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
Weekly Crypto Analysis by Crypto Frontline
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
BTCUSD (Coinbase) On Saturday Bitcoin took a strong dive and reached sub-$43k levels for the first time since the end of September. Even though the price bounced from the lows and it’s now consolidating in a tight range during Sunday, the selloff is a major warning sign for buyers. Things
BTCUSD (Coinbase) Things were rather balanced for Bitcoin until the Friday selloff occurred and now the token is about to end another week in the red. Fears related to a new strain of the coronavirus put all financial markets under pressure and cryptocurrencies were not spared. What’s even more important
BTCUSD (Coinbase) The Bitcoin price has been under pressure during the past week, moving away from the $65k area, a critical zone that would have confirmed a move higher, if buyers managed to keep the price above it. After two failed attempts, the sellers ended up on top and now
Rishi Sunak said that the potential British digital currency would coexist with the pound sterling. Read the Chancellor of the Exchequer’s statement here.
BTCUSD (Coinbase) Calmer tones continue to dominate BTC as now the price is trading below the October 20th high, a sign the bullish momentum weakened. We should see a break above new ATHs in order to have a confirmation the trend can further extend above $70k. During the past week,
Kazakhstan’s cryptocurrency miners are reportedly interested in complying with the national government’s regulation and taxation rules. This development comes as the Central Asian nation with a population of about 19 million people witnesses a flourishing virtual currency mining industry due to affordable power and the departure of cryptocurrency miners from
BTCUSD (Coinbase) It’s been a quiet week for Bitcoin as buyers have calmed down following a brief break above the April 14th all-time high. The fact that the price did not manage to keep above that line is a short-term sign of weakening momentum and should keep buyers on their
