This is #14 of BTC/USD daily price analysis, provided by Mudrex. You can find the previous analysis here.

Summary

Market

  • BTC/USD saw a dip below $10,000 level. This consolidation should give investors time to restore faith and be ready for the upcoming bull run after the rushed $6,500 to $10,000 price movement in last 6 weeks
  • Price at time of publishing: $9,915
  • BTC’s market cap: $180 Billion

Trend analysis

As predicted yesterday, price moved down to ~$9,900. The technical indicators are presently suggesting a neutral/side-ways movement.

  • Overall strong bullish trend
  • Moving average‘ indicators continue pointing up. Price should go up in long run 📈
  • Oscillator‘ indicators are mixed with with bias shifting towards buy side. MACD continues to indicate uptrend

Moving Averages

Most Moving averages are indicating ‘buy’ signal, confirming overall bullish trend.

BuyNeutralSell
1412
NameValueAction
Exponential Moving Average (5)10245.52Buy
Simple Moving Average (5)10303.29Sell
Exponential Moving Average (10)10072.78Buy
Simple Moving Average (10)10103.58Buy
Exponential Moving Average (20)9723.38Buy
Simple Moving Average (20)9710.35Buy
Exponential Moving Average (30)9426.71Buy
Simple Moving Average (30)9348.49Buy
Exponential Moving Average (50)9015.13Buy
Simple Moving Average (50)8726.44Buy
Exponential Moving Average (100)8660.06Buy
Simple Moving Average (100)8169.17Buy
Exponential Moving Average (200)8487.35Buy
Simple Moving Average (200)8876.47Buy
Ichimoku Cloud Base Line (9, 26, 52, 26)9371.78Neutral
Volume Weighted Moving Average (20)9773.4Buy
Hull Moving Average (9)10405.51Sell

Oscillators

Oscillators remain uncertain about the future. Though most are still neutral, some have moved to ‘buy’ side, indicating that we might see some uptrend. MACD (moving average convergence divergence) suggests the same.

BuyNeutralSell
362
NameValueAction
Relative Strength Index (14)67.16Neutral
Stochastic %K (14, 3, 3)84.76Sell
Commodity Channel Index (20)95.92Neutral
Average Directional Index (14)42.88Neutral
Awesome Oscillator1036.78Buy
Momentum (10)661.09Buy
MACD Level (12, 26)461.65Buy
Stochastic RSI Fast (3, 3, 14, 14)58.58Neutral
Williams Percent Range (14)−16.77Sell
Bull Bear Power677.37Neutral
Ultimate Oscillator (7, 14, 28)60.48Neutral

Price Action

BTC movement today was mostly flat with one major dip of ~300 points, which was accompanied by spike in trade volumes.


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