Market in last 24 hrs - BTCUSD price moved almost 9% between between $9,270 and $10,080 - Price at time of publishing: $9,990 - Price crossed important resistance level of $10,000 - BTC’s market cap: $182 Billion
Today’s Trend analysis Price should trend downward today. Oscillators are neutral but compared to yesterday many have now flipped to indicate a downward trend. MACD is above 0 but RSI and CCI are in over bought zone, indicating that downward momentum has gained strength and 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 . - Downwards today - ‘Oscillator‘ indicators are mostly neutral. RSI is at 71.5 - ‘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 .