Bitcoin Since our last weekly crypto analysis, the price of Bitcoin managed to stabilize and the ascending trend line held successfully. However, thus far the recovery is very fragile, leaving the risks to the downside intact. We talked last week about the decreasing angles of the bullish legs and the
Weekly Crypto Analysis by Crypto Frontline
Bitcoin We are back with the price of Bitcoin of the daily chart, where the performance is not good for the buyers. The price had been under pressure since the beginning of May and the main reason had been an investigation started by the US Department of Justice wanting to
Bitcoin What we are witnessing is a continuing decline in volatility when it comes to Bitcoin and that is why we have decided to switch to the 4h chart this week. For the past week, the coin had continued to weaken, after finding resistance around the 8700 level. The level
Bitcoin In our last weekly crypto analysis, we’ve warned against a new selloff in Bitcoin and as you can see we were right. Despite the short-term break above the descending trend line, the price had resumed the downside and continues to be under pressure. The main reason why this
Bitcoin For the past week, the Bitcoin price had been consolidating higher and managed to break above the descending trend line, which was mentioned in our last weekly analysis. Despite positive news for Bitcoin, like the one from Goldman Sachs, the price did not have a strong reaction and even
Bitcoin The price of Bitcoin did not manage to maintain the same momentum for the past week and the resistance area where sellers balanced the order flow is formed by the descending trend line we’ve mentioned last week and the 9,300 level. We see selling interest around that point and
Bitcoin The world’s leading cryptocurrency had continued to recover for the past week and almost reached our resistance level, located at 9,000. Not too long ago, at the end of March, the price treated the level as resistance and we suspect sellers might resume there. We’ve also spotted a descending
Bitcoin The Bitcoin price had rallied this week, surging from the 6,500 to 8,100 at the time of writing. Even though Bank of America talked about the Bitcoin bubble recently, the price had managed to recover and the prospects for some further gains are encouraging. The price started to rise,
Bitcoin The Bitcoin price had not continued to dip at the same pace for the last week, which could signal buyers are balancing the order flow. The price action is now close to an ascending trend line we’ve spotted on the daily chart. It will be interesting to watch how
Bitcoin Contrary to our expectations, the price of Bitcoin had continued to fall and three days ago broke impulsively below our ascending trend line. Following the breakout, there had been limited interest to buy, which confirms that the move could continue to extend lower. We suspect the move will head
