|$BTC Price Change|
The Bitcoin daily trend is down. A large concerted dump pushed prices down by over $200 in less than an hour. The bears are putting a damper on the bullish enthusiasm, news and rumours that had buoyed the market in the last few days.
[Trend is "down" when the daily price movement is predominantly downwards.]
Real Time Market Depth
[The real time market depth is a fractional representation of the order book, used to assist in determining market direction.]
Tap / click to zoom:
Moving Average Convergence Divergence (MACD)
The MACD on the four hour chart is strongly bearish.
Exponential Moving Averages (EMA)
The one hour EMA divergence is steeply bearish.
Relative Strength Index (RSI)
The Relative Strength Index on the chart is 23.5. This is an oversold state.
Both the one and two hour charts show an oversold RSI state.
Bitcoin $BTC Price Outlook
- the Bitcoin $BTC price outlook is bearish
- if the price finds acceptance at higher levels the major resistance prints at $4006.81 (Jan09)
- if the price finds acceptance at lower levels the major support prints at $3156.26 (Dec14)
The author holds Bitcoin $BTC at the time of writing.
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