BTCUSD (Coinbase) Bitcoin’s technical picture continued to improve during the last week, and we say that because the price has managed to clear out both $74,500 and the triangle consolidation. As long as the price manages to hold the gains, we think there is more upside ahead. The price has
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin rose last week, came close to the upper side of our triangle channel and then started to weaken as talks between the US and Iran ended without a deal. Since the price trades inside the triangle, we haven’t yet shifted to a bearish stance. We have to
BTCUSD (Coinbase) Bitcoin volatility has dropped during the last week, probably due to the Easter holiday. Although the Middle East conflict has not yet concluded, financial markets are starting to look past it. We say that because BTC didn’t make new lower lows. That doesn’t mean we are out of
BTCUSD (Coinbase) Bitcoin is still on a rollercoaster ride, driven by the latest headlines related to the Middle East. The second half of last week saw BTC under as tensions escalated, but as of today, Monday, March 23rd, the risk appetite seems to be improving. This comes on the back
BTCUSD (Coinbase) The bullish scenario outlined a week ago materialized and Bitcoin is back up into that $74,500 resistance area. This happened even though tensions in the Middle East haven’t yet eased. Rallying at a time of broad market uncertainty is an encouraging sign, but we advise traders to be
BTCUSD (Coinbase) Despite choppy activity, Bitcoin remained steady last. That came even though tensions in the Middle East have not eased yet. Signs of stabilization despite geopolitical risks might reinforce the fact that this is truly a bottoming formation. Simply put, buyers are willing to step in and prevent further
BTCUSD (Coinbase) Bitcoin continues to be in consolidation mode despite a spike in Middle East tensions. The price has been remarkably resilient thus far, but it’s just the first trading day of the week. It remains to be seen whether tensions will last for more than a couple of days
BTCUSD (Coinbase) The Bitcoin bottoming process continues and thus far, the market seems unable to generate higher highs and higher lows. The week started on the backfoot with some heavy liquidations pushing the price towards the $65,000 key support area. So far, the price managed to recover some of the
BTCUSD (Coinbase) Bitcoin selling pressure eased last week and we are now seeing buyers attempting to form a bottom. On the 4h chart, the price has been hovering above and below the 20 EMA and despite this choppy price action, it suggests there is finally interest from the buy side.
BTCUSD (Coinbase) Bitcoin continued to slide last week and managed to find support at $60,000. These round numbers tend to act as a powerful turning point and the corrective move higher confirms that yet again. However, Friday’s bounce seems to be short-lived, given that the price failed to continue higher
