Market in last 24 hrs
- BTCUSD has been relatively less volatile with trade volumes decreasing. Market moved 450 points, between $8.65k to $9.1k
- Price at time of publishing: $8,870
- BTC’s market cap: $163 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral. MACD is indicating a sell opportunity. CCI and RSI both are near mid-zone. No strong momentum in either direction.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility .
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 54
- ‘Moving average‘ indicators indicating buying opportunity. 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!
- Mudrex
- BTCUSD has been relatively less volatile with trade volumes decreasing. Market moved 450 points, between $8.65k to $9.1k
- Price at time of publishing: $8,870
- BTC’s market cap: $163 Billion
Today’s Trend analysis
Price should trend sideways today. Oscillators are neutral. MACD is indicating a sell opportunity. CCI and RSI both are near mid-zone. No strong momentum in either direction.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto token. We are observing an increased trade volume and price volatility .
- Sideways/Choppy today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 54
- ‘Moving average‘ indicators indicating buying opportunity. 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!
- Mudrex
