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
Weekly Crypto Analysis by Crypto Frontline
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
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
