BTC - Weak Uptrend Today! Bulls Gaining Control Again.
Market in last 24hrs
- BTCUSD price consolidated
- Price volatility was low. Market moved ~3%, between 9.45k and 9.7k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,790
- BTC’s market cap: $181 Billion
- ‘Oscillator‘ indicators are mostly neutral with a bias towards buy side. RSI at 57
- ‘Moving average‘ indicators are pointing towards an uptrend. Ichimoku Cloud is neutral
Price expected to show a weak uptrend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate an uptrend. MACD histogram is now in positive zone and MACD line is trending up. RSI and CCI too are trending up and are now above their mid points, currently trending at 57 and 25 respectively. All factors indicating that bulls are back in power. 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price consolidated
- Price volatility was low. Market moved ~3%, between 9.45k and 9.7k
Today’s Trend analysis
- Weak uptrend today
- Price at time of publishing: $9,790
- BTC’s market cap: $181 Billion
- ‘Oscillator‘ indicators are mostly neutral with a bias towards buy side. RSI at 57
- ‘Moving average‘ indicators are pointing towards an uptrend. Ichimoku Cloud is neutral
Price expected to show a weak uptrend today. Most of the Oscillator indicators are neutral but compared to yesterday some have now flipped to indicate an uptrend. MACD histogram is now in positive zone and MACD line is trending up. RSI and CCI too are trending up and are now above their mid points, currently trending at 57 and 25 respectively. All factors indicating that bulls are back in power. 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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