BTCUSD Coinbase In our last weekly crypto analysis, we’ve highlighted that Bitcoin volatility was dropping as the price was ranging inside a triangle formation. The structure was broken on the upside on October 8th, and since then the buyers had regained control. Some short-term resistance seems to have emerged around
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase Bitcoin volatility continues to compress as does its price, currently trading inside a triangle formation. Given the high degree of uncertainty during the past few weeks, it is hard to anticipate the direction of the breakout, which means traders should play the structure until that happens. Support had
BTCUSD Coinbase The price of Bitcoin continued to fluctuate between a key support area located around $10,400 – $10,100, and the 4h chart 200 MA, which is also reinforced by a short-term descending trend line. Although the price had managed to recover some losses during the past few days, it
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
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,
