BTCUSD to see a downtrend(4Hr) | Shift from buyers to sellers

Market in last 24hrs

• BTCUSD saw a sideways movement with the price breaking and falling back to the midline
  
• Price volatility was very high. The market moved ~5.47%, between $13.68k and $12.97k
  

Today’s Trend analysis

• BTCUSD expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze
  
• Price at time of publishing: $13,365
  
• BTC’s market cap: $245 Billion
  
• Oscillator indicators are mostly neutral. RSI at 50
  
• Moving average indicators are indicating a downtrend Ichimoku Cloud is neutral
  
• Volume indicators observed a change from volume decreasing with price decline to volume increase with volume decline
  

Price expected to see a downtrend as the price observed a midline resistance and the Bollinger band started to squeeze. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 50, in the neutral region close to the midline. CCI at around -44, in the neutral region. Another interesting point to notice here is that the volume observed a change from volume decreasing with price decline to volume increase with volume decline indicating a shift from buyers to sellers.
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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 .

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- Mudrex