The average cryptocurrency has increased today. Bitcoin is up 2.42%, Ethereum is up 1.86%, BNB is up 1.67%, and Solana is up 4.75%.
Coinmarketcap's Fear and Greed Index still shows a value of 56, a higher value indicates investor greed in buying assets, if the value is 100 there may be a reversal. A value close to 0 means investors are extremely afraid and the entry price is oversold which allows correction.
Meanwhile, the Coindexk Market Index shows Constituent Weights Bitcoin at 61%, Ethereum at 20%, Solana at 3.2%, XRP at 2%, Cardano at 1.29%, and others at 13%. A high CMI value means investors have a high interest in the asset.
BTCUSD is now moving near the upper band line, here the price forms a long body bull candle exceeding the previous candle. This may end the consolidation phase at the beginning of this month.
The Bollinger band line still forms a flat channel, if there is a breakout of the upper band perhaps the price will seek a new high and increase volatility. If it fails, the price may fall back into the previous range.
Here the 50 MA which measures the moving average for the past 50 days forms a flat channel, while the 200 MA which is the slow MA is still far below the lower band forming an upward channel. The RSI indicator, which is an oscillator indicator, shows level 60, which means the price is above the uptrend level.
#bitcoinpricetoday #btcusdanalysis #ticktrader
Coinmarketcap's Fear and Greed Index still shows a value of 56, a higher value indicates investor greed in buying assets, if the value is 100 there may be a reversal. A value close to 0 means investors are extremely afraid and the entry price is oversold which allows correction.
Meanwhile, the Coindexk Market Index shows Constituent Weights Bitcoin at 61%, Ethereum at 20%, Solana at 3.2%, XRP at 2%, Cardano at 1.29%, and others at 13%. A high CMI value means investors have a high interest in the asset.
BTCUSD is now moving near the upper band line, here the price forms a long body bull candle exceeding the previous candle. This may end the consolidation phase at the beginning of this month.
The Bollinger band line still forms a flat channel, if there is a breakout of the upper band perhaps the price will seek a new high and increase volatility. If it fails, the price may fall back into the previous range.
Here the 50 MA which measures the moving average for the past 50 days forms a flat channel, while the 200 MA which is the slow MA is still far below the lower band forming an upward channel. The RSI indicator, which is an oscillator indicator, shows level 60, which means the price is above the uptrend level.
#bitcoinpricetoday #btcusdanalysis #ticktrader
