BTCUSD Coinbase For the first time after seven consecutive bullish weeks, Bitcoin dropped by more than 10% in less than two days, banking the sharpest selloff since September 1st. The buyers stepped in around $16,200 and managed to push the price past $18,000, which means the token now has limited
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase Considering the Bitcoin rally continues at the same impulsive pace, it is time to look around the December 2017 all-time highs. At the time of writing the price trades around $17,900 after reaching the $18,900 area a day before. As the price gets close to $19,850 we should
BTCUSD Coinbase Bitcoin continues to go up relentlessly and the price action structure still does not show any sign of weakening bullish momentum. As you can see from our chart, the price is trending above the 4h chart 20 EMA, finding support multiple times since October each time the sellers
BTCUSD Coinbase Even though more than a week ago we’ve seen Bitcoin struggling around the 2019 high, that wasn’t a problem for the buyers as they’ve squeezed the price past that critical resistance zone. Bitcoin is now trading at levels not seen since January 2018 and because of that, the
According to a statement published on Tuesday, Hong Kong’s Securities and Futures Commission (SFC) changed its “opt in” approach with regards to cryptocurrency trading platforms. The move is part of an ample plan to regulate the crypto companies operating in the financial hub. The Hong Kong government is also coming
BTCUSD Coinbase The Bitcoin rally continues relentlessly, even though financial markets had been under pressure the past week. As we can see from the chart, buyers are pressing the 2019 highs and even managed to briefly break above, suggesting the momentum continues to be strong. In case the price will
BTCUSD Coinbase It was another positive week for Bitcoin considering the price broke above the August high and reached 13,300 for the first time since July 2019. This positive development had been triggered by the latest news from PayPal, which will allow, buying, selling, and Bitcoin storage for US customers.
BTCUSD Coinbase After breaking above a triangle formation impulsively, Bitcoin had managed to reach the $11,700 area, but since October 12th, it started to consolidate again in what seems like another triangle. Volatility had gradually dropped while the buyers are still in control short-term, considering the price had not managed
BTCUSD Coinbase In our last weekly crypto analysis, we’ve highlighted that Bitcoin volatility was dropping as the price was ranging inside a triangle formation. The structure was broken on the upside on October 8th, and since then the buyers had regained control. Some short-term resistance seems to have emerged around
BTCUSD Coinbase Bitcoin volatility continues to compress as does its price, currently trading inside a triangle formation. Given the high degree of uncertainty during the past few weeks, it is hard to anticipate the direction of the breakout, which means traders should play the structure until that happens. Support had
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