BTCUSD (Coinbase) The Bitcoin rally continued last week as expected and the price easily surpassed our $90k upside target. At the time of writing, we see the price consolidating above the 4h chart 20 EMA, which indicates the bullish momentum has not ended, just paused temporarily. Although major stock markets
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Our prediction last week was right, and Bitcoin indeed touched the $80k mark after breaking to a new ATH. Since the winner of the US election is now clear, there was no point for market participants to stay risk averse. This is a key technical development and as
BTCUSD (Coinbase) Bitcoin continued to move up but failed to reach a new all-time high. We see 5 consecutive days of bearish consolidation, but the selling seems to have stalled around the daily 20 EMA again. That’s good news for buyers since it suggests the bullish move continues to be
BTCUSD (Coinbase) After a couple of days of consolidating, Bitcoin bulls seem to be back at it. We are now seeing the price edging up and the $70k resistance is back in the spotlight. Thus far the bullish move continues to be intact and given the price retested the $66.6k role
BTCUSD (Coinbase) We were right last week in assuming that the Bitcoin breakout would finally occur and lead to more gains. As the chart shows, the price is close to the resistance level we mentioned—$70k. Although some temporary selling should be expected there, we believe the breakout is a key
BTCUSD (Coinbase) Bitcoin is testing the upper line of our consolidation channel again and for that matter, we believe the likelihood of a breakout and extension higher has increased. When the price is squeezed towards a key area, eventually a spark in volatility occurs. Seasonality also helps the mood, so
BTCUSD (Coinbase) The waiting game continues as Bitcoin remains below a key resistance zone. We’re talking about the daily 200 SMA + the falling upper line of the consolidation channel. So far, buying pressure hasn’t been strong enough to generate a sustained break, meaning there could be more choppiness in the
BTCUSD (Coinbase) Our bullish tilt from last week turned out to be true since Bitcoin continued to move up and temporarily breached the consolidation channel. However, we are seeing some weakness to start the new week and that should keep buyers on hold for now. It could be geopolitics since
BTCUSD (Coinbase) Risk sentiment got a boost last week after the FED decided to cut interest rates by 50 bps. The market took it as a stimulating sign and figured out that the largest central bank wanted to boost liquidity in order to prevent further deterioration in the labor market.
BTCUSD (Coinbase) We had a short-term rally last week, yet Bitcoin failed to hold above $60k. It’s important to note that the second half of September is the most bearish period of the year, so we should expect to see weakness until the October bullish seasonality kicks in. As we’ve
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