BTCUSD (Coinbase) Bitcoin bulls took a break last week and we can see from the chart how the price has been consolidating between $28.6k and $26.8k. Such ranges after an impulsive move higher are normal and could suggest the market is just taking its breath until a new push higher
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin staged an impressive rally last week, despite weakness across all stock markets. Although some experts claim this is a flight to safety and BTC is used as protection at a time when the banking sector is having issues, our opinion is different. Treasury yields have fallen strongly
BTCUSD (Coinbase) This has been another bad week for crypto buyers, considering BTC continued to edge south. The fallout of SVB, a regional bank from California spooked the broader financial markets, triggering a flight to safety. Volatile assets such as Bitcoin can’t outperform in such an environment, which is why
BTCUSD (Coinbase) Bitcoin continued to fall last week, but as you can see from our chart, the selloff paused once the lower bound of an ascending channel has been reached. That communicates there is still bullish interest in the market and we might see a rebound this week. However, thus
BTCUSD (Coinbase) The $25k area ended up as a strong resistance zone since strong selling emerged there. The price broke below the 20 EMA on the 4h chart and is now attempting a bottom little below the 200 SMA. On top of that, we can see BTC is fluctuating inside
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
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
