrend into an upward movement. And what is this downward movement? Well, on the daily chart, on January 11th, we reached the value of 48,916.45 per unit of BTC, after which a correction, a small drop, occurred.
Missed out on buying the Bitcoin $BTC dips? Now the question arises where to position yourself for a strategic entry? The most effective approach would be to wait for the next higher low on the daily chart. Right now, we are moving towards an Inverse Head and Shoulders (H&S) pattern. The most opportune re-entry will occur at the low of the right shoulder.
Bitcoin on the Rise: US GDP Analysis and Chart Patterns Point to a Positive Trend
Bitcoin experienced a 5% increase today, boosting the entire cryptocurrency market. One of the main catalysts for this movement was the announcement of the American GDP result. According to data from the Bureau of Economic Analysis (BEA), compared to the last quarter of 2022, economic activity in the US grew 3.1%. In the last 12 months, North American GDP growth accelerated from 1.9%, in 2022, to 2.5%, in 2023, according to information from the BEA.
In terms of technical analysis, on the daily chart (1D), we observe the formation of an Inverse Shoulder-Head-Shoulder (OCOI) pattern, which has the highest probability of reversing the downtrend into an upward movement. And what is this downward movement? Well, on the daily chart, on January 11th, we reached the value of 48,916.45 per unit of BTC, from which a correction occurred after reaching this price (a small drop).
GALA: Legal Challenges and Price Decline - An In-Depth Analysis of the Current State.
GALA $GALA is a utility cryptocurrency, as its holders can use it to access the services offered by Gala Games. However, news negatively impacted this token.
On August 31, Gala co-founders Wright Thurston and Eric Schiermeyer filed lawsuits against each other in Utah District Court. Representing Gala, Schiermeyer, who also serves as the company's CEO, alleged that in early 2021, Thurston and his investment firm, True North United Investments, misappropriated approximately $130 million in holdings from a token linked to the Gala Games ecosystem.