BTCUSD Coinbase As we’ve anticipated a week ago, the Bitcoin price retested the November lows, but unexpectedly, dip buyers jumped in impulsively and drove the price higher. The impulsive move pushed the price above the 1h chart 200 MA and since then sellers did not manage to take it below.
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase The probability for a Bitcoin Christmas rally to unfold had diminished over the past week, given that the price action broke below the triangle formation mentioned in our last analysis. On top of that, there’s little sign of impulsive buying, meaning the next Bitcoin rally could be postponed
BTCUSD Coinbase Volatility seems to have settled, at least in Bitcoin’s case, given that we have the price trading in a triangular-type formation. The $7,700 resistance area mentioned a week ago held pretty nicely and the next key thing to watch will be the direction of the breakout. We anticipate
BTCUSD Coinbase As we’ve anticipated a week ago, Bitcoin bounced off the lows and managed to recover, but encountered resistance around $7,730, one of our resistance levels. We’re on Sunday and thus far the selling seems to intensify, the price currently hovering around the October lows located at $7,320. The
BTCUSD Coinbase We were right in our last weekly crypto analysis and Bitcoin managed to reach our downside targets. The price broke below $7,300, the October low, as a nice mid-term parabolic structure can be noticed on the chart. We can easily see how the price action treated the 4h
BTCUSD We’ve warned since two weeks ago that what’s happening with Bitcoin is a textbook “pump and dump” scheme and the price action development confirms our view. Exactly how we’ve talked in the last week crypto analysis that Bitcoin will retest the broken range and then head south, which is
BTCUSD Coinbase Bitcoin broke below the range structure which we’ve mentioned last week and now looks set to further erase the gains seen at the end of October. However, we believe it’s still possible the buyers will try to take the price up, but from our point of view, the
BTCUSD Coinbase As we’ve expected, the Bitcoin price did not manage to continue higher at the same impulsive pace and instead, in consolidated in a range for the past week. In our previous analysis, we’ve highlighted that the $9,000-$8,600 area will serve as support and so far, $9,000 had been
BTCUSD Coinbase A lot of twists and turns for Bitcoin during the past week, after weakening towards our targets and then surging impulsively on the upside. The massive rally covered more than $3,000 in less than two days, but now things look to have settled. We suspect the current consolidative
BTCUSD (Coinbase) During the past week, Bitcoin continued to weaken, but the selling had been capped by the lower line of the ascending channel which we’ve talked about a week ago. The price had already tested it twice in the past two days, communicating there’s relatively strong buying interest. As
