BTC - Sideways Today. Downward momentum is building.
Market in last 24hrs
- BTCUSD price continued consolidation
- Price volatility was low. Market moved just ~1.5%, between 9.67k and 9.84k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,770
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 56
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone and MACD line is trending up. RSI has been flat for sometime now, oscillating around its midpoint 50. CCI, the more reactive oscillator, is moving between 0 and 100. All factors indicating that both bulls and bears are struggling. Overall, price is now expected to move sideways today.
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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 continued consolidation
- Price volatility was low. Market moved just ~1.5%, between 9.67k and 9.84k
Today’s Trend analysis
- Sideways today
- Price at time of publishing: $9,770
- BTC’s market cap: $176 Billion
- ‘Oscillator‘ indicators are neutral. RSI at 56
- ‘Moving average‘ indicators are indicating an uptrend. Ichimoku Cloud is neutral
Price expected to trend sideways today. Most of the Oscillator indicators are neutral. MACD histogram continues to be in positive zone and MACD line is trending up. RSI has been flat for sometime now, oscillating around its midpoint 50. CCI, the more reactive oscillator, is moving between 0 and 100. All factors indicating that both bulls and bears are struggling. Overall, price is now expected to move sideways today.
----------------------------------------------------------------------------------------
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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