Bitcoin The Bitcoin fall continued to extend for the past week, breaking below the 6,800 key support area. We have anticipated in our last weekly crypto analysis that it is very likely the bearish sentiment will further put pressure on the price and now, even though there is a
weekly analysis
Bitcoin Since our last weekly crypto analysis, the Bitcoin price had weakened significantly. We were expecting sellers to resume heavily around 8,550-8,840 but actually, the price started to dip below it. It seems like the main reason had been the rejection by the SEC of a new Bitcoin ETF. The
Bitcoin Since our last weekly crypto analysis, the Bitcoin price had been able to advance further, breaking above the 7,750 resistance level and finding short-term resistance close to 8,500. The price had become choppier, meaning sellers are showing stronger interest to sell. Most likely, July will end up being the
Bitcoin We have managed to anticipate again the price movement as you can see in our last weekly crypto analysis. The head and shoulders pattern worked out perfectly, with the bulls breaking impulsively above the neckline, located at 6,800 area. For the past few days, the Bitcoin price entered in
Bitcoin As we have anticipated in our last weekly analysis, the Bitcoin price had continued to recover for the past week, although at a moderate pace. The price action had reached our 6,800 resistance area and at the time of writing is consolidating lower. Since the price did not manage
Bitcoin For the past week, Bitcoin had continued to weaken and made a new 2018 low. The price had dipped towards 5,800 and since then it managed to stabilize and trade in a range that we have highlighted in the chart above. It seems like the buyers had been accumulating
Bitcoin The Bitcoin price had been under pressure for the past few days and an hour prior to the time of writing it breached the 5,873 level, which was the 2018 low. Looking at the price action we see a series of recurrent structures composed of an ascending consolidation move,
Bitcoin As we have mentioned in a recent article, Bitcoin had broken the triangle pattern and now things are looking worse for the bulls. Following the breakout candle, no significant bullish activity can be seen, the price action continues to consolidate in a narrow range outside the triangle. Even though
Bitcoin In our last weekly crypto analysis, we have mentioned that Bitcoin could continue to be subdued and that is exactly what happened. Even though the price action is still located inside a triangle formation, we see a mild response from the buyers this week, communicating a downside breakout might
Bitcoin Since our last weekly crypto analysis, the price of Bitcoin managed to stabilize and the ascending trend line held successfully. However, thus far the recovery is very fragile, leaving the risks to the downside intact. We talked last week about the decreasing angles of the bullish legs and the
