The FXOpen Ticktrader chart shows that Bitcoin price is forming a bullish candlestick with long shadows on the top and bottom of the candle.
This week Bitcoin gained 5.47% taken by data from Coinmarketcap. In 24 hours Bitcoin price range was low $50,792.31 and high $52,945.05
The Fear and Greed Index shows a value of 74, down 1 point from before.
Bitcoin recorded an all time high of $68,789.63 on November 10, 2021, and an all-time low of $0.04865 on July 15, 2010.
BTCUSD D1 Ticktrader FXOpen
In the D1 timeframe, the Bitcoin price moves below the upper band line and forms a formation parallel to the previous candlestick.
Bollinger bands still appear to be forming an upward channel with a wide band distance indicating high market volatility.
MA 50 is far below the price forming an upward channel above the middle band line, an indication of a market uptrend.
The RSI indicator shows level 75 which means the price is in the overbought zone.
In the H1 timeframe, BTCUSD appears to be forming an up and down swing around the Bollinger band line. The low price range is approximately $51K and the high is $53K
Bollinger bands form a flat channel indicating a sideways market.
MA 50 forms a flat channel near the price indicating a sideways market
RSI shows level 54, an indication that prices are above the uptrend level
SnR
S3: 24877.1
S2: 38471.6
S1: 38471.6
R1: 52936.8
R2: 52936.8
R3: 52936.8
This week Bitcoin gained 5.47% taken by data from Coinmarketcap. In 24 hours Bitcoin price range was low $50,792.31 and high $52,945.05
The Fear and Greed Index shows a value of 74, down 1 point from before.
Bitcoin recorded an all time high of $68,789.63 on November 10, 2021, and an all-time low of $0.04865 on July 15, 2010.
BTCUSD D1 Ticktrader FXOpen
In the D1 timeframe, the Bitcoin price moves below the upper band line and forms a formation parallel to the previous candlestick.
Bollinger bands still appear to be forming an upward channel with a wide band distance indicating high market volatility.
MA 50 is far below the price forming an upward channel above the middle band line, an indication of a market uptrend.
The RSI indicator shows level 75 which means the price is in the overbought zone.
In the H1 timeframe, BTCUSD appears to be forming an up and down swing around the Bollinger band line. The low price range is approximately $51K and the high is $53K
Bollinger bands form a flat channel indicating a sideways market.
MA 50 forms a flat channel near the price indicating a sideways market
RSI shows level 54, an indication that prices are above the uptrend level
SnR
S3: 24877.1
S2: 38471.6
S1: 38471.6
R1: 52936.8
R2: 52936.8
R3: 52936.8
