BTCUSD to see an uptrend(4Hr) | Strong buying pressure with HL

Market in last 24hrs

• BTCUSD saw a consolidation after getting resistance from the upper band
  
• Price volatility was low. The market moved ~1.19%, between $11.54k and $11.40k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend after price getting midline support with higher lows being observed
  
• Price at time of publishing: $11,495
  
• BTC’s market cap: $212 Billion
  
• Oscillator indicators are mostly neutral. RSI at 56
  
• Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  
• Volume indicators observed an increase in volume with the price increase while a decrease in volume as the price declines
  

Price expected to see an uptrend after price getting midline support with higher lows being observed. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 56, above the midline in the neutral region. CCI at around 111, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume with the price increase while a decrease in volume as the price declines suggesting a string 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