AXIA Systems Incorporated announced the official launch of its inclusive financial ecosystem project. The asset-supported international cryptocurrency AXIA Coin’s developer has reportedly worked on the ingenious model for several years. We find this report significant for our readers to learn about. We think it demonstrates the vibrant and ever-expanding cryptocurrency
Weekly Crypto Analysis by Crypto Frontline
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
BTCUSD (Bitstamp) Bitcoin stumbled into strong resistance around $40,000 and had been rolling off for the past several days. Downside pressure on stock markets, combined with a rising US dollar, both acted as a headwind for BTC and now we see the token heading back to the $31,000 area. It
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
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
