BTCUSD (Coinbase) Bitcoin buyers continued to gain some ground last week and as we wanted, the price managed to break and hold above the daily 200 SMA. That seems to be the case so far and suggests the balance has shifted in favor of bulls. However, looking at our chart
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Bitcoin ended flat last week as volatility compressed. Even though the risk sentiment improved across all financial markets, it did not end as a positive factor for BTC’s performance. We believe the main reason for that is the break below $53k. That generated a lower high and now
BTCUSD (Coinbase) In line with our expectations, Bitcoin did manage to rebound substantially, as risk sentiment stretched on the downside. Although it broke above $60k, the combination of the 20 EMA and 200 SMA on the daily chart turned out to be strong. The price is now seen retracing lower
BTCUSD (Coinbase) Bloodbath is the keyword for the beginning of August, given the entire crypto market is under heavy pressure. A confluence of factors is weighing heavily on all risk assets, including major stock markets, and we would like to take a couple of lines to talk about that. After
BTCUSD (Coinbase) The uptrend continues and we can notice that BTC almost touched the $70k resistance before starting to weaken mildly. At the same time, the price action is still inside a bullish channel, reinforcing our view for sustained momentum. Donald Trump’s comment at a Bitcoin conference during the weekend
BTCUSD (Coinbase) Bitcoin is back in full swing as the market marches higher, recovering most of June’s losses. While major stock markets have been under heavy pressure last week, BTC seems to be ignoring the crowd. The divergence in terms of correlation acts as a boost because when there aren’t
BTCUSD (Coinbase) The market is back in full swing starting from Monday when we see Bitcoin up substantially. As things stand right now, the price action tilted in favor of bulls once again, and we suspect there are more gains to come. We can confidently say that for several reasons.
BTCUSD (Coinbase) We warned in our last analysis that a break below $60k is a bearish sign for BTC and as that scenario unfolded, follow-through selling pushed the price towards $54k. It seems like the market was frontloading as the hacked exchange Mt. Gox wants to liquidate holdings in order
BTCUSD (Coinbase) In line with our last week’s projections, Bitcoin continued to weaken and found support around the $60k – $61k key area. Despite a temporary break, the market could not keep the price below that zone for more than four hours. Additionally, we are now seeing further signs of
BTCUSD (Coinbase) Bitcoin selling intensified last week and the price broke below our support at $65,000. Additionally, as the chart above shows, BTC continues to respect a bearish trend line and treats the 20 EMA on the 4h chart as resistance. Those signs suggest the bears are in control and
