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Time now: Jun 1, 12:00 AM

BEST CRYPTO TECHNICAL ANALYSIS BY CAPITAL STREET FX

Daily Crypto Analysis – Bitcoin, Ethereum surge, Chainlink mystery.​


Introduction​

Bitcoin sustains its uptrend as Chinese investors shift from the local market to US-focused ETFs. The price remains within the upper Bollinger Indicator range, potentially making a 5% move upwards to surpass the $43,750 hurdle. Ethereum gears up for gains with the Dencun upgrade on the Holesky testnet, while Uni-swap sees a 4.49% increase in the last 24 hours. A mysterious buyer acquires $42 million in Chainlink (LINK) tokens, sparking speculation and driving the cryptocurrency’s surge.

Markets In Focus Today – BITCOIN​

Bitcoin Price Sustains An Uptrend As Chinese Investors Stampede Out Of The Local Market In Favor Of US-Focused ETFs.

Bitcoin price is trading horizontally, trapped within the upper range of the Bollinger Indicator.BTC could make a 5% move north soon to clear the $43,750 blockade as volatility increases. A strong break and close below the center-line of the Bollinger at $41,880 would invalidate the bullish thesis.ETF specialist Eric Balchunas highlights how Chinese investors are flocking to the US ETF market. Bitcoin’s (BTC) price continues to sustain its bullish outlook, holding above a key support level. Among other drivers, the spot BTC exchange-traded fund (ETF) theme continues to drive markets even as the investor countdown to the halving event continues.

Technical Overview With Chart :

24-02-07_21-34-31_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 43262.1597 | Positive Crossover | Bullish
  • MA 20 : 42887.8580 | Positive Crossover | Bullish
  • MA 50 : 42343.4271 | Positive Crossover | Bullish

Simple :

  • MA 10 : 43206.8140 | Positive Crossover | Bullish
  • MA 20 : 42223.8335 | Positive Crossover | Bullish
  • MA 50 : 43076.1382 | Positive Crossover | Bullish
RSI (Relative Strength Index): 61.6088 | Buy Zone | Bullish

Stochastic Oscillator : 91.3043 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 44614.62 | Take Profit: 45515.19 | Stop Loss: 43372.90

ETHEREUM​


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Daily Crypto Analysis – Bitcoin hits $46.2K, Ethereum $2,400.​


Introduction​

Bitcoin surges, marking a new high in crypto market capitalization since January 12, surpassing $1.75 trillion. Bitcoin’s recent 10% gain, reaching $46.2K in four days, draws attention to its potential to break previous highs. Cardano (ADA) anticipates a 30% climb with a break above $0.5410, while Ethereum hits $2,400 fueled by ETF anticipation. XRP faces a potential decline below $0.50 amid uncertainty over an XRPLedger AMM amendment. Market dynamics suggest a revival, altering the outlook for Cardano and Ethereum.

Markets In Focus Today – BITCOIN​

Bitcoin Rises Ahead Of Schedule.

The crypto market capitalization has hit new highs since 12th January, passing the $1.75 trillion mark. The market has confidently moved into a state of greed, which we also last saw a month ago. Last month’s corrective pullback and early February’s consolidation have helped gather strength for a real breakout. Bitcoin has gained almost 10% in the last four days to trade at $46.2K. All eyes are now on whether BTCUSD can break above the previous highs from which it pulled back shortly after the initial reaction to the launch of spot ETFs.

Technical Overview With Chart :

24-02-09_03-03-29_BTCUSD.png

Moving Averages :

Exponential :

  • MA 10 : 44025.5288 | Positive Crossover | Bullish
  • MA 20 : 43329.9591 | Positive Crossover | Bullish
  • MA 50 : 42548.5755 | Positive Crossover | Bullish

Simple :

  • MA 10 : 43669.4930 | Positive Crossover | Bullish
  • MA 20 : 42517.1160 | Positive Crossover | Bullish
  • MA 50 : 43150.4340 | Positive Crossover | Bullish
RSI (Relative Strength Index): 70.4534 | Buy Zone | Bullish

Stochastic Oscillator : 97.4049 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 45760.44 | Take Profit: 47362.01 | Stop Loss: 44781.71

CARDANO​


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Weekly Crypto Analysis – Bitcoin $47K, Ethereum $2.4K, Cardano bullish.​


Introduction​

Cryptocurrency stocks surge as Bitcoin surpasses $47,000, pushing the crypto market capitalization beyond $1.75 trillion. After a month of corrections, Bitcoin’s 4.5% rise signals renewed market optimism. Ethereum hits $2,400 with ETF anticipation and 25% staking reducing selling pressure. XRP faces uncertainty with an AMM amendment, while Cardano’s potential 30% surge is anticipated amid a market revival, breaking a descending triangle at $0.5410. The crypto landscape is evolving, showcasing signs of recovery.

