BTCUSD Coinbase Selling activity had been very weak during the past week and Bitcoin buyers gradually squeezed the price towards the key $7,000 area. Even though the price did not break and close above it on the 4h chart, we see that the reaction from the sellers is not convincing
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase As we’ve anticipated in our last weekly crypto analysis, the price of Bitcoin did not manage to break above the $6,400 – $6,800 resistance area and since a few days ago it started to head south again. Breaking below a short-term ascending trend line is another key technical
BTCUSD Coinbase As we’ve anticipated in our last weekly crypto analysis, Bitcoin had rebounded higher, towards the broken December 2019 lows, and then stalled. We can easily notice a resistance area had formed around $6,500-$6,800 and thus far the buyers had not been able to break impulsively above it. How
BTCUSD Coinbase Bitcoin had not managed to hold the high valuation as the entire financial system continues to edge south during the past week. The price dipped more than 50% on the Coinbase exchange, as investors rushed into cash. Unfortunately, the move was so impulsive that it drove Bitcoin below
BTCUSD Coinbase After reaching the key support area we’ve mentioned in our last weekly crypto analysis, Bitcoin bounced higher, but it turns out to be just a short-term market reaction. During the past 20 hours, selling had resumed strongly and now it’s very likely we’ll see the price breaching back
BTCUSD Coinbase The Bitcoin sentiment shifted to the downside during the past week as risk aversion soured across all financial markets. With economic uncertainty growing, investing in cryptocurrencies does not seem to be the best way to allocate capital and as a result, Bitcoin is back around the $8,500 area.
BTCUSD Coinbase Bitcoin had quite a choppy week, with either buyers or sellers managing to fully take control over the order flow. The price action had been volatile, with brief selloffs followed by a response from the buy-side. However, the downside had been contained around the key $9,500 area and
BTCUSD Coinbase Bitcoin had managed to reach the October 2019 highs, as we’ve expected for a few weeks in a row, but it did not manage to break higher, communicating that a short-term setback could continue to unfold. During the past few days, the price action retraced from $10,500 towards
BTCUSD Coinbase Bitcoin continued to march higher during the past week after our key $9,200 support held successfully. The price action recently broke above the $10,000 psychological area, very good news for buyers. Since a breakout above the October 28th high is now a fact, the prospects for further gains
BTCUSD Coinbase Bitcoin had continued to break higher this week and managed to exceed the previous January high. After breaking above $9,195, we can easily see the price action consolidating in a narrow range. Since the reaction from the sellers had been so weak + the broken resistance had been
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