Crypto Frontline

Weekly Crypto Analysis by Crypto Frontline

    Weekly Crypto Analysis April 26th – May 2nd, 2021

Weekly Crypto Analysis April 26th – May 2nd, 2021

BTCUSD (Coinbase) As we’ve anticipated in our last weekly crypto analysis, Bitcoin continued to weaken due to deteriorating risk sentiment and overbought conditions on higher time frames. Looking at the 4h chart, the $50,000 area had recently acted as resistance, given the price action failed to break back above it,

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    Weekly Crypto Analysis April 19-25, 2021

Weekly Crypto Analysis April 19-25, 2021

4.8 out of 5

BTCUSD (Coinbase) Weekend activity in Bitcoin had intensified as market participants are dumping the token on the back of negative headlines. Turkey announced a ban on Bitcoin payments and so far, the market does not seem to like the news. The selloff had started little below the $65,000 resistance area

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    Weekly Crypto Analysis April 12-18, 2021

Weekly Crypto Analysis April 12-18, 2021

4.8 out of 5

BTCUSD (Coinbase) Bitcoin continues to press higher and the price is now hovering above $60,500 as buyers remain resilient. Since it is trading near the all-time high, our bias continues to be tilted towards the upside. If the resistance near $62,000 will fail to cap more buying, then the next

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    Weekly Crypto Analysis April 5-11, 2021

Weekly Crypto Analysis April 5-11, 2021

BTCUSD (Coinbase) The longer-term Bitcoin picture had not been deteriorated, even though the price is struggling to break above $60,000 since mid-March. We can easily notice a key resistance area around $58k – $60k, but at the same time, a series of higher highs, the last two emerging around or

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    Weekly Crypto Analysis March 29 – April 4, 2021

Weekly Crypto Analysis March 29 – April 4, 2021

4.8 out of 5

BTCUSD Coinbase Over the past week, the sellers had been in control as the BTC price failed to break above the former February all-time high located around $58,300. Now the price is moving lower inside a downside channel that so far had been respected by the market accurately. As long

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    Weekly Crypto Analysis March 22-28, 2021

Weekly Crypto Analysis March 22-28, 2021

4.8 out of 5

BTCUSD (Coinbase) Even though a week ago conditions were favorable for a continuation higher, Bitcoin failed to do that. Rising US dollar combined with news from India potentially preparing a ban on crypto use had deteriorated the sentiment and BTC dipped below $58.3k, a key role reversal level. Since the

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    Weekly Crypto Analysis March 15-21. 2021

Weekly Crypto Analysis March 15-21. 2021

4.8 out of 5

BTCUSD (Coinbase) After continuing the recovery during the week, Bitcoin managed to break above the prior all-time and now is trading above $60,000 for the first time in history. Based on prior similar occasions, a breakout above new ATHs had been followed by sustained buying, which is why it is

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    Weekly Crypto Analysis March 8-14, 2021

Weekly Crypto Analysis March 8-14, 2021

4.8 out of 5

BTCUSD (Coinbase) As we’ve anticipated a week ago, Bitcoin managed to rebound from the lows and even managed to surpass the $50,000 mark before finding resistance. The upside was capped around $51.8k and for now, that is where sellers are expected to rejoin the trend. Yesterday, the US Senate passed

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    Weekly Crypto Analysis March 1-7, 2021

Weekly Crypto Analysis March 1-7, 2021

4.8 out of 5

BTCUSD (Coinbase) The inevitable had occurred and Bitcoin is now poised to end the week with sharp losses. The price tumbled from a record high to as low as $44,000, communicating there is little interest from the buy-side. However, as the week is wrapping up, the price is also approaching

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    Weekly Crypto Analysis February 22-28, 2021

Weekly Crypto Analysis February 22-28, 2021

4.8 out of 5

BTCUSD (Coinbase chart) The last week of February is about to start and the Bitcoin rally sees no end in sight. The price managed to exceed our last week’s upside target and it is now poised for a continuation towards the key $60,000 area. Looking at the 1h chart, we

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