BTCUSD Bitstamp Last Sunday Bitcoin dropped impulsively after testing our $4,173 resistance level, and since then no significant activity can be seen. The price action had been locked in a range between $3,873 and $3,715 and until a breakout on either side will take place, we’ve changed our outlook
Weekly Crypto Analysis by Crypto Frontline
BTCUSD Bitstamp During the past week, the Bitcoin price managed to break above the consolidation structure and as we can see, strong gains followed. Right now, Bitcoin is close to challenging the December 2018 highs, but despite the positive momentum, we would like to remain cautious. Even though significant gains
BTCUSD Bitstamp Bitcoin volatility shrank for the past week, which is a good thing for bulls, considering that the consolidation took place after a breakout above the 4h chart 200 moving average. We suspect the area above and around the MA will act as significant support, raising the odds of
BTCUSD-Bitstamp Although the first part of the week started with more selling pressure, since February 8th, the Bitcoin price managed to stage an impressive recovery, managing to bank an approximately 10% gain, top tick to bottom tick. Despite the fact we are now little above the 4h chart 200 moving
BTCUSD No positive development took place with the price of Bitcoin took place for the past week and the price action structure continues to point towards further losses. The sellers managed to break below the $3,526-$3,490 area and now it is expected to act as resistance. However, the upside had
BTCUSD For the past week, we saw very little activity in the Bitcoin price and the compression into a small range could signal a bigger move lies ahead. It’s interesting to note that Bitcoin consolidated right around the $3526-$3,490 support area, which coincides with a swing point made back in
Bitcoin Although it surprised us in a positive way, the Bitcoin price managed to make a slight rebound last week and a bullish parabolic-type formation begins to unfold. If we look at the 1h chart above, we see new higher lows and higher highs, communicating that the buying pressure
Bitcoin The volatility returned in the cryptocurrency market and Bitcoin had been impacted by it in a negative way. Since January 10th, the price action weakened impulsively, breaking below the 4h chart 200 MA and did not manage to rebound ever since. The break below an important moving average is
Bitcoin As we have expected in our last weekly crypto analysis, there was little activity for the past week and Bitcoin continued to consolidate in a narrow range. However, as we can notice, there’s a nice symmetrical triangle formation on the 1h chart which is expected to be breached
Bitcoin Unfortunately, Bitcoin did not manage to maintain the same level of strength and the price action started to weaken. The price topped around 4,200 and as we have expected in our last weekly crypto analysis, the area around the 4h chart 200 MA acted as support. The only positive
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