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☆ Here’s what bitcoin’s chart says about its next moves after it breached $50,000 this week
▼ + stars: | 2024-02-13 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000 – at one point rising to $50,334.00, its highest level since December 2021. BTC.CM= YTD mountain Bitcoin year-to-date Other chart analysts echoed that investors need not be too concerned about a significant decline from here. "Old resistance becomes support and that $46,000 to $48,000 can then become the jumping board for a continuation of the rally." Katie Stockton of Fairlead Strategies agreed the bitcoin chart supports "a long-term bullish bias."

Persons: Bitcoin, bitcoin, Wolfe, Rob Ginsberg, Ginsberg, Julius de Kempenaer, De Kempenaer, Katie Stockton, it'll, Stockton Organizations: CNBC, Fairlead Locations: overbought

☆ It could be time for investors to take some profits on Netflix after earnings, according to the charts
▼ + stars: | 2024-01-23 | by ( Todd Gordon | ) www.cnbc.com time to read: +6 min

Netflix has recently been crowned the unofficial king of streaming services and it's scheduled to report earnings this evening. The earnings report could be another good one, but the stock technicals are flashing some warning signs for long-term investors. From a fundamental standpoint, NFLX has been anointed 'the one' in the streaming space after delivering on multiple initiatives. Combined that with such strong projected growth rates creating a stretched forward valuation making investors even more cautious. At the current price of $486.50 and an expectation of $15.94 in earnings, that puts NFLX at 30.50 times 2024 earnings.

Persons: NFLX, Julius de Kempenaer, Hope, you'll, Gordon Organizations: Netflix, Tactical Alpha, Edge, candlestick Locations: I'm

☆ Bitcoin’s post-ETF launch sell-off could continue, but all-time high levels are in sight, chart analysts say
▼ + stars: | 2024-01-12 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Many investors and analysts have expressed confidence that bitcoin can reach and even surpass its all-time high level of $69,000. BTC.CM= 1Y line Bitcoin's 1-year performance per Coin Metrics He said $40,000, a level bitcoin hasn't seen since early December, would be another potential stopping point. Julius de Kempenaer, a senior technical analyst at StockCharts.com, is watching a slightly higher support level at $45,000. "While bitcoin's price is coming off a new cycle high, RSI made a lower high and was unable to get above the 70 level," Wald said. Bitcoin reached its all-time high near $69,000 in November 2021.

Persons: bitcoin, Oppenheimer, Ari Wald, Bitcoin, Julius de Kempenaer, Wald, it's oversold, de Kempenaer, Wolfe, Rob Ginsberg, Ginsberg Organizations: U.S, CNBC, Metrics, RSI Locations: Wald

☆ Bitcoin just broke above a key resistance level. Here's what chart analysts say happens next
▼ + stars: | 2023-10-24 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

At last, bitcoin has broken out of a tight trading range, potentially heralding greater highs from here. Investors should expect higher lows and higher highs in the bitcoin price over the next few months, chart analysts say. Wald said he's eyeing the 200-day moving average of $28,000 as a potential new support level while bitcoin runs into key retracement levels of its 2021-22 decline. Many chart analysts considered the previous support level to be about $25,000. For Julius de Kempenaer, senior technical analyst at StockCharts.com, bitcoin's former resistance level of roughly $31,000 could now become support, with the next resistance level ranging as high as $47,000 to $48,000.

Persons: bitcoin, Bitcoin, Ari Wald, Oppenheimer, it's, " Wald, he's, Jonathan Krinsky, Julius de Kempenaer, de Kempenaer, Michael Bloom Organizations: CNBC

☆ Bitcoin fell through a key level and is giving a bearish signal. Here’s what chart analysts say happens next
▼ + stars: | 2023-08-18 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin tumbled to finish the week after many weeks of stillness in the market, and chart analysts say it's possible this could be just the beginning. Bitcoin also broke its 200-day moving average of $27,300, which could signal an impending downtrend. A range emerges between $25,000 and $30,000 Bitcoin has been here before. The $25,000 level was a key resistance threshold from last summer through March of this year after bitcoin briefly touched $30,000 in its banking crisis-fueled rally. Fairlead Strategies' Katie Stockton puts the next downside target a little higher at $25,200, with a secondary target level of $20,600.

Persons: Bitcoin, Wolfe, Rob Ginsberg, bitcoin, Julius de Kempenaer, de Kempenaer, Ari Wald, Oppenheimer, Katie Stockton, Stockton Organizations: Elon, SpaceX, CNBC, BlackRock, BTC

☆ Where bitcoin goes next after hitting $30,000, according to chart analysts
▼ + stars: | 2023-04-11 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +3 min

Bitcoin climbed above $30,000 Monday night for the first time since June – and sustained that level throughout trading on Tuesday. This week's price rally has added to the optimism around bitcoin's recent strength and resilience and interest from new investors – and chart analysts agree the cryptocurrency is in a solid uptrend trend – after posting a 63% loss for 2022. "Specially, following its March breakout above key resistance, price had consolidated sideways for a number of weeks," he said. BTC.CM= ETH.CM= 1Y line Bitcoin (BTC) and ether (ETH) over the past year Fairlead Strategies' Katie Stockton echoed that, saying bitcoin "pushed out of its consolidation phase, following a base breakout in March." The recent breakout level near $1,850 should hold in coming days to keep the momentum going.

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