BTCUSD to see an uptrend | Bullish MACD | Price Volatility > 10%

Market in last 24hrs

• BTCUSD saw a continued uptrend with the price riding the upper band with high volumes
  
• Price volatility was very high. The market moved ~11.12%, between $18.48k and $16.63k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend as the price has been riding the upper band with higher lows and the Bollinger band expansion
  
• Price at time of publishing: $18,177
  
• BTC’s market cap: $337 Billion
  
• Oscillator indicators are mostly neutral. RSI at 82
  
• Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  
• Volume indicators observed an increase in volume for blue candles while the low value for a red candle
  

Price expected to see an uptrend as the price has been riding the upper band with higher lows and the Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 82, in the overbought region indicating a downtrend soon. CCI at around 146, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume for blue candles while the low value for a red candle indicating a strong 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.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex