BTC - Uptrend Today. Bulls Are Not Done Yet!
Market in last 24hrs
- BTCUSD price saw sudden and unexpected down and then up movement
- Price volatility was relatively high. Market moved ~5%, between 9.37k and 9.78k
Today’s Trend analysis
- Uptrend today
- Price at time of publishing: $9,740
- BTC’s market cap: $179 Billion
- ‘Oscillator‘ indicators are mostly neutral with a bias towards buy side. RSI at 55
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to trend upward today. Most of the Oscillator indicators are neutral but compared to yesterday many have now flipped to indicate a n uptrend. MACD histogram is now in positive zone and MACD line has crossed up 0. RSI and CCI are trending up. RSI is now above the midpoint 50 and CCI has crossed up -100, touching almost 100 now. All factors indicating that bulls regained strength and bears are still struggling. Overall, price is now expected to move upward.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
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If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price saw sudden and unexpected down and then up movement
- Price volatility was relatively high. Market moved ~5%, between 9.37k and 9.78k
Today’s Trend analysis
- Uptrend today
- Price at time of publishing: $9,740
- BTC’s market cap: $179 Billion
- ‘Oscillator‘ indicators are mostly neutral with a bias towards buy side. RSI at 55
- ‘Moving average‘ indicators are indicating a uptrend. Ichimoku Cloud is neutral
Price expected to trend upward today. Most of the Oscillator indicators are neutral but compared to yesterday many have now flipped to indicate a n uptrend. MACD histogram is now in positive zone and MACD line has crossed up 0. RSI and CCI are trending up. RSI is now above the midpoint 50 and CCI has crossed up -100, touching almost 100 now. All factors indicating that bulls regained strength and bears are still struggling. Overall, price is now expected to move upward.
----------------------------------------------------------------------------------------
The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.
DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.
Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
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