The relationship between tecnicial indicators and price movements in the cryptocurrency market

This thesis investigates the relationship between technical indicators and price movements in the cryptocurrency market. The study focuses on key indicators used in technical analysis, including moving averages, RSI, MACD, and Bollinger Bands, evaluating their impact on cryptocurrency prices. Analyses conducted on five different cryptocurrencies using five technical indicators aim to help investors make more accurate and strategic decisions. Furthermore, the study thoroughly examines factors influencing price movements, such as investor behavior, information asymmetry, herd psychology, and technological developments. Findings from the literature and conducted analyses support the notion that price predictions can be made based on the historical performance of technical indicators. Consequently, this study aims to contribute to making the cryptocurrency market more predictable and sustainable, providing guiding recommendations to investors.