BTCUSD (Coinbase) Bitcoin continued with a consolidative stance last week and so far, the mood doesn’t seem to have changed. The price trades inside a channel formation, yet all-time highs are not too far away. In the bigger picture, the bullish trend is intact, but a lack of bullish appetite
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin has remained flat for the last 7 days, as volatility has shifted to the altcoin space. The bull move failed to extend higher after 2 BTC whales sold a large amount in the open market. Naturally, traders and investors and wondering whether these large players know something,
BTCUSD (Coinbase) Upside volatility in Bitcoin spiked last week after the price managed to go above the May 22nd high. Since then, we’ve seen the largest coin manage to reach several new all-time highs. Right now, the price is trading above $122k, but the move seems a bit stretched. We
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
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,
