BTCUSD(4Hr) : BTC saw some recovery in the last 24 hours
Market in the last 24hrs
BTCUSD saw a bull run in the last 24 hours with price moving from the Bottom Bollinger band to upper. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price is nearing the upper Bollinger band which usually acts as a strong resistance line. If the price accepts the upper Bollinger band as a resistance line then we may see the price to move in a bearish momentum. There is a chance that the price rejects the upper band and we may see continuation of the current bullish trend.
Price volatility remained high at approximately 10.6%, with the day's range between $31644 — $35000.
Price at the time of publishing: $33751
BTC's market cap: 631Billion
Indicator summary is giving a 'NEUTRAL' signal on BTCUSD for the shorter timeframe.
Out of 11 Oscillator indicators, 8 are neutral, and 1 is giving a 'SELL' signal and 2 are giving a 'BUY' signal.
Out of 15 Moving average indicators, 6 are giving a 'BUY' signal,1 is giving "NEUTRAL" and 8 are giving a 'SELL' signal.
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
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Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
BTCUSD saw a bull run in the last 24 hours with price moving from the Bottom Bollinger band to upper. Trading volume has been very low in the last 24 hours.
Today’s Trend analysis
Price is nearing the upper Bollinger band which usually acts as a strong resistance line. If the price accepts the upper Bollinger band as a resistance line then we may see the price to move in a bearish momentum. There is a chance that the price rejects the upper band and we may see continuation of the current bullish trend.
Price volatility remained high at approximately 10.6%, with the day's range between $31644 — $35000.
Price at the time of publishing: $33751
BTC's market cap: 631Billion
Indicator summary is giving a 'NEUTRAL' signal on BTCUSD for the shorter timeframe.
Out of 11 Oscillator indicators, 8 are neutral, and 1 is giving a 'SELL' signal and 2 are giving a 'BUY' signal.
Out of 15 Moving average indicators, 6 are giving a 'BUY' signal,1 is giving "NEUTRAL" and 8 are giving a 'SELL' signal.
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
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