BTCUSD (Bitstamp) Bitcoin recovered during the first half of last week, but $30,000 turned out to be a very strong resistance. We are now seeing sellers pressuring the daily 20 EMA and that’s not an encouraging sign ahead of a new week packed with macro data. From our point of
Weekly Crypto Analysis by Crypto Frontline
BTCUSD (Coinbase) Last week we’ve mentioned that at best, Bitcoin should consolidate as the end of the month is approaching. Our assumption turned out to be true, considering BTC is now trading around $27,500, unable to remain above $30,000 for too long. When looking at the daily chart, sentiment is
BTCUSD (Bitstamp) Bitcoin’s price continued to rise last week, but not at the same impulsive pace. We can see how the $31,000 area acted as resistance and since then, BTC broke below the 4h chart 200 EMA. Selling volumes picked up a bit, which means the market is cautious, which
BTCUSD (Coinbase) Bitcoin continues to rise and has recently reached the $30,000 key resistance area. A new high for the year is a positive development for buyers and if the price manages to hold above the psychological support, we believe the move could extend a bit higher. More specifically, we
BTCUSD (Coinbase) Bitcoin failed to continue rallying and we can see how the $28,600 area acted as a strong resistance. The price is now trading below the 4h chart, RSI is headed toward oversold and volumes have decreased materially. All of these factors point to a more defensive approach from
BTCUSD (Coinbase) Bitcoin bulls took a break last week and we can see from the chart how the price has been consolidating between $28.6k and $26.8k. Such ranges after an impulsive move higher are normal and could suggest the market is just taking its breath until a new push higher
BTCUSD (Coinbase) Bitcoin staged an impressive rally last week, despite weakness across all stock markets. Although some experts claim this is a flight to safety and BTC is used as protection at a time when the banking sector is having issues, our opinion is different. Treasury yields have fallen strongly
BTCUSD (Coinbase) This has been another bad week for crypto buyers, considering BTC continued to edge south. The fallout of SVB, a regional bank from California spooked the broader financial markets, triggering a flight to safety. Volatile assets such as Bitcoin can’t outperform in such an environment, which is why
BTCUSD (Coinbase) Bitcoin continued to fall last week, but as you can see from our chart, the selloff paused once the lower bound of an ascending channel has been reached. That communicates there is still bullish interest in the market and we might see a rebound this week. However, thus
BTCUSD (Coinbase) The $25k area ended up as a strong resistance zone since strong selling emerged there. The price broke below the 20 EMA on the 4h chart and is now attempting a bottom little below the 200 SMA. On top of that, we can see BTC is fluctuating inside
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