BTCUSD (Coinbase chart) The last week of February is about to start and the Bitcoin rally sees no end in sight. The price managed to exceed our last week’s upside target and it is now poised for a continuation towards the key $60,000 area. Looking at the 1h chart, we
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase chart) Bitcoin finally broke above the January 8th high last Monday and since then it never looked back. We can see on the chart how the price action is floating above the 4h chart 20 EMA, treating as a short-term support level. As long as the structure won’t
BTCUSD (Coinbase chart) Bitcoin buying improved over the past week as the price continued to rise towards the $40k area, where it encountered short-term resistance yesterday. Overall, the price is heading towards the upper area of the corrective structure that started on January 8th. Buyers need to be aware that
BTCUSD (Coinbase price) Bitcoin continues its choppy trading phase and there doesn’t seem to be a sustained interest from the buy-side, the kind of which might trigger the next leg up. What’s encouraging for bulls, though, is that the price action found support several times around $30k-$29k. If that zone
BTCUSD (Coinbase) Bitcoin continued to underperform during the past week, as the US dollar consolidates higher and the global risk appetite is headed south. On top of the negative sentiment, the technical picture confirms buyers are not showing high interest to get involved. The triangle formation we’ve talked about last
BTCUSD (Coinbase chart) In line with our warnings last week, Bitcoin dropped more than 20%, finding support around the $30,000 area. Even though there wasn’t follow-through selling and the buyers managed to erase some of the losses, a new all-time had not been reached and in fact, we see the
BTCUSD (Coinbase chart) Bitcoin continues its impressive bull run and managed to reach $40,000. At the time of writing, the price is hovering near $41,000 after briefly touching $42,000. Even though there is still no sign of a short-term top, we can see massive divergence with the RSI, considering the
BTCUSD (Coinbase) The Bitcoin bullish parabolic move continued to extend impulsively during the holiday and with thin liquidity, valuations were pushed beyond $30,000 and are now trading around $34,500. Looking at the magnitude of the move, most of us are left stunned, but this is what it is and we
BTCUSD (Coinbase) Bitcoin defied the resistance area we’ve highlighted last week as well as the divergence with the RSI. Even though valuations managed to almost reach $28,000, there is now a larger divergence in play and that should put late buyers on hold, given there is a higher probability of
BTCUSD Coinbase Once it broke above the 2017 high, there was no turning back for Bitcoin, which had reached a level above $24,000 recently. This is an important milestone for the top cryptocurrency but at the same time, as we’re about to see, it could signal that a corrective structure
Latest Weekly Analysis
