BTCUSD (Coinbase) We’re back with the last weekly crypto analysis for 2024. Bitcoin had a wild run last week after a hawkish FOMC tumbled all financial markets. The price is now trading below the $100k mark and also below the 200 SMA on the 4h chart. At the time of
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin is slowly grinding higher and recently managed to reach a new ATH little above $106k. We are now seeing the price consolidating lower on the 4h chart, suggesting the market is unable to sustain the momentum. It’s the last full week of trading for 2024 and so
BTCUSD (Coinbase) Bitcoin managed to exceed $100k last week and after touching $104k, a wave of liquidations followed. You can see how the price slumped more than 10% within hours, which calls for caution, even when the market seems exuberant at first glance. Volatility is seen compressing, something normal considering
BTCUSD (Coinbase) After almost touching the $100k on the Coinbase exchange, Bitcoin started to consolidate lower. The market is taking a break after an impulsive leg up and now traders seem to be shifting their attention to altcoins. We say that because while BTC has been flat for a couple
BTCUSD (Coinbase) Bitcoin momentum shows no sign of abating and now the price action is hovering close to the $100k mark. That’s not just a key psychological area, but also a place where buyers are likely to take some profits. If the market manages to exceed that, our attention will
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
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