Markets In Focus Today – BITCOIN​

Crypto Stocks Leap As Bitcoin Crosses $47,000.

Bitcoin (BTC) crossed the $47,000 mark on Friday for the first time in almost a month, pushing crypto-related stocks into the green ahead of the stock market open. The leading cryptocurrency rose 4.5% in the past 24 hours, sitting at around $47,300 at the time of writing. The crypto market capitalization has hit new highs since 12th January, passing the $1.75 trillion mark. The market has confidently moved into a state of greed, which we also last saw a month ago. Last month’s corrective pullback and early February’s consolidation have helped gather strength for a real breakout.

Technical Overview With Chart :

24-02-09_23-07-02_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 44664.8142 | Positive Crossover | Bullish
  • MA 20 : 43733.5166 | Positive Crossover | Bullish
  • MA 50 : 42746.0413 | Positive Crossover | Bullish

Simple :

  • MA 10 : 44170.8670 | Positive Crossover | Bullish
  • MA 20 : 42816.5615 | Positive Crossover | Bullish
  • MA 50 : 43220.9448 | Positive Crossover | Bullish
RSI (Relative Strength Index) : 71.9283 | Buy Zone | Bullish

Stochastic Oscillator : 88.5202 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 46150.40 | Take Profit: 48924.02 | Stop Loss: 44385.37

ETHEREUM​


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Daily Crypto Analysis – Bitcoin, XRP, Dogecoin, and Chainlink surge ahead.​


Introduction​

Bitcoin experiences a substantial rally, marking its most significant weekly surge in four months, reaching one-month highs. Analysts attribute the surge to increased buying activity ahead of April’s halving event and a slowdown in ETF outflows. Meanwhile, XRP faces a slight dip as the SEC v. Ripple lawsuit nears the end of the discovery phase, with potential resolution as early as 2024. Dogecoin anticipates double-digit gains, breaking a declining trend line, while a Chainlink whale accumulates $84 million worth of LINK, sparking speculation of a potential surge in the cryptocurrency’s price.

Markets In Focus Today – BITCOIN​

Bitcoin Surges In Biggest Weekly Rally In Four Months.

Bitcoin rose to one-month highs, powered by what analysts said was a flurry of buying ahead of April’s halving event and as recent outflows from exchange-traded funds slowed. BTC/USD longs had a splendid week. The major crypto has added an eye-watering +10.7%. Bitcoin hit a two-year high just above $49,000 in January but has since trended lower, under pressure from a “sell the news” wave of profit-taking after the Securities and Exchange Commission finally approved the ETFs.

Technical Overview With Chart :

24-02-11_22-55-00_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 45819.8409 | Positive Crossover | Bullish
  • MA 20 : 44541.3564 | Positive Crossover | Bullish
  • MA 50 : 43165.7998 | Positive Crossover | Bullish

Simple :

  • MA 10 : 45187.0510 | Positive Crossover | Bullish
  • MA 20 : 43662.7295 | Positive Crossover | Bullish
  • MA 50 : 43401.9354 | Positive Crossover | Bullish
RSI (Relative Strength Index): 72.5472 | Buy Zone | Bullish

Stochastic Oscillator : 92.9737 | Neutral Zone | Neutral

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 47324.88 | Take Profit: 48810.05 | Stop Loss: 46433.79

RIPPLE​


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Daily Crypto Analysis – Bitcoin hits $50K, XRP up 5%, Cardano inflows soar.​


Introduction​

Bitcoin breaks the $50,000 mark for the first time in over two years, potentially aiming for the psychological level of $60,000. However, caution is urged due to overbought conditions. Meanwhile, XRP sees a 5% weekly gain, reaching $0.5380, driven by a potential settlement in the SEC v. Ripple lawsuit. Cardano witnesses an extraordinary 1,016% increase in fund inflows, while Ethereum rallies over 5%, eyeing levels near $2,700 with the prospect of further gains.

