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
Weekly Crypto Analysis by Crypto Frontline
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
Bitcoin The falling pennant, which we have discussed in our last weekly crypto analysis, was breached on the upside and what followed is a relatively strong rally towards one of our targets located around the $4,000 zone. It seems like Bitcoin will end the year on a more positive
Bitcoin We’ve just started the second half of December and last two weeks of 2018 are right ahead, unfortunately not as good as we expected for Bitcoin. For the past week, the bulls were unable to break and hold the price action above the 3,500 key level and thus
Bitcoin The Bitcoin price continued to head south and breached below our short-term ascending channel, which we have spotted in our last weekly crypto analysis. As we have said then, a downside breakout will expose the 3,500 key support area, and that’s exactly what happened. The selling pressure had
Bitcoin After reaching the 3,500 support, which we have mentioned in our last weekly crypto analysis, the Bitcoin price started to consolidate higher in an upward channel. We already have several points confirming each side of the formation and now the question will be if the buyers will be able
Bitcoin Following the breakout of the 6,000 floor, Bitcoin continues to weaken impulsively, trading at 3,848 on the Bitfinex exchange, at the time of writing. Buyers had been very weak after the breakout, with only two small daily candles closing green. We suspect the price action will continue to
