BTCUSD(4Hr): BTC touched a new ATH within 1 month
Market in the last 24 hours
BTCUSD saw a new ATH this month as it gained nearly 4K$ in the last 24 hours as the price continuously rejects the upper Bollinger band as a resistance line. Trading volume has been moderate in the last 24 hours but the trading volume can be seen decreasing with an increase in price suggesting a correction is imminent.
Next 24 hour's Trend analysis
The price is likely to see some consolidation with a hint of bullish momentum as we some correction and the price moves between the upper and the middle Bollinger band.
The price change was high at approximately 5.44%, with the week's range between $62866 — $66517.
Price at the time of publishing: $66,208
BTC’s market cap: $1.25 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
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The analysis is based on signals from 26 technical indicators, out of which 15 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4-hour candles.
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Any feedback and suggestions would help in further improving the analysis!
BTCUSD saw a new ATH this month as it gained nearly 4K$ in the last 24 hours as the price continuously rejects the upper Bollinger band as a resistance line. Trading volume has been moderate in the last 24 hours but the trading volume can be seen decreasing with an increase in price suggesting a correction is imminent.
Next 24 hour's Trend analysis
The price is likely to see some consolidation with a hint of bullish momentum as we some correction and the price moves between the upper and the middle Bollinger band.
The price change was high at approximately 5.44%, with the week's range between $62866 — $66517.
Price at the time of publishing: $66,208
BTC’s market cap: $1.25 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 7 are neutral and 3 are giving a BUY signal.
Out of 15 Moving average indicators, 1 is giving SELL signal, 1 is giving neutral and 13 are giving a BUY signal.
Traded volume has remained high in the past 24 hours. If we don't see a sudden spike in volume then we can expect the above analysis to hold true.
----------------------------------------------------------------------------------------
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 4-hour candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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