BTCUSD (Coinbase) What’s happening with Bitcoin right now can be labeled as a slow grind higher, with the price getting close to the all-time high. We can see how the price action broke above a bearish channel formation and that raises the prospects for a continuation higher. On the macro
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) There has been a spike in geopolitical tensions during the weekend, and that has made BTC weaken below $100k. We warned last week that this would be the greatest risk to our bullish forecast and unfortunately, it materialized. However, thus far, there is no follow-through selling and the
BTCUSD (Coinbase) Last week $110k continued to act as overhead resistance and we saw some BTC selling on the back of rising geopolitical tensions in the Middle East. Although there’s still uncertainty on when that could happen, markets don’t seem to care. Selling has been limited since the daily 20
BTCUSD (Coinbase) Bitcoin’s bullish momentum softened last week as the price dipped towards the $100k area. We anticipated the move and that turned out to be a short-term buying opportunity. Looking at the 4h chart, the price managed to move above the 200 SMA, but still, we can’t see sustained
BTCUSD (Coinbase) Bitcoin failed to hold above $110k and we are now seeing the sellers slowly gaining traction. The price seems unable to hold above the daily 20 EMA either, suggesting there is not enough buying interest at this point to turn the market higher. For that reason, we think
BTCUSD (Coinbase) Bitcoin finally managed to reach a new ATH last week and despite some temporary weakness, the upside seems intact. We say that because the price continues to float above the daily 20 EMA, still treating a short-term bullish trend line as support. If things don’t change, we should
BTCUSD (Coinbase) Bitcoin consolidated at a higher ground last week, but today’s price action shows sellers are starting to gain traction. Resistance emerged at $106k, an area we flagged in our previous weekly crypto analysis. There’s an engulfing bar on the daily chart, suggesting strong offers and for that matter,
BTCUSD (Coinbase) Last week was very bullish for Bitcoin since the price broke above $100k and it’s now attempting to exceed $106k. That happens to be one of our short-term resistance levels, but as things stand right now, we might witness a new ATH soon. Risk sentiment took another boost
BTCUSD (Coinbase) Volatility in Bitcoin compressed last week, although the upside remains intact. The price managed to break above $95k, which is a bullish sign, but buyers failed to keep the market above it. A short-term ascending trend line continues to be respected and as long as that happens, we
BTCUSD (Coinbase) We were expecting a continuation higher last week and that materialized, with BTC breaking above the daily 200 SMA impulsively. That’s a bullish sign and shows liquidity is back into the market, supporting valuations. Before we dig into technicals, we would like to caution that the market might
