BTCUSD (Coinbase) Bitcoin buyers were back in action this week and you can notice how the November 5th, 2022 swing high acted as support. The price bottomed around $21,500 and then shot up toward $25,300, an area we’ve mentioned during the last few weeks. Although buying eased, reaching a new
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Bitstamp) The bearish corrective move we were anticipating finally materialized and BTC dropped toward the $21.5k area this week. A short-term bounce can be noticed on the 4h chart, but for now, attention seems to have shifted toward Tuesday’s US inflation readings. That’s the news that could impact asset
BTCUSD (Bitstamp) Bitcoin’s bullish sentiment continued to moderate during last week. As can be noticed from the chart, each time the price sets a new weekly high, sellers step in and wipe out all gains. Thus far the price action is contained inside an ascending channel, but a break on
BTCUSD (Bitstamp) Bitcoin’s bullish momentum continues to slow, as it can be seen on the 4h chart. Although the token is poised to end this week with gains, volumes edging down and a smaller advance on the upside are things to make buyers cautious. Entering the picture is the Fed’s
BTCUSD (Coinbase) Bitcoin looks poised to end another week with gains, although some details must be considered. First, the price is rising on lower volumes, which might be regarded as an early sign of weakness. Also, right now BTC struggles to break above the $23k area, an important inflection point
BTCUSD (Bitstamp) In line with our last week’s forecast, Bitcoin continued to edge up and even managed to exceed our short-term resistance levels. At the time of writing, it seems to be struggling to break above $21,500, which is where an impulsive selloff started at the beginning of November 2022.
BTCUSD (Coinbase) Although at a tepid pace, Bitcoin managed to rebound during the first week of 2023. Trading activity is still not at normal levels, so everything could happen from this point forward. However, when looking at the daily chart, the picture looks good for bulls, at least in the
BTCUSD (Coinbase) We’re back with the first weekly analysis for 2023 and Bitcoin seems to start the year on an upbeat tone. Technically, there is a short-term bullish trend line in play, so as long as we don’t see an impulsive breakout below it, there’s scope for some more gains,
BTCUSD (Coinbase) Not a lot of movement can be seen in the price of Bitcoin last week, consistent with what we expected in our prior analysis. However, BTC is now locked in a triangle formation, and once breached, there could be a pick-up in activity. The price is trading below
BTCUSD (Coinbase) Last week has been volatile for Bitcoin, considering the price broke impulsively above the $17,300 resistance only to find resistance close to $18,400, erasing all gains for the week. Even if we’ve anticipated the surge higher, we’ve also highlighted the risks associated with the FOMC meeting. Rightfully, the
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