BTCUSD (Coinbase) Bitcoin continues with a rather choppy performance, but despite that, the price respects a range formed between $18,500 and $20,350. Even if US inflation came hot, the initial slump was followed by intensive buying and now BTC is trading close to $19,500. Given the current period generally leads
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The beginning of October catches Bitcoin trading sideways and thus far, no major move seems to have started. That is despite the fact stock markets continue to head south on the back of economic worries. BTC, on the other hand, managed to stabilize above $18,500 and it is
BTCUSD (Coinbase) Bitcoin’s volatility has been compressing over the last week and now we see the price locked between the daily 20 EMA and $18,600. There is a lack of momentum in the market right now, suggesting participants are waiting on the sidelines for the next impulsive move to start.
BTCUSD (Coinbase) Bitcoin continued to sell off once we published our last weekly analysis but managed to find a bottom around $18,200. The FED press conference was very hawkish and surprised on the upside in terms of interest rate expectations. Obviously, the US Dollar moved up and crushed all risk
BTCUSD (Coinbase) Despite an encouraging start of the week, Bitcoin is poised to end in red, mainly due to the losses that started to unwind once the US inflation figures were released. Investors and traders fear inflation is sticky and that could prompt more hawkishness from central banks, in particular
BTCUSD (Coinbase) Bitcoin reached the $19,000 area as we’ve expected last week but once that happened, an impulsive rally started to unfold. By the time of writing, buyers managed to push the price towards $21,700, a key resistance and a potential neckline for an inverted head-and-shoulders pattern. If that’s the
BTCUSD (Coinbase) Conditions have not changed with Bitcoin and even if the price has been consolidating over the past week, the sellers are still the ones in control. Right now we see BTC attempting to break below a short-term triangle formation and the probability favors a continuation lower. Low appetite
BTCUSD (Coinbase) The FED’s chair speech at the Jackson Hole Symposium was a real drag on risk assets and even Bitcoin suffered as a result of the hawkish stance. Central banks aren’t willing to show any sign of pivot, so in the meantime, there is nothing to support current valuations.
BTCUSD (Coinbase) The pain seems to have not ended for Bitcoin, considering last week was a bearish one. The price broke below our channel impulsively and now our view shifted in favor of sellers for the near term. This week will bring the Jackson Hole Symposium, where the markets expect
BTCUSD (Coinbase) Summer trading time is now the norm and we continue to see subdued ranges in the price of Bitcoin. Even though it reached $25k, buyers were unable to sustain the gains, something that usually happens in a market where liquidity is thin and false breakouts occur often. The
