BTCUSD (Coinbase) For the past week, the Bitcoin price consolidated in a triangle-type formation, a sign of strength, considering that the consolidation follows a very impulsive move. Sellers had not been able so far to take control over the order flow, which makes a breakout on the upside the most
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase chart) For the past week, Bitcoin had been more unstable and the bull run that started back in April had shown some signs of weakness. The price action retraced from the $8,300 area towards $6,600 on the Coinbase exchange, where it found support. Since at the time of
BTCUSD (Coinbase) The Bitcoin impressive move higher continues to exceed our expectations, as the price recently reached the $7,400 key resistance level, which coincides with a swing high made back in September 2018. Once again Bitcoin edges up impulsively during a weekend when the liquidity and daily volumes are very
BTCUSD (Coinbase) Same as April, the month of May started with an upbeat tone for Bitcoin, which had broken above the last month high and reached our key $5,790 – $5,890 resistance area standing around a previously broken floor. Thus far the buyers were unable to push the price action
BTCUSD (Coinbase chart) The positive momentum in Bitcoin seems to have faded in the last few days, as the price weakened, despite managing to reach the $5,600 area. Also, the price action breached below the ascending trend line we’ve talked about two weeks ago, another bearish signal, which might communicate
BTCUSD Coinbase Although we’ve seen some weakness in Bitcoin more than a week ago, it seems like buyers are keeping their ground firmly. An ascending-type triangle formation is currently unfolding, communicating that sellers are being squeezed out of the market. Traders should watch for breakouts around $5,345 and $5,500 area,
Bitcoin (Bitstamp chart) Although it managed to start the month of April in a strong way, Bitcoin did not manage to sustain the bull run for the past week and the price action stalled around the $5,200-$5,326 key resistance area. A false break setup took place on April 10th, trapping
BTCUSD (Coinbase chart) The less likely scenario mentioned in our last weekly crypto analysis occurred and what followed is a massive breakout which led the Bitcoin price to a new 2019 high, located around $5,350 on the Coinbase exchange. At the present time, the price seems to struggle around the
BTCUSD (Coinbase) The bullish parabolic structure continued to advance higher after the buyers started to rebound around the 4h chart 200 moving average. It’s encouraging to see Bitcoin managed to make new weekly highs, but still, volatility and volumes remain very low. As you can see from our chart, we’ve
BTCUSD Bitstamp For the past week, the Bitcoin momentum continued to be weak, which is why the price action had been consolidating between $4,036 and $3,925 levels. Another brief selling which wiped out a few days of gains took place in the middle of the week, communicating how fragile the
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