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
Weekly Crypto Analysis by Crypto Frontline
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
BTCUSD (Coinbase) Bitcoin buyers have not been strong enough last week, hence the price failed to break and hold above the $30,000 key area. As we expected, a cluster of resistance was found around that level, since the 200 SMA + a falling trend line were overlapping there. In the
BTCUSD (Coinbase) Bitcoin buyers are still in an uncomfortable position, given the price fails to break and hold above the 20 EMA on the 4h chart. On top of that, despite a temporary bullish spike last week, we can easily see how the market viewed the $30,000 level as a
BTCUSD (Coinbase) Bitcoin broke below $30,000 on Monday and since then consolidated below the level, suggesting the market sentiment shifted as a result. The daily chart shows the price trading below the 20 EMA and the RSI heading south, which is a situation favorable for sellers. However, when looking at
BTCUSD (Coinbase) The bottom of the range at $30,000 seems to be weakening, considering BTC has been trading below that level most of last week. Additionally, when looking at the 4h chart, the relationship with the 20 EMA is shifting in favor of bears, which is why we give a
BTCUSD (Coinbase) Last week Bitcoin was trading around $30k and we’ve managed to anticipate the bounce towards the upper line of the range that has been in place since the end of June. However, even though the price managed to touch $31.7k, another resistance level highlighted a week ago, that
BTCUSD (Coinbase) No major changes can be spotted in BTC last week and considering the market remained sideways we should analyze the 4h chart. It’s obvious that the price is inside a range between $31,300 and the key $30,000 area, considering the price has rejected both zones multiple times. If
BTCUSD (Coinbase) After reaching a new high for the year, Bitcoin consolidated in a pretty narrow range, still trading above $30,000. Although the rally did not extend any further, the uptrend continues to be intact and the current consolidation serves as a foundation for another leg higher. The price is
