BTCUSD (Coinbase) Although tensions in the Middle East have not abated and there are high uncertainties over how the situation will play out, market participants are seeing Bitcoin as a safe-haven. Bonds and stocks were down last week, yet BTC surged impressively, breaking above our $30,000 psychological level. Even though
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Although some BTC selling can be spotted last week, we can see that sentiment has improved this Monday. The price is back up, close to the daily 200 SMA, which acted as resistance for a couple of weeks. Given the rising geopolitical tensions in the Middle East, it
BTCUSD (Coinbase) Bitcoin’s positive seasonality is leading the charge, as we see the price pointing upward. The bottoming seems to be completed, given the market respects an ascending trend line and we see higher highs/higher lows. The price cleared the resistance around $28,200, corrected lower, but now we see how
BTCUSD (Coinbase) Bitcoin moved up last week, reaching $28,100, a key resistance level highlighted in the past. Sentiment has improved and now we believe there’s a greater probability for a retest of $30,000, given this is the best seasonal period of the year for crypto. Pullbacks shouldn’t be ruled out,
BTCUSD (Coinbase) Bitcoin’s bullish momentum stalled and as we can see from the chart, the picture doesn’t look good for buyers. A trend line going back to July when the downturn started continues to cap the upside, which means the price is locked in between $27,000 and $25,000 for now.
BTCUSD (Coinbase) In line with last week’s projections, $25,000 turned out to be a very strong support area for Bitcoin. As you can see from the chart, that was the starting point for a strong bounce and now it looks like the price action structure has changed in favor of
BTCUSD (Bitstamp) Despite a lack of directional bias last week, Bitcoin is forming a base around $25,500. That’s good news for bulls and as long as the price manages to stay above the level, we see scope for further upside. This is an important week since a new batch of
BTCUSD (Coinbase) Last week we saw a pick-up in bullish sentiment after Grayscale managed to stage a court win against the SEC. This could be an early indication that a US-listed BTC ETF is not too far, so the enthusiasm might have been justified. Still, the market wasn’t able to
BTCUSD (Coinbase) Bitcoin has been consolidating in a narrow range after the slump. This suggests market participants are waiting on the sidelines for further clues. As you can easily notice from the chart, the price is gravitating above and below $26,000. At this point, the bears are still in control.
BTCUSD (Coinbase) Last week was one to forget for Bitcoin bulls given the price slumped impulsively. We can see from the daily chart the magnitude of the move, as BTC broke below the 200 SMa and managed to find support around an ascending trend line. Buyers managed to cap the
