BTCUSD(4Hr): BTC touched a new ATH within 1 month
Market in the last 24 hours
BTCUSD saw a new ATH this month as it gained nearly 4K$ in the last 24 hours as the price continuously rejects the upper Bollinger band as a resistance line. Trading volume has been moderate in the last 24 hours but the trading volume can be seen decreasing with an increase in price suggesting a correction is imminent.
Next 24 hour's Trend analysis
The price is likely to see some consolidation with a hint of bullish momentum as we some correction and the price moves between the upper and the middle Bollinger band.
The price change was high at approximately 5.44%, with the week's range between $62866 — $66517.
Price at the time of publishing: $66,208
BTC’s market cap: $1.25 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4-hour candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
BTCUSD saw a new ATH this month as it gained nearly 4K$ in the last 24 hours as the price continuously rejects the upper Bollinger band as a resistance line. Trading volume has been moderate in the last 24 hours but the trading volume can be seen decreasing with an increase in price suggesting a correction is imminent.
Next 24 hour's Trend analysis
The price is likely to see some consolidation with a hint of bullish momentum as we some correction and the price moves between the upper and the middle Bollinger band.
The price change was high at approximately 5.44%, with the week's range between $62866 — $66517.
Price at the time of publishing: $66,208
BTC’s market cap: $1.25 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4-hour candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
Related publications
Disclaimer
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.