BTCUSD Coinbase As we’ve already anticipated, Bitcoin encountered resistance around the descending trend line, with buyers unable to keep the price above it for more than 24 hours. However, the selling pressure seems to be weak, as the last 20+ candles of selling can barely cover less than 8 candles
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Bitstamp The price of Bitcoin managed to rebound around the $9,100 support and then edge higher towards the 4h chart 200 moving average. Currently sitting around the $10,650 area, there seems to be much weaker selling activity around the MA, which could point for some further gains. Still, Bitcoin
BTCUSD Bitstamp After retesting the 4h chart 200 moving average, Bitcoin started a new leg lower that seems to be headed towards the $9,000 area, where we could see some reactions from the buyers. A breakout below it could mean that the price will head towards the bottom line of
BTCUSD Coinbase As we have expected in our last weekly analysis, Bitcoin continued to weaken and reached a new July low at around $9,049. Looking at a bigger picture, we are in a downward flag, which is still a corrective price action formation. Although selling had intensified for the past
BTCUSD Coinbase Bitcoin started the week on an upward beat, but the sentiment was reversed by the Fed’s Powell Congress hearing, where regulatory concerns on Libra were discussed. Since then, Bitcoin broke back below the key $11,700 level and seems to be heading towards the 4h chart 200 moving average.
BTCUSD Coinbase Bitcoin continues to be in correction mode as the sellers managed to keep the price action below the key $11,700 area. A series of lower highs confirms the selling pressure had increased and we could witnessed fresh interest to sell in the following days. We suspect the price
BTCUSD Coinbase Bitcoin continued to march higher, above the $10,000 key resistance area and managed to a new 2019 high around $13.860. However, on June 26th it started to retrace impulsively, with around 30% of the value wiped out by 6 consecutive 4h chart candles. It is the most aggressive
BTCUSD Coinbase Bitcoin continues to exceed all positive expectations after managing to break above the key 10,000 resistance area. The bullish parabolic move continues to extend higher, and an increasing number of analysts predict the bottoming formation is completed. Despite the impressive performance in the past few months, we remain
BTCUSD Coinbase Bitcoin managed to find support around the 4h chart 200 moving average and since 9th of June is started to climb higher impulsively, recently breaking above the $9,000 key resistance area. Since the price managed to make a new 2019 high, we think there some more upside potential.
BTCUSD Coinbase The Bitcoin bull run took a break last week, as the price action continued to hover around the 4h chart 200 moving average. Sellers tried to break below it twice, but buyers were strong enough to keep the price action above it. However, the rejection is very weak,
