Bitcoin During this past week, Bitcoin had moved lower following comments from the International Monetary Fund regarding digital assets. We’ve mentioned at the beginning of the week that Bitcoin volatility is compressed and a break should happen shortly. The breakout happened on the downside, but we are still inside
Weekly Crypto Analysis by Crypto Frontline
Bitcoin The price of Bitcoin continues to consolidate in a narrow range, but still, inside the triangle formation we have talked about several times in the last few months. What we can notice is the squeeze and also diminishing volatility, which is expected to generate a strong move after
Bitcoin Bitcoin volatility had been low for the past week and the price action had been fluctuating inside an ascending channel formation. It’s worth to mention that the 6,800 key level held again successfully, showing that sellers are still treating it as an important level. Since the price is
Bitcoin Although it had been under pressure for the first half of the week, the Bitcoin price had managed to rebound around the 6,100 area and managed to rally towards the key 6,800 level where it found short-term support. We have mentioned that level in our last weekly analysis
Bitcoin Following the massive selloff, we saw last week, the Bitcoin price managed to recover for the past few days, although we must say that thus far the recovery looks subdued. Looking at the chart, we see how sellers managed to protect the 6,550 resistance level and until now
Bitcoin Another red week for Bitcoin is about to end, after a news suggesting that Goldman Sachs will give up on its plans to open a Bitcoin trading operation. The price started to dip aggressively after almost reaching the 7,400 figure and at the time of writing is located at
Bitcoin The Bitcoin price continues to impress as it managed to progress higher over the past week. We have mentioned in our previous crypto analysis that if the price will manage to stay above an ascending trend line, the retracement higher is very likely to continue. That is exactly what
Bitcoin For the past week, the Bitcoin price had been building up, managing to break the upper line of the range we mentioned in our last weekly crypto analysis. Resistance emerged at 6,888, right where our resistance was located, but despite that, buyers managed to accumulate and now the
Bitcoin Volatility had been low for the past week and the Bitcoin price had been consolidating between 6,627 and the 6,000 key support level. However, the move does not seem like an accumulation of buyers and we expect it to fade in the next few days. At the present time,
Bitcoin The Bitcoin fall continued to extend for the past week, breaking below the 6,800 key support area. We have anticipated in our last weekly crypto analysis that it is very likely the bearish sentiment will further put pressure on the price and now, even though there is a
