BTCUSD (Coinbase) After weeks of underperformance, Bitcoin finally managed to stage a more robust rally, breaking above the 4h chart 200 SMA and also a key area we’ve highlighted over the past several weeks. Activity remains subdued for now so we’ll have to wait and see how market participants will
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The Bitcoin sentiment did not continue to deteriorate over the past week, even though the price action has been choppy. We see a short-term recovery building around an ascending trend line, but still, more positive developments should follow if buyers want to reverse course. For the time being,
BTCUSD (Coinbase) Nobody wants crypto anymore, or at least that’s what the current price action across the entire market is suggesting. In the case of Bitcoin, things evolved from bad to worse, considering the price breached below the key support area around $40k. As we have anticipated, it was a
BTCUSD (Coinbase) Following a disappointing start of the year, the last week has been slightly more encouraging, considering Bitcoin managed to bounce off the key support around $40k. However, the danger is not all gone, as we need to see follow-through buying in the days and weeks ahead. A combination
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BTCUSD (Coinbase) As we’ve anticipated, the Bitcoin selling continued to strengthen and the price reached the December 4th spike. Although some balancing occurred near $40,500, it’s not enough thus far to suggest the sentiment is shifting in favor of buyers. On the contrary, during the past week, we’ve witnessed an
BTCUSD (Coinbase) We’re back with the first weekly analysis for 2022 and the picture for Bitcoin continues to deteriorate. More specifically, the price is pressured below the daily 200 SMA, signaling shallow buying activity. With that being the case, we suspect BTC is poised for further weakness in the short-term,
BTCUSD (Coinbase) A “mini-Santa Claus rally” has ultimately occurred in Bitcoin and the price broke above a consolidation pattern we’ve talked about a week ago as well. However, thin liquidity conditions are not favorable for a more robust rally, which is why the price stalled around the 4h chart 200
BTCUSD (Coinbase) A combination of monetary tightening fears related to the Omicron variant, and weakening economic activity is having a major impact on risk assets, including Bitcoin. Volatility remains subdued, but what once was a “Santa Claus” rally is now a slow grind lower, communicating market participants are rushing for
BTCUSD (Coinbase) As we’ve highlighted a week ago, even though buyers entered around $42.5k after an impulsive selling that did not signal an end to the bearish move. The past week’s performance shows buyers were reluctant to continue bidding up the price and this could be the same until Wednesday
