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
Weekly Crypto Analysis by Crypto Frontline
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
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
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,
