Market in last 24 Hours:
The market has high volatility. The market has moved closed to -1%.
In the last 24 hours, the price has moved sideways but below the middle BB line.
Today’s trend analysis
Price at the time of publishing: $40019.32
BTC market cap: $686.5 Billion
As BTC just touched the middle BB line we can expect the price to continue its downtrend.
Oscillator indicators are mostly neutral, RSI(14) is at 41.23
Moving average indicators are suggesting a downtrend.
A slight rise in the price was seen in the last few candles but as the price touched the middle BB line we can expect the BTC to resume its bearish trend. Though RSI is in the neutral region it is still below 50 hence indicating a bearish trend as well. In the last 24 hours, MACD continues to stay below the signal line hence indicating a bearish trend.
In conclusion, based on the indicators and trend analysis made above we can expect the price to continue its overall bearish trend till the next support line that is at around 30K.
The market has high volatility. The market has moved closed to -1%.
In the last 24 hours, the price has moved sideways but below the middle BB line.
Today’s trend analysis
Price at the time of publishing: $40019.32
BTC market cap: $686.5 Billion
As BTC just touched the middle BB line we can expect the price to continue its downtrend.
Oscillator indicators are mostly neutral, RSI(14) is at 41.23
Moving average indicators are suggesting a downtrend.
A slight rise in the price was seen in the last few candles but as the price touched the middle BB line we can expect the BTC to resume its bearish trend. Though RSI is in the neutral region it is still below 50 hence indicating a bearish trend as well. In the last 24 hours, MACD continues to stay below the signal line hence indicating a bearish trend.
In conclusion, based on the indicators and trend analysis made above we can expect the price to continue its overall bearish trend till the next support line that is at around 30K.