BTCUSD (Coinbase) Last week we had a confirmation that markets are heavily focused on the BTC ETF launch. It took only an unconfirmed negative news to plunge by 5%. Still, the uptrend continues to be intact, as the daily chart shows. You can easily see how the market treats the
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) We’re back from the holidays and the script remains the same – Bitcoin continues to go up. Currently, the price is hovering above $45,000, a key level we’ve talked about in the past. It looks like the enthusiasm around a US-listed ETF drives bullish appetite, so this could
BTCUSD (Coinbase) Happy holidays to all our readers! It’s the last week of 2023 and as expected, Bitcoin volatility is compressing. The coin staged an impressive rally this year, so there’s no point for market participants to make a strong push now. As our chart shows, the price action fluctuates
BTCUSD (Coinbase) The market is gearing up towards the final two weeks of 2023 in a consolidative mode. Bitcoin came close to retesting the $40,000 key level and found support. However, it wasn’t the start of a new leg up as the upside was capped around $43,000. Given BTC is
BTCUSD (Coinbase) This week seems to be starting with a backdrop since Bitcoin is down 3% today. Moreover, as our chart shows, we can see that the price stumbled into resistance at $45,000 and then retraced 10%. Buyers saw the dip as an opportunity to increase their long exposure, hence
BTCUSD (Coinbase) Nothing seems to stop the Bitcoin rally and the market entered the month of December on a positive footing. The bullish channel we have already discussed continues to hold, which is why we can now see BTC inching close to the major $40,000 resistance zone. When we see
BTCUSD (Coinbase) Bitcoin’s upside seems to be losing steam, although the price continued to move inside the channel we talked about last week. However, early signs of weakness are emerging, given sellers are already pushing BTC below the channel, meaning we might be at the start of a corrective move.
BTCUSD (Coinbase) Although momentum slowed, Bitcoin continues to be in an uptrend. Buyers are eager to buy each dip, which leaves most of the recent gains intact. We can see on the 4h chart how the price fluctuates inside a short-term ascending channel. As long as the structure remains in
BTCUSD (Bitstamp) The price of Bitcoin settled down after the impressive move higher and now we see market participants focused on smaller altcoins. That’s where they can find higher potential for growth, so it should not be a surprise to see Bitcoin rather muted. Based on our technical analysis, BTC
BTCUSD (Coinbase) It has been an impressive week for Bitcoin and that comes although major stock markets slumped. Ironically, BTC was treated as a safe haven, according to the media, during a time of geopolitical unrest in the Middle East. Some say the move is in anticipation of a US-listed