Markets In Focus Today – BITCOIN​

Bitcoin Hits $50k Level For The First Time In More Than Two Years.

Bitcoin price has nicked the $50,000 target, levels last tested on December 28, 2021.BTC could extend the gains to clear the $60,000 psychological level, last tested on November 21, 2021. Caution is advised as BTC is already massively overbought with the RSI reading well above 70. Bitcoin’s (BTC) price revisited the late 2021 highs on Monday, a move that passes as a milestone for the BTC community. It comes ahead of the halving event and therefore sates the pace for what could kickstart the next bull cycle in the cryptocurrency market.

Technical Overview With Chart :

24-02-13_01-19-26_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 46876.0334 | Positive Crossover | Bullish
  • MA 20 : 45232.4102 | Positive Crossover | Bullish
  • MA 50 : 43508.5833 | Positive Crossover | Bullish

Simple :

  • MA 10 : 46083.1990 | Positive Crossover | Bullish
  • MA 20 : 44257.4655 | Positive Crossover | Bullish
  • MA 50 : 43566.6838 | Positive Crossover | Bullish
RSI (Relative Strength Index): 78.8759 | Buy Zone | Bullish

Stochastic Oscillator : 96.0546 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47387.2295 R2 : 49860.6039
  • S1 : 39380.2039 S2 : 36906.8295

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 48931.72 | Take Profit: 50429.87 | Stop Loss: 48105.15

RIPPLE​


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Daily Crypto Analysis – Crypto markets uncertain amid inflation fears.​


Introduction​

“Bitcoin’s brief ascent to the $50,000 milestone faces challenges as US CPI inflation data points to persistent inflationary pressure, triggering potential price drops. Ethereum eyes a 10% gain, but caution emerges with signs of falling momentum. Ripple reveals crypto custody plans amidst XRP’s sideways trading, while Chainlink hits a one-year high above $20 fueled by increased DeFi adoption and network activity.”

Markets In Focus Today – BITCOIN​

Bitcoin Price $50,000 Milestone Short-Lived As US CPI Inflation Signals Persistent Inflationary Pressure.

Bitcoin price shocked the market, hitting the $50,000 milestone after two years. BTC could drop 5% into the supply zone turned bullish breaker or confirm an extended fall below $45,554. A higher high above the $50,368 range would invalidate the bearish thesis, bringing $60,000 into focus. US CPI inflation in January printed at 3.1% every year, above the 2.9% market expectation. Bitcoin’s (BTC) price has repelled the $50,000 milestone. The retraction follows the US CPI inflation data, which signaled persistent inflationary pressures.

Technical Overview With Chart :

24-02-14_03-06-22_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 47621.5930 | Positive Crossover | Bullish
  • MA 20 : 45776.7299 | Positive Crossover | Bullish
  • MA 50 : 43799.5841 | Positive Crossover | Bullish

Simple :

  • MA 10 : 46911.3480 | Positive Crossover | Bullish
  • MA 20 : 44804.1700 | Positive Crossover | Bullish
  • MA 50 : 43733.3678 | Positive Crossover | Bullish
RSI (Relative Strength Index): 80.4816 | Buy Zone | Bullish

Stochastic Oscillator : 94.2667 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47387.2295 R2 : 49860.6039
  • S1 : 39380.2039 S2 : 36906.8295

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 50011.09 | Take Profit: 51626.22 | Stop Loss: 49008.60

ETHEREUM​


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Daily Crypto Analysis – Bitcoin hits $52K, Ethereum eyes $3K.​


Introduction​

Bitcoin marks a new range high, surpassing $50,000 and reaching $52,043, while SEC Chair Gary Gensler emphasizes the economic distinctions between BTC and the US Dollar. BTC’s upward momentum may lead to a 5% climb to $55,000, with bulls dominating the market. Ethereum (ETH) eyes a 7% surge to $3,000 if it maintains bullish momentum. XRP hits $0.5590 amid Bitcoin’s rally, with increased trade volume and a pro-Ripple response to Gensler’s comments. Dogecoin (DOGE) experiences a 7.5% surge, reclaiming its top 10 position, and surpassing Chainlink in market capitalization.

