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
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase price) Bitcoin continues its choppy trading phase and there doesn’t seem to be a sustained interest from the buy-side, the kind of which might trigger the next leg up. What’s encouraging for bulls, though, is that the price action found support several times around $30k-$29k. If that zone
BTCUSD (Coinbase) Bitcoin continued to underperform during the past week, as the US dollar consolidates higher and the global risk appetite is headed south. On top of the negative sentiment, the technical picture confirms buyers are not showing high interest to get involved. The triangle formation we’ve talked about last
BTCUSD (Coinbase chart) In line with our warnings last week, Bitcoin dropped more than 20%, finding support around the $30,000 area. Even though there wasn’t follow-through selling and the buyers managed to erase some of the losses, a new all-time had not been reached and in fact, we see the
BTCUSD (Coinbase chart) Bitcoin continues its impressive bull run and managed to reach $40,000. At the time of writing, the price is hovering near $41,000 after briefly touching $42,000. Even though there is still no sign of a short-term top, we can see massive divergence with the RSI, considering the
BTCUSD (Coinbase) The Bitcoin bullish parabolic move continued to extend impulsively during the holiday and with thin liquidity, valuations were pushed beyond $30,000 and are now trading around $34,500. Looking at the magnitude of the move, most of us are left stunned, but this is what it is and we
BTCUSD (Coinbase) Bitcoin defied the resistance area we’ve highlighted last week as well as the divergence with the RSI. Even though valuations managed to almost reach $28,000, there is now a larger divergence in play and that should put late buyers on hold, given there is a higher probability of
BTCUSD Coinbase Once it broke above the 2017 high, there was no turning back for Bitcoin, which had reached a level above $24,000 recently. This is an important milestone for the top cryptocurrency but at the same time, as we’re about to see, it could signal that a corrective structure
BTCUSD Coinbase The weekend activity had been bullish for Bitcoin thus far and now it looks like the all-time high will be under pressure again. Since the price found support around the 4h chart 200 SMA, it is very likely that now buyers had resumed in force and will threaten
BTCUSD Bitstamp December 2020 started with a bang for Bitcoin, considering the price managed to briefly reach a new all-time high. However, as we’ve warned multiple times during the past several weeks, the 2017 high should be a strong resistance level and sellers truly emerged impulsively there. In the short-term,
