BTCUSD - Local Uptrend Today. Volatility is low = Breakout soon!
Market in last 24hrs
- BTCUSD price continued sideways movement
- Price volatility was low. Market moved ~1.5%, between $9.07k and $9.19k
Today’s Trend analysis
- Weak Uptrend today
- Price at time of publishing: $9,156
- BTC’s market cap: $168 Billion
- Oscillator indicators are mostly neutral with a bias towards upward momentum. RSI at 51
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price expected to trend up today. Most of the Oscillator indicators are neutral with a bias towards positive momentum. MACD line is trending up and is about to crossed up 0 and MACD histogram is in positive zone. RSI and CCI, are trending up and are above their midpoints. On balance volume indicator too is trending up. All factors indicating that bulls are getting stronger. Overall, price is expected to move up 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 .
----------------------------------------------------------------------------------------
If you find the analysis useful, please like and share our ideas with the community!
- Mudrex
- BTCUSD price continued sideways movement
- Price volatility was low. Market moved ~1.5%, between $9.07k and $9.19k
Today’s Trend analysis
- Weak Uptrend today
- Price at time of publishing: $9,156
- BTC’s market cap: $168 Billion
- Oscillator indicators are mostly neutral with a bias towards upward momentum. RSI at 51
- Moving average indicators are mixed. Ichimoku Cloud is neutral
- Volume indicators are supporting an uptrend
Price expected to trend up today. Most of the Oscillator indicators are neutral with a bias towards positive momentum. MACD line is trending up and is about to crossed up 0 and MACD histogram is in positive zone. RSI and CCI, are trending up and are above their midpoints. On balance volume indicator too is trending up. All factors indicating that bulls are getting stronger. Overall, price is expected to move up 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
Trade active:
As predicted, we are seeing a price breakout.