Markets In Focus Today – BITCOIN​

Bitcoin Price Posts A New Range High As Gensler Details The Economic Difference Between BTC And The US Dollar.

Bitcoin price put the $50,000 milestone behind it after recording an intraday high of $52,043 on Wednesday.BTC could extend the climb by 5% to $55,000 amid rising momentum and a strong presence of bulls in the BTC market. The bullish thesis will be invalidated if the apex crypto breaks and closes below $45,554.Appearing on CNBC, SEC Chair Gary Gensler said Bitcoin is not decentralized, calling it a token of choice for ransomware. Bitcoin’s (BTC) price remains northbound, pushing to higher highs as holders keep their profit appetite in check. Meanwhile, Gary Gensler has drawn a line separating BTC from other currencies.

Technical Overview With Chart :

24-02-15_02-49-57_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 48578.2931 | Positive Crossover | Bullish
  • MA 20 : 46458.6635 | Positive Crossover | Bullish
  • MA 50 : 44159.2752 | Positive Crossover | Bullish

Simple :

  • MA 10 : 47943.0210 | Positive Crossover | Bullish
  • MA 20 : 45361.2990 | Positive Crossover | Bullish
  • MA 50 : 43923.6724 | Positive Crossover | Bullish
RSI (Relative Strength Index): 82.3780 | Buy Zone | Bullish

Stochastic Oscillator : 96.4489 | Buy Zone | Positive

Resistance And Support Levels :

  • R1 : 47387.2295 R2 : 49860.6039
  • S1 : 39380.2039 S2 : 36906.8295

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 50489.36 | Take Profit: 53470.55 | Stop Loss: 48863.25

ETHEREUM​


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Daily Crypto Analysis – Bitcoin, Ethereum surge amid regulation.​


Introduction​

Bitcoin aims for $55,000 despite an overbought state, targeting a crucial barrier at $53,000 within the ascending parallel channel. A 4% extension to $55,000 is plausible as various technical indicators signal bullish momentum. The bullish scenario hinges on maintaining support above $45,554, while Bitcoin’s adversary acknowledges its role in the inclusive financial system. Meanwhile, Chainlink sustains proximity to its 2024 high, with reduced exchange supply and positive network activity. Ethereum rallies towards $3,000, anticipating potential Ethereum ETF approvals. XRP gains nearly 2%, nearing the $0.60 target, as investors await updates on the SEC v. Ripple lawsuit with the potential to revive the $1 level.

Markets In Focus Today – BITCOIN​

Bitcoin $55,000 In Sight Despite Overbought State As BTC Adversary Turns To Coat.

Bitcoin price confronts a crucial barrier, the upper boundary of the ascending parallel channel at $53,000.BTC could extend gains 4% to $55,000 as multiple technical indicators flash bullish. The bullish thesis would be invalidated if the price breaks and closes below the $45,554 mean threshold. Bitcoin’s (BTC) price has its eyes peeled on the $55,000 range after clearing the $50K milestone, with investors demonstrating confidence in the continuation of the intertwined BTC adversary has shocked markets with a bold move to acknowledge BTC as a truly inclusive financial system.

Technical Overview With Chart :

24-02-16_01-19-39_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 49109.1734 | Positive Crossover | Bullish
  • MA 20 : 46935.1059 | Positive Crossover | Bullish
  • MA 50 : 44444.6950 | Positive Crossover | Bullish

Simple :

  • MA 10 : 48778.5650 | Positive Crossover | Bullish
  • MA 20 : 45820.7650 | Positive Crossover | Bullish
  • MA 50 : 44098.8564 | Positive Crossover | Bullish
RSI (Relative Strength Index): 80.8229 | Buy Zone | Bullish

Stochastic Oscillator : 93.2464 | Buy Zone | Negative

Resistance And Support Levels :

  • R1 : 47387.2295 R2 : 49860.6039
  • S1 : 39380.2039 S2 : 36906.8295

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 50046.40 | Take Profit: 52736.02 | Stop Loss: 48313.09

CHAINLINK​


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Daily Crypto Analysis – Bitcoin surpasses $52K, Ethereum nears $2,900.​


Introduction​

Crypto markets witnessed a robust rebound as Bitcoin surged past $52,000, contributing to a $1.99 trillion market cap, marking a 10% increase in a week. Ethereum approached the significant $2,900 level, driven by positive sentiment. XRP stabilized above $0.56 amidst the SEC v. Ripple lawsuit deadline. Chainlink, with large wallet holders withdrawing $216 million worth of LINK from exchanges, experiences potential gains. Cryptocurrency enthusiasts eagerly anticipate Bitcoin’s potential all-time high in March fueled by call option positions and ETF demand.

