BTCUSD (Coinbase) Although Bitcoin buyers were able to push the price towards new highs, the gains are not impressive, suggesting the bullish sentiment is weakening. BTC is now above the $40k area by a large, yet sellers are more active around the daily 200 SMA, which is thus far preventing
Weekly Crypto Analysis by Crypto Frontline
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BTCUSD (Coinbase) Bitcoin managed to break above the $41k area and reached the daily 200 SMA where it is currently struggling to cope with some selling interest. The move up is very impulsive and solid, suggesting buyers have been entering the market in full force. However, this does not mean
BTCUSD (Coinbase) The Bitcoin recovery continued as the price managed to reach and even break above the $40,000 key resistance area, It also managed to overcome the high seen on June 15th and that is negating the short-term bearish bias we had in place. Looking ahead, it would be critical
BTCUSD (Coinbase) After weeks of waiting, Bitcoin buyers have finally stepped in more aggressively and pushed the price away from the $30k key support area. At the time of writing, BTC is consolidating above the $34k area, having breached above the 4h chart 200 SMA, a dynamic resistance level that
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BTCUSD (Coinbase) Another week and more losses for Bitcoin, with the only positive news seen in the reduction of the volatility and aggregate value lost. The price is trading inside a bearish channel and looks poised for a retest of the key $30k area unless the structure highlighted in our
BTCUSD (Coinbase) Bitcoin volatility is still low and has been for the past week, showing the same indecision among market participants. The price continues to treat the daily 20 EMA as resistance yet the selling emerging around it very weak, communicating a subtle change in the order flow might be
BTCUSD (Coinbase) Although it is far from a strong bounce, Bitcoin had posted some gains over the past few days, suggesting the selling pressure is not so intense. The price had formed a higher low and a higher high on the 4h chart and now all that’s left is to
BTCUSD (Coinbase) The Bitcoin sentiment continued to deteriorate at the beginning of the past week, given the price breached below $30,000, erasing all gains for the year. Even though the key support area highlighted in our chart is still holding, we don’t have a strong confirmation for any change in
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