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,
Weekly Crypto Analysis by Crypto Frontline
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
Bitcoin Bitcoin had traded in a narrow range for the past, but still, it is located above the ascending trend line we’ve talked about in our last week crypto analysis. Since no breakout took place on the downside, we maintain our view and expect the price to continue to head
Bitcoin Since our last weekly analysis, the Bitcoin price had continued to be under pressure and we have managed to anticipate the move, as well. We’ve mentioned that is very likely the bearish leg will continue to extend and that is exactly what happened. However, as you can see from
Bitcoin The last week had been negative for Bitcoin which had dropped by more than 20%. Our key resistance area located around 11,500 held for the third time and a new aggressive selling wave had started from that point. Looking at the entire leg, we can see six red daily
Bitcoin For the past week, the Bitcoin price had a decent performance, bottoming around the 9,500 area and rising towards our key resistance level located around 11,500. Even though the price action dropped by 2% in the middle of the week, following an SEC probe, all the losses had been
Bitcoin As we’ve anticipated in our previous weekly analysis, the Bitcoin price had encountered resistance around the 11,500 area. We can see a small pin bar on the daily chart and since then, for the last five days, sellers had been in control. The fear of regulation is the main
Bitcoin The Bitcoin price had seen the strongest recovery since the beginning of the year during the last week. Investors had been eager to buy after the Bitcoin price reached the 6,000 area on the Coinbase exchange. However, we can see a resistance area formed by the 11,000-11,500 figures, and
Bitcoin The Bitcoin price had been under pressure at the beginning of the week, reaching the 6,000 area and since then it had managed to rebound towards the 9,000 level. However, even though this bullish corrective move took place, the price action context does not show that a market reversal
