BTCUSD Coinbase Bitcoin had not managed to hold the high valuation as the entire financial system continues to edge south during the past week. The price dipped more than 50% on the Coinbase exchange, as investors rushed into cash. Unfortunately, the move was so impulsive that it drove Bitcoin below
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Coinbase After reaching the key support area we’ve mentioned in our last weekly crypto analysis, Bitcoin bounced higher, but it turns out to be just a short-term market reaction. During the past 20 hours, selling had resumed strongly and now it’s very likely we’ll see the price breaching back
BTCUSD Coinbase The Bitcoin sentiment shifted to the downside during the past week as risk aversion soured across all financial markets. With economic uncertainty growing, investing in cryptocurrencies does not seem to be the best way to allocate capital and as a result, Bitcoin is back around the $8,500 area.
BTCUSD Coinbase Bitcoin had quite a choppy week, with either buyers or sellers managing to fully take control over the order flow. The price action had been volatile, with brief selloffs followed by a response from the buy-side. However, the downside had been contained around the key $9,500 area and
BTCUSD Coinbase Bitcoin had managed to reach the October 2019 highs, as we’ve expected for a few weeks in a row, but it did not manage to break higher, communicating that a short-term setback could continue to unfold. During the past few days, the price action retraced from $10,500 towards
BTCUSD Coinbase Bitcoin continued to march higher during the past week after our key $9,200 support held successfully. The price action recently broke above the $10,000 psychological area, very good news for buyers. Since a breakout above the October 28th high is now a fact, the prospects for further gains
BTCUSD Coinbase Bitcoin had continued to break higher this week and managed to exceed the previous January high. After breaking above $9,195, we can easily see the price action consolidating in a narrow range. Since the reaction from the sellers had been so weak + the broken resistance had been
BTCUSD Coinbase The past week had been negative for Bitcoin after the price action found resistance around the $9,200 area. It broke below the key area mentioned in our last weekly crypto analysis and since then buyers had been unable to break back above it. At the time of writing,
BTCUSD Coinbase The Bitcoin price continues to march higher, recently overcoming the $9,000 mark. Looking at the price action context, we’re dealing with a bullish parabolic structure that should provide consistent upside momentum, until a strong resistance will be reached. Based on the current conditions, we suspect Bitcoin will continue
BTCUSD Coinbase As we’ve anticipated a week ago, Bitcoin broke above the range structure and after retesting the higher bound, it looks set to continue higher. The breakout + retest formation confirms the market had switched to the bullish move and we expect the price to continue up, until $8,900
