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
Weekly Crypto Analysis by Crypto Frontline
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
Bitcoin Since our last weekly crypto analysis, the Bitcoin price had weakened significantly. We were expecting sellers to resume heavily around 8,550-8,840 but actually, the price started to dip below it. It seems like the main reason had been the rejection by the SEC of a new Bitcoin ETF. The
Bitcoin Since our last weekly crypto analysis, the Bitcoin price had been able to advance further, breaking above the 7,750 resistance level and finding short-term resistance close to 8,500. The price had become choppier, meaning sellers are showing stronger interest to sell. Most likely, July will end up being the
Bitcoin We have managed to anticipate again the price movement as you can see in our last weekly crypto analysis. The head and shoulders pattern worked out perfectly, with the bulls breaking impulsively above the neckline, located at 6,800 area. For the past few days, the Bitcoin price entered in
Bitcoin As we have anticipated in our last weekly analysis, the Bitcoin price had continued to recover for the past week, although at a moderate pace. The price action had reached our 6,800 resistance area and at the time of writing is consolidating lower. Since the price did not manage
Bitcoin For the past week, Bitcoin had continued to weaken and made a new 2018 low. The price had dipped towards 5,800 and since then it managed to stabilize and trade in a range that we have highlighted in the chart above. It seems like the buyers had been accumulating
