BTCUSD (Coinbase) Another week passed and still, Bitcoin continues to post a sluggish performance, suggesting a lack of appetite for riskier assets. The price was mostly on the retreat, even if it did not breach the channel we talked about last week. Because the ranges are narrow, we’ll focus on
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) It has been another steady week for Bitcoin and given the price managed to break above the July 20th high, that further reinforces the slight bullish strength. We can easily notice that BTC is moving up in an ascending channel formation, so as long as it remains in
BTCUSD (Coinbase) Bitcoin had a mixed performance last week, rising during the first few days, only to give back some of the gains by Sunday. However, when looking at the broader picture, things have improved for the bulls, since the price managed to break above $22,000, a clear role-reversal level,
BTCUSD (Coinbase) Bitcoin continued to trade sideways during the past week and $21.7k turned out to be strong resistance for buyers. Still, the price did not make a new lower low, below the June 30th swing point, which means, the bulls have a slightly higher advantage. We are now waiting
BTCUSD (Coinbase) Not a lot of directional bias can be seen in Bitcoin over the past week, suggesting neither buyers nor sellers are willing to step in aggressively. On the positive side, the price broke above the June 26th high around $22k, creating a temporary higher high. However, gains were
BTCUSD (Coinbase) Contrary to our last week’s expectations, Bitcoin failed to sustain the rebound, broke below the 4h chart 20 EMA and $20k support and right now it could barely consolidate in a narrow range. The only piece of good news is that the price did not retest or exceed
BTCUSD (Coinbase) In line with our last week’s expectations, Bitcoin managed to recover and it is now up 23% from the lows established on June 18th. The price broke above the 4h chart 20 EMA and is now treating it as support, suggesting there might be scope for further buying
BTCUSD (Coinbase) It was another week to forget for Bitcoin as selling pressure continued to intensify, driving the price towards the peak of 2018, around $20k. The price overshoot below it, but thankfully, buyers started to get more active once $18k has been reached. Right now it’s Monday morning and
BTCUSD (Coinbase) The crypto bloodbath continues and Bitcoin has retested the May 12th low, after a very negative weekend. Financial conditions are tightening once again which brings forward the deleveraging process. Simply put, market participants no longer want risky assets and instead want to sit on cash, afraid markets can
BTCUSD (Coinbase) Since mid-May Bitcoin seems to have entered a period of stabilization, showing on the chart as a range between $32k and $28.5k. The structure continues to hold, but we can notice buyers are getting more active, threatening to break above the 4h chart 200 SMA. In case that