Markets In Focus Today – BITCOIN​

The Top Crypto Prices Today Saw A Significant Rebound As Bitcoin’s (BTC) Price Surged Past The $52,000 Level.

The crypto market capitalization reached $1.99 trillion, according to CoinMarketCap estimates, an increase of over 10% in one week. Forbes estimates that the $2 trillion mark was reached last week The Bitcoin price rebounded and surpassed $52,000. The Bitcoin price was up by 1.07%, reaching $52,118.02 at the time of writing on Monday, February 19. On the other hand, its trading volume dipped by 15.03% to $18.22 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.02 trillion. Active building of call option positions with strikes of $60K to $80K, as well as fierce demand for ETFs, could push Bitcoin to an all-time high as early as March.

Technical Overview With Chart :

24-02-19_02-32-06_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 50487.7376 | Positive Crossover | Bullish
  • MA 20 : 48289.6095 | Positive Crossover | Bullish
  • MA 50 : 45317.1722 | Positive Crossover | Bullish

Simple :

  • MA 10 : 50753.4790 | Positive Crossover | Bullish
  • MA 20 : 47226.3365 | Positive Crossover | Bullish
  • MA 50 : 44690.2386 | Positive Crossover | Bullish
RSI (Relative Strength Index): 79.5085 | Buy Zone | Bullish

Stochastic Oscillator : 92.1516 | Buy Zone | Negative

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 50345.25 | Take Profit: 52736.02 | Stop Loss: 49090.09

ETHEREUM​


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Daily Crypto Analysis – Navigate crypto’s ups/downs with key insights.​


Introduction​

Bitcoin faces a potential downside as it consolidates below the $52,768 level during the US holiday honoring President Washington. Analysts anticipate a 10% drop to $47,445, a critical Fibonacci level unless a new local top above $52,816 emerges. Ethereum, with 16% weekly gains, eyes a revisit to $2,800. XRP climbs to $0.5741 amid the SEC v. Ripple lawsuit’s remedies phase. Dogecoin (DOGE) rebounds as whale transactions surpass $1 billion, signaling renewed activity among major holders.

Markets In Focus Today – BITCOIN​

Bitcoin Price Consolidation Could Precipitate A Fall As US Markets Remember President Washington.

Bitcoin price has consolidated below the $52,768 roadblock for almost a week amid buyer momentum exhaustion. BTC could drop 10% to the most critical Fibonacci level, 61.8% at $47,445, a formidable blockade between January 8 -12. Invalidation of the bearish thesis will occur if the price records a new local top above the $52,816 range high. Bitcoin’s (BTC) price continues to trade horizontally, stepping into the week when the US market is in holiday spirits, commemorating some of the country’s founding fathers. There is a big chance that Bitcoin price could record a new all-time high soon, according to Lucas Outumuro, head of research at on-chain aggregator tool IntoTheBlock.

Technical Overview With Chart :

24-02-20_01-29-29_BTCUSD-1024x344.png

Moving Averages :

Exponential :

  • MA 10 : 50631.2192 | Positive Crossover | Bullish
  • MA 20 : 48570.2129 | Positive Crossover | Bullish
  • MA 50 : 45548.2421 | Positive Crossover | Bullish

Simple :

  • MA 10 : 51106.1800 | Positive Crossover | Bullish
  • MA 20 : 47656.7890 | Positive Crossover | Bullish
  • MA 50 : 44828.6652 | Positive Crossover | Bullish
RSI (Relative Strength Index): 75.0539 | Buy Zone | Bullish

Stochastic Oscillator : 90.3352 | Buy Zone | Neutral

Resistance And Support Levels :

  • R1 : 47385.7128 R2 : 49859.0872
  • S1 : 39378.6872 S2 : 36905.3128

Overall Sentiment: Bullish Market Direction: Buy

Trade Suggestion: Limit Buy: 50165.94 | Take Profit: 52736.02 | Stop Loss: 48910.79

ETHEREUM​


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