Market in last 24 hours:
The market volatility has been low. The price has moved about 1% in the green.
The market has mainly moved sideways but below the middle BB line.
Today’s trend analysis
Price at the time of publishing: $41000.03
BTC market cap: $814.7 Billion
Most Oscillators are neutral. RSI(14) is 46.56
BTC is currently moving along the middle BB line as it saw a slight uptrend in the last 24 hours.
Moving Average indicators still suggest a bearish trend.
After BTC saw a slight uptrend in the last 24 hours it has been moving along the middle line with some highs crossing the middle BB line. This could be an indication of BTC crossing the middle BB line and starting a bullish trend. RSI is at 46.56, though in the neutral region it is below 50, there has been a slight increase in its value which could indicate a future bullish trend.
MACD is above the signal line for most of yesterday hence indicating a trend reversal from the long bearish movement to bullish movement.
In conclusion, there are factors suggesting a bullish trend for now but that can only be possible when the price breaks and goes over the resistance line which is the middle BB line.
The market volatility has been low. The price has moved about 1% in the green.
The market has mainly moved sideways but below the middle BB line.
Today’s trend analysis
Price at the time of publishing: $41000.03
BTC market cap: $814.7 Billion
Most Oscillators are neutral. RSI(14) is 46.56
BTC is currently moving along the middle BB line as it saw a slight uptrend in the last 24 hours.
Moving Average indicators still suggest a bearish trend.
After BTC saw a slight uptrend in the last 24 hours it has been moving along the middle line with some highs crossing the middle BB line. This could be an indication of BTC crossing the middle BB line and starting a bullish trend. RSI is at 46.56, though in the neutral region it is below 50, there has been a slight increase in its value which could indicate a future bullish trend.
MACD is above the signal line for most of yesterday hence indicating a trend reversal from the long bearish movement to bullish movement.
In conclusion, there are factors suggesting a bullish trend for now but that can only be possible when the price breaks and goes over the resistance line which is the middle BB line.