BTCUSD saw an uptrend with price riding the upper band
Price volatility was high. The market moved ~4.26%, between 11.93k and 11.45k
Today’s Trend analysis
BTCUSD expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion
Price at time of publishing: $11,801
BTC’s market cap: $218 Billion
Oscillator indicators are mostly neutral. RSI at 67
Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
Volume indicators observed an increase in volume with the price increase while a decrease in volume as the price declines
Price expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 67, above the midline in the neutral region, close to the overbought region. CCI at around 125, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume with the price increase while a decrease in volume as the price declines suggesting a strengthened buying pressure. ----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.