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
Weekly Crypto Analysis by Crypto Frontline
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,
BTCUSD Coinbase For the first time after seven consecutive bullish weeks, Bitcoin dropped by more than 10% in less than two days, banking the sharpest selloff since September 1st. The buyers stepped in around $16,200 and managed to push the price past $18,000, which means the token now has limited
BTCUSD Coinbase Considering the Bitcoin rally continues at the same impulsive pace, it is time to look around the December 2017 all-time highs. At the time of writing the price trades around $17,900 after reaching the $18,900 area a day before. As the price gets close to $19,850 we should
BTCUSD Coinbase Bitcoin continues to go up relentlessly and the price action structure still does not show any sign of weakening bullish momentum. As you can see from our chart, the price is trending above the 4h chart 20 EMA, finding support multiple times since October each time the sellers
