Bitcoin prices are looking bullish as the prices are rising since November 29. The 24-hour change shows an almost 2% increase in Bitcoin’s prices.
Current price: $4300
Market Cap: $74.82 billion
Trade Volume: $6.18 billion
Bitcoin Price Analysis Report for 1 Day
- Uptrend
The uptrend is forming but will take time to materialize completely
- Downtrend
The downtrend for Bitcoin in the one-day timeframe for Bitcoin ranges from $9799 to $4225.
- Support
Bitcoin prices are supported at $3730 which is quite higher than the earlier supports.
- Resistance
The resistance points for Bitcoin can be seen starting from $7359, $8390 to $9799. The rest of the chart shows nothing but brutal dips by Bitcoin.
Indicators That Affect The Price Of Bitcoin
- MACD
The MACD seems to get off the bearish crossover ride as the MACD and the signal line have touched each other and are on the verge of a possible crossover.
- Awesome Oscillator
The Awesome Oscillator shows bars hanging below the zero line which means that the momentum is decreasing.
Bitcoin Price Analysis Report for 1 Hour
- Uptrend
The prices have finally moved up causing an uptrend that extends from $3845 to $4205.
- Downtrend
The downtrend for Bitcoin seems strong and it ranges from $5495 to $3799, in one length without any breakups.
- Support
The prices for Bitcoin have taken off from the support at $3605 in what seems to be a bull-run.
- Resistance
Initial resistance can be seen set up at $4345, a post which the resistance point can be seen at $4749 and $5544.
Indicators That Affect The Price Of Bitcoin
- Parabolic SAR
The Parabolic SAR dots are showing a bearish trend in the one-hour time frame as the parabolic dots have formed above the candles, which is a bearish indication.
- Relative Strength Index
The RSI has crossed above the 50 line and is almost reaching the 60-line, which shows a slightly bullish trend.
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