

Cryptocurrency
Is the Bitcoin Bull Rally Dead? Important Pattern Starting to Shape Up (BTC Price Analysis) – Crypto News
Bitcoin’s price has been consolidating for a while now, failing to continue the significant bullish momentum observed over the past few months. Yet, things are still looking positive for BTC in the short term.
Technical Analysis
By TradingRage
The Daily Chart
On the daily chart, the price has been aggressively attacking and breaking through resistance levels one at a time. Yet, the market is currently consolidating above the $40K level as the bullish momentum has faded away. The decrease in the relative strength index confirms this idea.
However, the RSI is still showing values above 50%, pointing to the fact that the momentum has yet to shift bearish. Therefore, with a strong support level at $40K, the price is still likely to reach the $48K resistance zone in the coming weeks before any major correction occurs.
The 4-Hour Chart
As the 4-hour timeframe depicts, the recent consolidation has formed a classical price action pattern, the symmetrical triangle. The symmetrical triangle can both be a continuation and a reversal pattern, depending on the direction of the potential breakout.
As a result, investors can be optimistic that the price will eventually rally toward the $48K level in case a bullish breakout occurs. On the other hand, a bearish breakout can lead to a deeper correction in the near future.
On-Chain Analysis
By Shayan
Miner to Exchange Flow (mean)
The chart illustrates the 7-day exponential moving average applied to the Miner to Exchange Flow (mean) metric in correlation with Bitcoin’s price. This unique metric indicates the volume of coins transitioning from miners to exchanges, offering insights into potential selling pressures originating from miners.
Historically, downturns in Bitcoin’s price, whether significant or minor, have consistently aligned with instances where miners initiated the transfer of their Bitcoin holdings to SPOT exchanges. However, a noteworthy shift has recently unfolded as the metric experienced a substantial surge following Bitcoin’s price reaching the $45K mark and entering a consolidation stage.
This development suggests miners are realizing profits and raises the possibility of a market reversal if the metric continues to surge, reaching levels of concern. Monitoring this metric becomes crucial for anticipating potential shifts in market dynamics and adjusting strategies accordingly.
Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).
Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.
Cryptocurrency charts by TradingView.
-
Technology1 week ago
Chip Designer Arm Plans to Become Chip Manufacturer – Crypto News
-
Cryptocurrency3 days ago
SUI eyes 24% rally as bullish price action gains strength – Crypto News
-
others6 days ago
Japanese Yen remains depressed amid modest USD strength; downside seems limited – Crypto News
-
Technology1 week ago
MacBook Air M3 15-inch model gets a ₹12,000 price drop on Amazon: Deal explained – Crypto News
-
Cryptocurrency2 days ago
Coinbase scores major win as SEC set to drop lawsuit – Crypto News
-
others1 week ago
Japan Foreign Investment in Japan Stocks declined to ¥-384.4B in February 7 from previous ¥-315.2B – Crypto News
-
Technology1 week ago
Perplexity takes on ChatGPT and Gemini with new Deep Research AI that completes most tasks in under 3 minutes – Crypto News
-
Technology1 week ago
Lava Pro Watch X with 1.44-inch AMOLED display, in-built GPS launched in India at ₹4,499 – Crypto News
-
Blockchain6 days ago
XRP Set To Outshine Gold? Analyst Predicts 1,000% Surge – Crypto News
-
Cryptocurrency1 week ago
Advisers on crypto: Takeaways from another survey – Crypto News
-
others1 week ago
Remains subdued below 1.4200 near falling wedge’s lower threshold – Crypto News
-
Cryptocurrency1 week ago
0xLoky Introduces AI-powered Intel for Crypto Data & On-chain Insights – Crypto News
-
Technology1 week ago
