Crypto Frontline

Weekly Crypto Analysis by Crypto Frontline

    Weekly Crypto Analysis June 17 – 23, 2024

Weekly Crypto Analysis June 17 – 23, 2024

BTCUSD (Coinbase) Bitcoin was choppy and ended last week in the negative. As our chart shows, the 4h chart 200 SMA failed to act as support, despite a temporary bounce off it. Looking ahead, we want to see whether the $65k level will hold as support. The price action structure

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    Weekly Crypto Analysis June 10-16, 2024

Weekly Crypto Analysis June 10-16, 2024

BTCUSD (Coinbase) Bitcoin is under pressure at the time of writing and as you can see, the price broke below the ascending channel we talked about last week. That’s a bearish sign and could point out to further losses during the week. However, the main event is the FOMC scheduled

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    Weekly Crypto Analysis June 3-9, 2024

Weekly Crypto Analysis June 3-9, 2024

BTCUSD (Coinbase) Bitcoin has consolidated lower last week, but losses have been contained. As our chart shows, the $67k area we highlighted capped the downside, alongside the ascending channel. Considering the structure remains in play, we are bullish for this week, as the market has a pocket of calm until

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    Weekly Crypto Analysis May 27 – June 2, 2024

Weekly Crypto Analysis May 27 – June 2, 2024

BTCUSD (Coinbase) Bitcoin continued to rise last week and after breaching the $67k level, the price surged towards $72k where it found resistance. As BTC pulled back, $67k acted as a role reversal level, capping the downside. Additionally, as our chart shows, the market is trading inside an ascending channel,

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    Weekly Crypto Analysis May 20-26, 2024

Weekly Crypto Analysis May 20-26, 2024

BTCUSD (Coinbase) Bitcoin sentiment continued to improve during the last couple of days. No news is good news for risk assets, meaning in the absence of a major risk event, prices continued to rally. Looking at the chart above, we can see how the price is currently consolidating around $67k.

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    Weekly Crypto Analysis May 13-19, 2024

Weekly Crypto Analysis May 13-19, 2024

BTCUSD (Coinbase) For this week’s crypto analysis, we’re shifting to the daily chart because we want to point out how Bitcoin continues to be in consolidation mode. You can see how the price is trading inside a bearish channel and only after a breakout higher should traders change their sentiment

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    Weekly Crypto Analysis May 6-12, 2024

Weekly Crypto Analysis May 6-12, 2024

BTCUSD (Coinbase) Although Bitcoin briefly broke below the $60k area, the FOMC turned out to be more dovish than the market expected. That acted as a tailwind for risky assets and we can see how Bitcoin benefited as well. We are bullish short-term, as long as the price stays above

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    Weekly Crypto Analysis April 29 – May 5, 2024

Weekly Crypto Analysis April 29 – May 5, 2024

BTCUSD (Coinbase) Last week we mentioned that if BTC weakens and moves back close to $60k, that will be a bearish sign. As you can see from the chart, once the price broke impulsively below the 4h chart 20 EMA, buyers failed to reverse the order flow. This is also

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    Weekly Crypto Analysis April 22-28, 2024

Weekly Crypto Analysis April 22-28, 2024

BTCUSD (Coinbase) The 2024 Bitcoin halving is now behind us and the price seems to be performing well, at least during the last few days. In line with our last week’s projections, the area close to $60,000 acted as strong support, so congratz to those who managed to enter long

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    Weekly Crypto Analysis April 15-21, 2024

Weekly Crypto Analysis April 15-21, 2024

BTCUSD (Coinbase) The last few days have been about geopolitics and risk assets took a dive as markets feared a new conflict in the Middle East will emerge. Bitcoin was also under pressure and we can see how the price slumped all the way to that March 20th low around

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