BTCUSD (Coinbase) Bitcoin buyers will need to wait a little longer until the pullback on the upside will materialize. The triangle formation mentioned a week ago did not turn out to be a valid structure and now we see the string of lower highs keeping the pressure elevated. Even though
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The symmetrical triangle formation we’ve talked about continues to be in play, as neither side of the market was able to generate a strong price action move. However, since the structure is almost full, we suspect a breakout and a burst of volatility is very likely to occur
BTCUSD (Coinbase) Bitcoin volatility continued to compress during the past week as the price is now trading inside a symmetrical triangle formation. There is still indecision in terms of the domination direction, which should keep both buyers and sellers more cautious over the next several days. The first clue for
BTCUSD (Coinbase) Bitcoin continued its run lower over the past week and got close to the $30,000 area for the first time since the end of January. In less than the month, the token shifted from near all-time highs to now threatening to break below this year’s low, communicating the
BTCUSD (Coinbase) A week ago we’ve warned that a breakout below a short-term ascending trend line could generate an impulsive selloff and as it can be easily noticed from our chat, the price dipped towards $46,000 before finding some buyers. However, the price action context continues to be favorable for
BTCUSD (Coinbase) Bitcoin had continued to recover from the April selloff, but still trades below the all-time high and not yet confirming the bias changed towards the bulls. At the time of writing, the price action is struggling to break above $58,300, which is why the prospects for a continuation
BTCUSD (Coinbase) A week ago we did not exclude a potential rebound in the BTC price and as it can be seen from the chart, that’s exactly what happened. The buyers took short-term control over the order flow but failed to break around our first major resistance zone located around
BTCUSD (Coinbase) As we’ve anticipated in our last weekly crypto analysis, Bitcoin continued to weaken due to deteriorating risk sentiment and overbought conditions on higher time frames. Looking at the 4h chart, the $50,000 area had recently acted as resistance, given the price action failed to break back above it,
BTCUSD (Coinbase) Weekend activity in Bitcoin had intensified as market participants are dumping the token on the back of negative headlines. Turkey announced a ban on Bitcoin payments and so far, the market does not seem to like the news. The selloff had started little below the $65,000 resistance area
BTCUSD (Coinbase) Bitcoin continues to press higher and the price is now hovering above $60,500 as buyers remain resilient. Since it is trading near the all-time high, our bias continues to be tilted towards the upside. If the resistance near $62,000 will fail to cap more buying, then the next
