BTCUSD(1D) : BTC nears its ALL TIME HIGH
Market in the last 1 week
In the past 1 week, BTC came near its all-time high and is still having a slight bullish momentum. Daily Trading volume has been high in the last week especially considering the bullish momentum. The high volume is also an indication that the bullish momentum is relatively strong.
Next Week's Trend analysis
The price is expected to see consolidated momentum with a slight indication of a bullish movement. The price is likely to oscillate between the middle and the upper Bollinger band.
The price change was high at approximately 15.4%, with the week's range between $54371 — $62757.
Price at the time of publishing: $59874
BTC’s market cap: $1.13 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 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 week. 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 1 Day candles.
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Any feedback and suggestions would help in further improving the analysis!
In the past 1 week, BTC came near its all-time high and is still having a slight bullish momentum. Daily Trading volume has been high in the last week especially considering the bullish momentum. The high volume is also an indication that the bullish momentum is relatively strong.
Next Week's Trend analysis
The price is expected to see consolidated momentum with a slight indication of a bullish movement. The price is likely to oscillate between the middle and the upper Bollinger band.
The price change was high at approximately 15.4%, with the week's range between $54371 — $62757.
Price at the time of publishing: $59874
BTC’s market cap: $1.13 Trillion
Moreover, the Indicator summary is giving a 'BUY' signal on BTCUSD.
Out of 11 Oscillator indicators, 1 is giving a SELL signal, 8 are neutral and 2 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 week. 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 1 Day candles.
----------------------------------------------------------------------------------------
Any feedback and suggestions would help in further improving the analysis!
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