Market in last 24 hrs - BTCUSD price volatility was relatively wrt last week. Overall market moved 400 points, between 9.0k and 9.4k - Price at time of publishing: $9,440 - BTC’s market cap: $172 Billion
Today’s Trend analysis Price should trend sideways today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a sideways trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating a trend reversal is possible. 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 . - Sideways today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 64 - ‘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.