BTCUSD to consolidate(4Hr)| Bullish MACD| Strong buying pressure

Market in last 24hrs

• BTCUSD saw an uptrend followed by getting resistance from upper band
  
• Price volatility was high. The market moved ~4.97%, between $10.79k and $10.28k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed
  
• Price at time of publishing: $10,594
  
• BTC’s market cap: $196 Billion
  
• Oscillator indicators are mostly neutral. RSI at 51
  
• Moving average indicators are mostly neutral. Ichimoku Cloud is neutral
  
• Volume indicators from observed high value for blue candles while relatively low value for red ones
  

Price expected to see an uptrend, price trading inside bands and after getting resistance midline support expected with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line moving above signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 51, above the midline in the neutral region. CCI at around 59, in the neutral region with a pullback from overbought region. Another interesting point to notice here is that the volume observed high value for blue candle which increased as price increased while relatively low value for red candles indicating strengthened buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex