BTCUSD Coinbase Bitcoin had quite an impressive run during the past week, breaking above the key $10,000 area and reaching the $12,000 mark for the first time since August 2019. The surge on the upside had been very impulsive, but as we are writing these lines, impulsive selling had been
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase Bitcoin bullish activity had resumed after buyers managed to break above the triangle pattern we’ve talked about in our last weekly crypto analysis. At the same time, the breakout above the 4h chart 200 MA had been a major technical development, favorable for the bulls. As you can
BTCUSD Coinbase The Bitcoin price action continues to be locked inside a short-term triangle formation and the diminishing volatility suggests an impulsive move is not far away. Since the structure is close to being filled, we suspect a stronger move will start to unfold during the next week. If the
BTCUSD Coinbase As we’ve expected in our last weekly analysis, Bitcoin was unable to break above the 4h chart 200 MA stay there. Sellers emerged with strength and now the price continues to consolidate below the moving average. The next week could be key in determining the next impulsive direction
BTCUSD Coinbase The past week had seen Bitcoin mostly flat, with buyers not managing to hold the short-term gain. The price is close to the level it was when we wrote our past weekly analysis and that’s not a very encouraging sign, viewed from a broader picture. Bitcoin continues to
BTCUSD Coinbase Bitcoin had broken impulsively below the 4h chart 200 moving average and since then it continues to be under selling pressure. At the time of writing is sits little under the $9,000 mark but we believe there is more room to go on the downside. From a broader
BTCUSD Coinbase Bitcoin continues to quietly consolidate inside a triangle pattern, but since the formation is close to being filled, a breakout and spike in volatility look imminent. At this point, it is really hard to anticipate the next direction of price, considering the break will be the most important
BTCUSD Coinbase Following the false break above the $10,000 area, Bitcoin had remained subdued, as we’ve expected in our last weekly crypto analysis. It tested again the key area and then resumed selling, almost touching the $9,000 mark. The support area around $9,200-$9,400 had capped the downside so far, but
BTCUSD Coinbase Bitcoin buyers showed some momentum at the beginning of the week and managed to break above the key $10,000 area. However, it wasn’t enough to spark a continuation higher, since the price action was unable to stay above the area. Since then, Bitcoin had been consolidating below $10,000,
BTCUSD Coinbase The triangle formation we’ve talked about in the future is almost filled and just a few hours ago the buyers managed to break above it. However, there’s no follow-through buying for now, which means this could also be a false break or fakey. Traders should watch how the
