BTCUSD (Coinbase) Nothing seems to stop the Bitcoin rally and the market entered the month of December on a positive footing. The bullish channel we have already discussed continues to hold, which is why we can now see BTC inching close to the major $40,000 resistance zone. When we see
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin’s upside seems to be losing steam, although the price continued to move inside the channel we talked about last week. However, early signs of weakness are emerging, given sellers are already pushing BTC below the channel, meaning we might be at the start of a corrective move.
BTCUSD (Coinbase) Although momentum slowed, Bitcoin continues to be in an uptrend. Buyers are eager to buy each dip, which leaves most of the recent gains intact. We can see on the 4h chart how the price fluctuates inside a short-term ascending channel. As long as the structure remains in
BTCUSD (Bitstamp) The price of Bitcoin settled down after the impressive move higher and now we see market participants focused on smaller altcoins. That’s where they can find higher potential for growth, so it should not be a surprise to see Bitcoin rather muted. Based on our technical analysis, BTC
BTCUSD (Coinbase) It has been an impressive week for Bitcoin and that comes although major stock markets slumped. Ironically, BTC was treated as a safe haven, according to the media, during a time of geopolitical unrest in the Middle East. Some say the move is in anticipation of a US-listed
BTCUSD (Coinbase) Although tensions in the Middle East have not abated and there are high uncertainties over how the situation will play out, market participants are seeing Bitcoin as a safe-haven. Bonds and stocks were down last week, yet BTC surged impressively, breaking above our $30,000 psychological level. Even though
BTCUSD (Coinbase) Although some BTC selling can be spotted last week, we can see that sentiment has improved this Monday. The price is back up, close to the daily 200 SMA, which acted as resistance for a couple of weeks. Given the rising geopolitical tensions in the Middle East, it
BTCUSD (Coinbase) Bitcoin’s positive seasonality is leading the charge, as we see the price pointing upward. The bottoming seems to be completed, given the market respects an ascending trend line and we see higher highs/higher lows. The price cleared the resistance around $28,200, corrected lower, but now we see how
BTCUSD (Coinbase) Bitcoin moved up last week, reaching $28,100, a key resistance level highlighted in the past. Sentiment has improved and now we believe there’s a greater probability for a retest of $30,000, given this is the best seasonal period of the year for crypto. Pullbacks shouldn’t be ruled out,
BTCUSD (Coinbase) Bitcoin’s bullish momentum stalled and as we can see from the chart, the picture doesn’t look good for buyers. A trend line going back to July when the downturn started continues to cap the upside, which means the price is locked in between $27,000 and $25,000 for now.
