BTCUSD (Coinbase) Following a disappointing start of the year, the last week has been slightly more encouraging, considering Bitcoin managed to bounce off the key support around $40k. However, the danger is not all gone, as we need to see follow-through buying in the days and weeks ahead. A combination
Weekly Crypto Analysis by Crypto Frontline
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BTCUSD (Coinbase) As we’ve anticipated, the Bitcoin selling continued to strengthen and the price reached the December 4th spike. Although some balancing occurred near $40,500, it’s not enough thus far to suggest the sentiment is shifting in favor of buyers. On the contrary, during the past week, we’ve witnessed an
BTCUSD (Coinbase) We’re back with the first weekly analysis for 2022 and the picture for Bitcoin continues to deteriorate. More specifically, the price is pressured below the daily 200 SMA, signaling shallow buying activity. With that being the case, we suspect BTC is poised for further weakness in the short-term,
BTCUSD (Coinbase) A “mini-Santa Claus rally” has ultimately occurred in Bitcoin and the price broke above a consolidation pattern we’ve talked about a week ago as well. However, thin liquidity conditions are not favorable for a more robust rally, which is why the price stalled around the 4h chart 200
BTCUSD (Coinbase) A combination of monetary tightening fears related to the Omicron variant, and weakening economic activity is having a major impact on risk assets, including Bitcoin. Volatility remains subdued, but what once was a “Santa Claus” rally is now a slow grind lower, communicating market participants are rushing for
BTCUSD (Coinbase) As we’ve highlighted a week ago, even though buyers entered around $42.5k after an impulsive selling that did not signal an end to the bearish move. The past week’s performance shows buyers were reluctant to continue bidding up the price and this could be the same until Wednesday
BTCUSD (Coinbase) On Saturday Bitcoin took a strong dive and reached sub-$43k levels for the first time since the end of September. Even though the price bounced from the lows and it’s now consolidating in a tight range during Sunday, the selloff is a major warning sign for buyers. Things
BTCUSD (Coinbase) Things were rather balanced for Bitcoin until the Friday selloff occurred and now the token is about to end another week in the red. Fears related to a new strain of the coronavirus put all financial markets under pressure and cryptocurrencies were not spared. What’s even more important
BTCUSD (Coinbase) The Bitcoin price has been under pressure during the past week, moving away from the $65k area, a critical zone that would have confirmed a move higher, if buyers managed to keep the price above it. After two failed attempts, the sellers ended up on top and now
