BTCUSD (Coinbase) Despite the thin liquidity around the Easter holiday, Bitcoin sellers are relentless and still drive the price lower. As things stand right now, there is little hope for a fast pullback on the upside, given the buyers look overwhelmed when looking at the daily chart. With that being
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Despite the positive developments we talked about last week, Bitcoin took a turn for the worse and broke below a key support area, highlighted in blue on our chart above. At the same time, the price breached the 20 EMA and there are few price action hints suggesting
BTCUSD (Coinbase) The past week has been choppier for Bitcoin, even though the price managed to break above the February 10th high. We can see there are sellers near the daily 200 SMA because that is where the price pulled back. With that being the base, the sentiment should remain
BTCUSD (Coinbase) In line with our last week’s expectations, Bitcoin continued to move up and is now trading inside a resistance area around $44.5k – $45.5k, a place where it got rejected three times already. Because sellers were active there in the past, we should not exclude a pullback towards
BTCUSD (Coinbase) Since last week, Bitcoin’s price action developments have improved in favor of buyers, considering we see it above the triangle structure. Tech stocks banked four consecutive days of gains, so even if crypto as a whole lagged, next week we might see an extension on the upside. This
BTCUSD (Coinbase) It has been another week of twists and turns for Bitcoin, making it challenging for market participants to find optimal entry locations. The price surged during the first few days of the week after details of a US executive order related to crypto have been released. However, sellers
BTCUSD (Coinbase) Although Bitcoin initially surged at the beginning of last week, most likely as Russian citizens were piling on crypto to evade government restrictions, the trend could not be sustained. As a matter of fact, by Sunday afternoon sellers have managed to erase almost all the gains, which does
BTCUSD (Coinbase) The end of February catches Bitcoin under pressure and now that war in Ukraine broke out, the downside remains favorable. On top of this bearish fundamental background, as risk assets are dumped by market participants, we can also see technical favors sellers. Bitcoin rejected the key area highlighted
BTCUSD (Coinbase) Bitcoin’s technical picture is eroding considering the price broke below a confluence of support areas. An ascending trendline, the 4h chart 200 SMA, and the key support level near $40k were not able to contain the selling pressure. As a result, we now see the price dipping, in
BTCUSD (Coinbase) Late on Friday news broke out related to escalating tensions in Ukraine, which prompted a flight to safety across the entire financial markets. Unfortunately for Bitcoin enthusiasts, this asset did not act as a safe haven and sold off quite impulsively. The recovery was gaining momentum but resistance
