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
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) The longer-term Bitcoin picture had not been deteriorated, even though the price is struggling to break above $60,000 since mid-March. We can easily notice a key resistance area around $58k – $60k, but at the same time, a series of higher highs, the last two emerging around or
BTCUSD Coinbase Over the past week, the sellers had been in control as the BTC price failed to break above the former February all-time high located around $58,300. Now the price is moving lower inside a downside channel that so far had been respected by the market accurately. As long
BTCUSD (Coinbase) Even though a week ago conditions were favorable for a continuation higher, Bitcoin failed to do that. Rising US dollar combined with news from India potentially preparing a ban on crypto use had deteriorated the sentiment and BTC dipped below $58.3k, a key role reversal level. Since the
BTCUSD (Coinbase) After continuing the recovery during the week, Bitcoin managed to break above the prior all-time and now is trading above $60,000 for the first time in history. Based on prior similar occasions, a breakout above new ATHs had been followed by sustained buying, which is why it is
BTCUSD (Coinbase) As we’ve anticipated a week ago, Bitcoin managed to rebound from the lows and even managed to surpass the $50,000 mark before finding resistance. The upside was capped around $51.8k and for now, that is where sellers are expected to rejoin the trend. Yesterday, the US Senate passed
BTCUSD (Coinbase) The inevitable had occurred and Bitcoin is now poised to end the week with sharp losses. The price tumbled from a record high to as low as $44,000, communicating there is little interest from the buy-side. However, as the week is wrapping up, the price is also approaching
BTCUSD (Coinbase chart) The last week of February is about to start and the Bitcoin rally sees no end in sight. The price managed to exceed our last week’s upside target and it is now poised for a continuation towards the key $60,000 area. Looking at the 1h chart, we
BTCUSD (Coinbase chart) Bitcoin finally broke above the January 8th high last Monday and since then it never looked back. We can see on the chart how the price action is floating above the 4h chart 20 EMA, treating as a short-term support level. As long as the structure won’t
BTCUSD (Coinbase chart) Bitcoin buying improved over the past week as the price continued to rise towards the $40k area, where it encountered short-term resistance yesterday. Overall, the price is heading towards the upper area of the corrective structure that started on January 8th. Buyers need to be aware that