Factbox-China’s AI firms take spotlight with deals, low-cost models – Crypto News
-
Technology1 week ago
Massive price drops on Samsung Galaxy devices: Up to ₹10000 discount on Watch Ultra, Tab S10 Plus, and more – Crypto News
-
Cryptocurrency1 week ago
Tether Acquires a Minority Stake in Italian Football Giant Juventus – Crypto News
-
Blockchain1 week ago
XRP To 3 Digits? The ‘Signs’ That Could Confirm It, Basketball Analyst Says – Crypto News
-
others1 week ago
Australian Dollar jumps to highs since December on USD weakness – Crypto News
-
Technology1 week ago
Weekly Tech Recap: JioHotstar launched, Sam Altman vs Elon Musk feud intensifies, Perplexity takes on ChatGPT and more – Crypto News
-
Technology1 week ago
What will it take for India to become a global data centre hub? – Crypto News
-
Technology1 week ago
ChatGPT vs Perplexity: Sam Altman praises Aravind Srinivas’ Deep Research AI; ‘Proud of you’ – Crypto News
-
Blockchain1 week ago
NEAR Breaks Below Parallel Channel: Key Levels To Watch – Crypto News
-
Blockchain7 days ago
Will BTC Rebound Or Drop To $76,000? – Crypto News
-
Blockchain7 days ago
XRP Price Settles After Gains—Is a Fresh Upside Move Coming? – Crypto News
-
Metaverse6 days ago
How AI will divide the best from the rest – Crypto News
-
Business6 days ago
What Will be KAITO Price At Launch? – Crypto News
-
Business6 days ago
Elon Musk’s DOGE Launches Probe into US SEC, Ripple Lawsuit To End? – Crypto News
-
Blockchain6 days ago
XRP Price Pulls Back From Highs—Are Bulls Still in Control? – Crypto News
-
Business5 days ago
Whales Move From Shiba Inu to FXGuys – Here’s Why – Crypto News
-
Technology1 week ago
Best phones under ₹20,000 in February 2025: Poco X7, Motorola Edge 50 Neo and more – Crypto News
-
Blockchain1 week ago
Popular Investor Says Memecoin More Superior With ‘World’s Best Chart’ – Crypto News
-
Cryptocurrency1 week ago
Who is Satoshi Nakamoto, The Creator of Bitcoin? – Crypto News
-
Technology1 week ago
Grok 3 is coming! Elon Musk announces launch date, promises ‘smartest AI on Earth’ – Crypto News
-
Technology7 days ago
Union Minister Ashwini Vaishnaw to launch India AI Mission portal soon, 10 companies set to provide 14,000 GPUs – Crypto News
-
others6 days ago
Forex Today: What if the RBA…? – Crypto News
-
Cryptocurrency5 days ago
Hayden Davis crypto scandal deepens as LIBRA memecoin faces fraud allegations – Crypto News
-
Technology5 days ago
Luminious inverters for your home to never see darkness again – Crypto News
-
Technology3 days ago
Stellantis Debuts System to Handle ‘Routine Driving Tasks’ – Crypto News
-
Metaverse1 week ago
Strange Love: why people are falling for their AI companions – Crypto News
-
Technology1 week ago
Cyber fraud alert: Doctor duped of ₹15.50 lakh via fake trading app; here’s what happened – Crypto News
-
Cryptocurrency1 week ago
Crypto narratives as we await next market move – Crypto News
-
Business1 week ago
How Will It Affect Pi Coin Price? – Crypto News
-
Cryptocurrency1 week ago
GameStop Stock Price Pumps After Report of Bitcoin Buying Plans – Crypto News
-
Business6 days ago
These 3 Altcoins Will Help You Capitalize on Stellar’s Recent DIp – Crypto News
-
Cryptocurrency6 days ago
Bitcoin Sees $430M in Outflows as Market Responds to Fed’s Hawkish Stance – Crypto News
-
Technology1 week ago
JioHotstar streaming platform launched, merging content from JioCinema and Disney+ Hotstar – Crypto News
-
Technology1 week ago
Former Google CEO warns of ‘Bin Laden scenario’ for AI: ‘They could misuse it and do real harm’ – Crypto News
-
Cryptocurrency1 week ago
Yap-to-earn takes over Twitter – Blockworks – Crypto News
-
Cryptocurrency1 week ago
Someone Just Won $100K in Bitcoin From a $50 Pack of Trading Cards – Crypto News
-
Technology1 week ago
Say goodbye to tangled cables: Stylish magnetic power banks keep your iPhone or Android charged on the go – Crypto News
-
Technology1 week ago
OpenAI board unanimously rejects Musk’s $97.4 billion takeover bid: ‘Not for sale’ – Crypto News