BitcoinSatış
BTC: strong demand zone at $36.8k|large wicks pointing down
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Quick glance: As of now, BTCUSD seems to be on slippery slope. $36,800 is a demand zone.
Our previous analysis on BTCUSD correctly predicted the consolidation and the possible upward momentum. $38,700 is a strong resistance!
Market in the last 24hrs
BTCUSD witnessed some sell-off. All other major cryptos fell as well. Trading volume has declined.
Today’s Trend analysis
BTCUSD is currently under some selling pressure. The short term outlook is bearish. Additionally, we might see some large wicks pointing down. Though they are not a sign to panic, one should keep a close eye out on the price.
Price volatility remained low at approximately 2.6%, with the day's range between $37224.00 — $38208.68.
Price at the time of publishing: $37505.84
BTC's market cap: $704.85 Billion
Volumes have remained low in the past 24 hours.
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The analysis is based on signals from 26 technical indicators, out of which 15 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 .
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Quick glance: As of now, BTCUSD seems to be on slippery slope. $36,800 is a demand zone.
Our previous analysis on BTCUSD correctly predicted the consolidation and the possible upward momentum. $38,700 is a strong resistance!
Market in the last 24hrs
BTCUSD witnessed some sell-off. All other major cryptos fell as well. Trading volume has declined.
Today’s Trend analysis
BTCUSD is currently under some selling pressure. The short term outlook is bearish. Additionally, we might see some large wicks pointing down. Though they are not a sign to panic, one should keep a close eye out on the price.
Price volatility remained low at approximately 2.6%, with the day's range between $37224.00 — $38208.68.
Price at the time of publishing: $37505.84
BTC's market cap: $704.85 Billion
- Out of 11 Oscillator indicators, 9 are neutral, and 2 point to indicate a bearish outlook, and none of them point to a 'BUY' signal.
- Out of 15 Moving average indicators, 12 indicate a bearish outlook, 1 is 'NEUTRAL' and 2 give out a bullish view.
- Indicator summary is giving a 'STRONG SELL' signal on BTCUSD .
Volumes have remained low in the past 24 hours.
----------------------------------------------------------------------------------------
The analysis is based on signals from 26 technical indicators, out of which 15 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 .
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis! If you find the analysis useful, please like and share our ideas with the community. Keep supporting :)
Not
BTC has broken below $36,800. The volume in the exchanges seem less at the moment. Looks like something interesting is cooking up. Waiting to see if the strong support level gets broken now.
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