BTCUSD Coinbase A week ago, the Bitcoin price action context looked uncertain, but over the last few days, developments had shown that buyers are back in control. That happens because the price broke above the April 7th high and since then it treated the level as support. A new higher
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase Bitcoin broke below the channel formation we’ve talked about in our last weekly crypto analysis but found support after touching the 4h chart 200 moving average. Since then, the price had retested the broken channel three times and buyers were unable to break back inside the structure. The
BTCUSD Coinbase The month of April continues to see Bitcoin with lower volatility and with losses erased. After almost reaching the $7,500 area, the price weakened once again below $7,000, but despite of that, it is trading inside a bullish channel formation. Despite a choppier performance, Bitcoin is recovering and
BTCUSD Coinbase Selling activity had been very weak during the past week and Bitcoin buyers gradually squeezed the price towards the key $7,000 area. Even though the price did not break and close above it on the 4h chart, we see that the reaction from the sellers is not convincing
BTCUSD Coinbase As we’ve anticipated in our last weekly crypto analysis, the price of Bitcoin did not manage to break above the $6,400 – $6,800 resistance area and since a few days ago it started to head south again. Breaking below a short-term ascending trend line is another key technical
BTCUSD Coinbase As we’ve anticipated in our last weekly crypto analysis, Bitcoin had rebounded higher, towards the broken December 2019 lows, and then stalled. We can easily notice a resistance area had formed around $6,500-$6,800 and thus far the buyers had not been able to break impulsively above it. How
BTCUSD Coinbase Bitcoin had not managed to hold the high valuation as the entire financial system continues to edge south during the past week. The price dipped more than 50% on the Coinbase exchange, as investors rushed into cash. Unfortunately, the move was so impulsive that it drove Bitcoin below
BTCUSD Coinbase After reaching the key support area we’ve mentioned in our last weekly crypto analysis, Bitcoin bounced higher, but it turns out to be just a short-term market reaction. During the past 20 hours, selling had resumed strongly and now it’s very likely we’ll see the price breaching back
BTCUSD Coinbase The Bitcoin sentiment shifted to the downside during the past week as risk aversion soured across all financial markets. With economic uncertainty growing, investing in cryptocurrencies does not seem to be the best way to allocate capital and as a result, Bitcoin is back around the $8,500 area.
BTCUSD Coinbase Bitcoin had quite a choppy week, with either buyers or sellers managing to fully take control over the order flow. The price action had been volatile, with brief selloffs followed by a response from the buy-side. However, the downside had been contained around the key $9,500 area and
