This is #14 of BTC/USD daily price analysis, provided by Mudrex. You can find the previous analysis here.
Summary
Market
- BTC/USD saw a dip below $10,000 level. This consolidation should give investors time to restore faith and be ready for the upcoming bull run after the rushed $6,500 to $10,000 price movement in last 6 weeks
- Price at time of publishing: $9,915
- BTC’s market cap: $180 Billion
Trend analysis
As predicted yesterday, price moved down to ~$9,900. The technical indicators are presently suggesting a neutral/side-ways movement.
- Overall strong bullish trend
- ‘Moving average‘ indicators continue pointing up. Price should go up in long run ?
- ‘Oscillator‘ indicators are mixed with with bias shifting towards buy side. MACD continues to indicate uptrend
Moving Averages
Most Moving averages are indicating ‘buy’ signal, confirming overall bullish trend.
| Buy | Neutral | Sell |
| 14 | 1 | 2 |
| Name | Value | Action |
| Exponential Moving Average (5) | 10245.52 | Buy |
| Simple Moving Average (5) | 10303.29 | Sell |
| Exponential Moving Average (10) | 10072.78 | Buy |
| Simple Moving Average (10) | 10103.58 | Buy |
| Exponential Moving Average (20) | 9723.38 | Buy |
| Simple Moving Average (20) | 9710.35 | Buy |
| Exponential Moving Average (30) | 9426.71 | Buy |
| Simple Moving Average (30) | 9348.49 | Buy |
| Exponential Moving Average (50) | 9015.13 | Buy |
| Simple Moving Average (50) | 8726.44 | Buy |
| Exponential Moving Average (100) | 8660.06 | Buy |
| Simple Moving Average (100) | 8169.17 | Buy |
| Exponential Moving Average (200) | 8487.35 | Buy |
| Simple Moving Average (200) | 8876.47 | Buy |
| Ichimoku Cloud Base Line (9, 26, 52, 26) | 9371.78 | Neutral |
| Volume Weighted Moving Average (20) | 9773.4 | Buy |
| Hull Moving Average (9) | 10405.51 | Sell |
Oscillators
Oscillators remain uncertain about the future. Though most are still neutral, some have moved to ‘buy’ side, indicating that we might see some uptrend. MACD (moving average convergence divergence) suggests the same.
| Buy | Neutral | Sell |
| 3 | 6 | 2 |
| Name | Value | Action |
| Relative Strength Index (14) | 67.16 | Neutral |
| Stochastic %K (14, 3, 3) | 84.76 | Sell |
| Commodity Channel Index (20) | 95.92 | Neutral |
| Average Directional Index (14) | 42.88 | Neutral |
| Awesome Oscillator | 1036.78 | Buy |
| Momentum (10) | 661.09 | Buy |
| MACD Level (12, 26) | 461.65 | Buy |
| Stochastic RSI Fast (3, 3, 14, 14) | 58.58 | Neutral |
| Williams Percent Range (14) | −16.77 | Sell |
| Bull Bear Power | 677.37 | Neutral |
| Ultimate Oscillator (7, 14, 28) | 60.48 | Neutral |
Price Action
BTC movement today was mostly flat with one major dip of ~300 points, which was accompanied by spike in trade volumes.
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