Crypto Frontline

Weekly Crypto Analysis by Crypto Frontline

    Weekly Crypto Analysis May 10-16, 2021

Weekly Crypto Analysis May 10-16, 2021

BTCUSD (Coinbase) Bitcoin had continued to recover from the April selloff, but still trades below the all-time high and not yet confirming the bias changed towards the bulls. At the time of writing, the price action is struggling to break above $58,300, which is why the prospects for a continuation

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    Weekly Crypto Analysis May 3-9, 2021

Weekly Crypto Analysis May 3-9, 2021

BTCUSD (Coinbase) A week ago we did not exclude a potential rebound in the BTC price and as it can be seen from the chart, that’s exactly what happened. The buyers took short-term control over the order flow but failed to break around our first major resistance zone located around

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    Weekly Crypto Analysis April 26th – May 2nd, 2021

Weekly Crypto Analysis April 26th – May 2nd, 2021

BTCUSD (Coinbase) As we’ve anticipated in our last weekly crypto analysis, Bitcoin continued to weaken due to deteriorating risk sentiment and overbought conditions on higher time frames. Looking at the 4h chart, the $50,000 area had recently acted as resistance, given the price action failed to break back above it,

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    Weekly Crypto Analysis April 19-25, 2021

Weekly Crypto Analysis April 19-25, 2021

BTCUSD (Coinbase) Weekend activity in Bitcoin had intensified as market participants are dumping the token on the back of negative headlines. Turkey announced a ban on Bitcoin payments and so far, the market does not seem to like the news. The selloff had started little below the $65,000 resistance area

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    Weekly Crypto Analysis April 12-18, 2021

Weekly Crypto Analysis April 12-18, 2021

BTCUSD (Coinbase) Bitcoin continues to press higher and the price is now hovering above $60,500 as buyers remain resilient. Since it is trading near the all-time high, our bias continues to be tilted towards the upside. If the resistance near $62,000 will fail to cap more buying, then the next

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    Weekly Crypto Analysis April 5-11, 2021

Weekly Crypto Analysis April 5-11, 2021

BTCUSD (Coinbase) The longer-term Bitcoin picture had not been deteriorated, even though the price is struggling to break above $60,000 since mid-March. We can easily notice a key resistance area around $58k – $60k, but at the same time, a series of higher highs, the last two emerging around or

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    Weekly Crypto Analysis March 29 – April 4, 2021

Weekly Crypto Analysis March 29 – April 4, 2021

BTCUSD Coinbase Over the past week, the sellers had been in control as the BTC price failed to break above the former February all-time high located around $58,300. Now the price is moving lower inside a downside channel that so far had been respected by the market accurately. As long

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    Weekly Crypto Analysis March 22-28, 2021

Weekly Crypto Analysis March 22-28, 2021

BTCUSD (Coinbase) Even though a week ago conditions were favorable for a continuation higher, Bitcoin failed to do that. Rising US dollar combined with news from India potentially preparing a ban on crypto use had deteriorated the sentiment and BTC dipped below $58.3k, a key role reversal level. Since the

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    Weekly Crypto Analysis March 15-21. 2021

Weekly Crypto Analysis March 15-21. 2021

BTCUSD (Coinbase) After continuing the recovery during the week, Bitcoin managed to break above the prior all-time and now is trading above $60,000 for the first time in history. Based on prior similar occasions, a breakout above new ATHs had been followed by sustained buying, which is why it is

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    Weekly Crypto Analysis March 8-14, 2021

Weekly Crypto Analysis March 8-14, 2021

BTCUSD (Coinbase) As we’ve anticipated a week ago, Bitcoin managed to rebound from the lows and even managed to surpass the $50,000 mark before finding resistance. The upside was capped around $51.8k and for now, that is where sellers are expected to rejoin the trend. Yesterday, the US Senate passed

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