BTCUSD Bitstamp After breaking above the consolidation structure we’ve talked about a week ago, Bitcoin continued to recover but encountered resistance around $11,100, a resistance reinforced by the 4h chart 200 MA. Since the RSI was also easing after reaching overbought territory, the price action seems to have stalled for
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Bitstamp The $10,000 area had been strong-enough support for Bitcoin and the past week, the price formed a short-term bottoming formation around it. However, the upside had been limited and the $10,500 capped further buying. It’s good to see the RSI rising from oversold levels, but compared to the
BTCUSD Bitstamp In our last weekly crypto analysis, we were right in our assumption that Bitcoin can continue lower, towards the key $10,500 support. The selling pressure had been stronger than we have thought, and the price actually found support around the $10,000 key support area. The market activity is
BTCUSD Bitstamp In our last weekly crypto analysis, we’ve highlighted that if Bitcoin continues to trade below the 4h chart 20 EMA, that would be a negative sign and the downturn could persist. That’s exactly what happened, and we currently see the price still in the corrective phase. The activity
BTCUSD Bitstamp On August 17th, Bitcoin finally managed to break above $12,000 but the follow up had been contrary to what bulls might have expected. There wasn’t enough momentum to keep the price action extending higher and not only that, but Bitcoin is now in the negative on a weekly
BTCUSD Bitstamp Bitcoin buyers are relentlessly pushing the price towards the key $12,000 area and all of a sudden the price is favoring a breakout and continuation higher. As highlighted in the chart, we’re dealing with a rising triangle or price action squeeze formation, communication buyers are entering at higher
BTCUSD Coinbase The Bitcoin upside momentum had weakened a bit during the past week since the price did not manage to break above the $12,000 key resistance area. Still, we can notice the buyers were active around the 4h chart 20 EMA, buying each short-term dip. At the same time,
BTCUSD Coinbase Bitcoin had quite an impressive run during the past week, breaking above the key $10,000 area and reaching the $12,000 mark for the first time since August 2019. The surge on the upside had been very impulsive, but as we are writing these lines, impulsive selling had been
BTCUSD Coinbase Bitcoin bullish activity had resumed after buyers managed to break above the triangle pattern we’ve talked about in our last weekly crypto analysis. At the same time, the breakout above the 4h chart 200 MA had been a major technical development, favorable for the bulls. As you can
BTCUSD Coinbase The Bitcoin price action continues to be locked inside a short-term triangle formation and the diminishing volatility suggests an impulsive move is not far away. Since the structure is close to being filled, we suspect a stronger move will start to unfold during the next week. If the
