BTCUSD (Coinbase) Bitcoin found resistance around $89k last week and then started to sell off impulsively. The price broke back below the 4h chart 200 SMA and even pierced through our short-term bullish trend line. These signals combined suggest sellers are the ones in control, and we don’t see an
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Market sentiment is improving and we say that because the price is slowly generating higher lows and higher highs. Looking at the 4 chart, BTC is now testing the 200 SMA and has a high probability of breaking higher. Trade tensions seem to be easing and that acts
BTCUSD (Coinbase) Bitcoin didn’t continue lower last week; in fact, it closed on Sunday with mild weekly gains. Still, it continues to trade well below the ATH, which is not encouraging bulls to step in aggressively. The daily 200 SMA seems to act as resistance, but buyers are entering on
BTCUSD (Coinbase) Enthusiasm failed to expand after the US announced a strategic Bitcoin reserve, since in reality it was just a government-owned stockpile. The market is obviously disappointed since the price is now trading below the daily 200 SMA. The big picture favors bears, given we are seeing a bearish
BTCUSD (Coinbase) It was quite a volatile week for crypto and in line with our expectations, Bitcoin tumbled once $95k was breached on the downside. Selling stalled around $78k where an impulsive pullback has started. Enthusiasm surged when the US president announced several cryptos that could be included in a
BTCUSD (Coinbase) Bitcoin continued to trade range-bound last week and after a decent jump to $99k, it reversed course on news that ByBit was hacked and lost $1.5 billion. The price didn’t face heavy pressure because most of the stolen crypto was in altcoins. However, such events are negative for
BTCUSD (Coinbase) Bitcoin volatility dropped last week, given the price has traded inside a narrow range. There seem to be strong offers around $98,600 and bids at $95,000, so far keeping the market contained. At some point, the range will break and when that happens, we expect volatility to pick
BTCUSD (Coinbase) Last week’s performance confirmed that Bitcoin is not immune to trade war escalations. When stocks plunge, crypto follows the same path, so traders should be updated with all the latest headlines. Speaking of technicals, BTC is stuck below a bearish trend line and continues to trade below $100k.
BTCUSD (Coinbase) February starts with a bang since BTC valuations are already under pressure following trade war concerns. The US imposed tariffs on Canada, Mexico and China, a move that could push the US Dollar and yields up once financial markets open tomorrow. This is not a favorable environment for
BTCUSD (Coinbase) This week starts with negative sentiment since Bitcoin is seen down almost 4% today. After an initial pop following Trump’s inauguration, the market took on a sell-the-fact path, unable to touch the $110k resistance we discussed a week ago. BTC is breaking lower, currently testing the 200 SMA
