- BTC/USD price saw a pullback yesterday to ~$9,450, after which the price movement has been confined in range $9,850-$9,600
- Price at time of publishing: $9,725
- BTC’s market cap: $177 Billion
As yesterday, Bitcoin price remains in correction zone and there is no clear indication where the price is headed. Indicators are representing the indecisiveness in the market and price is expected to continue the choppy behavior as it has shown over the last couple of days.
- Neutral and choppy
- Among ‘Moving average‘ indicators, Hull Moving Average (9) has flipped to ‘buy’ side
- ‘Oscillator‘ indicators are overall neutral, with MACD indicating sell opportunity
Moving Average Indicators
The moving averages are indicating a mixed outlook, with short term ones indicating a sell opportunity and loner term ones indicating a buy opportunity.
|Exponential Moving Average (5)||9873.92||Sell|
|Simple Moving Average (5)||9931||Sell|
|Exponential Moving Average (10)||9903.54||Sell|
|Simple Moving Average (10)||10055.11||Sell|
|Exponential Moving Average (20)||9713.49||Buy|
|Simple Moving Average (20)||9781.62||Sell|
|Exponential Moving Average (30)||9472.66||Buy|
|Simple Moving Average (30)||9431.73||Buy|
|Exponential Moving Average (50)||9089.84||Buy|
|Simple Moving Average (50)||8868.41||Buy|
|Exponential Moving Average (100)||8719.01||Buy|
|Simple Moving Average (100)||8193.06||Buy|
|Exponential Moving Average (200)||8522.32||Buy|
|Simple Moving Average (200)||8866.41||Buy|
|Ichimoku Cloud Base Line (9, 26, 52, 26)||9371.78||Neutral|
|Volume Weighted Moving Average (20)||9869.81||Sell|
|Hull Moving Average (9)||9702.63||Buy|
Oscillators are uncertain about the future price with most indicators pointing a neutral momentum now. Overall, price is expected to continue in the same range for sometime.
|Relative Strength Index (14)||54.23||Neutral|
|Stochastic %K (14, 3, 3)||48.69||Neutral|
|Commodity Channel Index (20)||−9.19||Neutral|
|Average Directional Index (14)||33.58||Neutral|
|MACD Level (12, 26)||311.69||Sell|
|Stochastic RSI Fast (3, 3, 14, 14)||2.04||Neutral|
|Williams Percent Range (14)||−56.85||Neutral|
|Bull Bear Power||−265.01||Buy|
|Ultimate Oscillator (7, 14, 28)||53.57||Neutral|
BTC/USD price saw a quick fall to ~$9,450, testing the bulls, but the bulls recovered and the price has been restored back to the range $9,850-$9,600. Overall the volatility has been low in past few days.
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