BTCUSD - Downward Trend Today. Price Technical Analysis #72
Market in last 24 hrs
- BTCUSD price saw a sudden downward trend after volume surge. Overall market moved 15%, between $8.1k and $9.8k
- Price at time of publishing: $8,870
- BTC’s market cap: $165 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral but compared to yesterday many have now flipped to indicate downward momentum. MACD is at -170, far below 0 and RSI & CCI are in below neutral zone, indicating that bears have gained strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 43
- ‘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 price saw a sudden downward trend after volume surge. Overall market moved 15%, between $8.1k and $9.8k
- Price at time of publishing: $8,870
- BTC’s market cap: $165 Billion
Today’s Trend analysis
Price should trend downwards today. Oscillators are neutral but compared to yesterday many have now flipped to indicate downward momentum. MACD is at -170, far below 0 and RSI & CCI are in below neutral zone, indicating that bears have gained strength.
Another interesting point to notice is the affect of Halving-Hype and the impact of the same on BTC and other Crypto tokens. We are observing an increased trade volume and price volatility.
- Downwards today
- ‘Oscillator‘ indicators are mostly neutral. RSI is at 43
- ‘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
Trade stängt: målet nått:
As predicted, BTCUSD moved downwards yesterday.
