BTCUSD - Strong Uptrend Today. Price Technical Analysis #77
Market in last 24 hrs
- BTCUSD price saw a gradual upward movement. Market moved ~550 points, between 9.2k and 9.8k
- Price at time of publishing: $9,800
- BTC’s market cap: $177 Billion
Today’s Trend analysis
Price should trend upward today. Oscillators are neutral with a bias towards ‘buy’ side. MACD is at 88, confirming upward trend. Both RSI is at 64 and CCI at 120, both confirm that the upward momentum is strong. To add to this, price is touch upper Bollinger Band, implying a possible break-out.
Another interesting point to notice is the affect of Halving-Hype on trade volume and price volatility of BTC and other Crypto tokens.
- Strong uptrend today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 64
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
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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!
- BTCUSD price saw a gradual upward movement. Market moved ~550 points, between 9.2k and 9.8k
- Price at time of publishing: $9,800
- BTC’s market cap: $177 Billion
Today’s Trend analysis
Price should trend upward today. Oscillators are neutral with a bias towards ‘buy’ side. MACD is at 88, confirming upward trend. Both RSI is at 64 and CCI at 120, both confirm that the upward momentum is strong. To add to this, price is touch upper Bollinger Band, implying a possible break-out.
Another interesting point to notice is the affect of Halving-Hype on trade volume and price volatility of BTC and other Crypto tokens.
- Strong uptrend today
- ‘Oscillator‘ indicators are mostly neutral, with bias towards buy side. RSI at 64
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
----------------------------------------------------------------------------------------
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!
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