Hello, let's take a look at the situation of Bitcoin according to the 1-day charts dated September 18, 2024. #Bitcoin is trading at $ 59,392. First of all, the WMA, or weighted moving average, is around $ 59,288, which shows us that prices are currently at an average level, so I can say that they are neither too high nor at the bottom. Now let's summarize the situation by looking at the indicators:

The RSI value is in a very neutral zone. There is neither overbought nor oversold. We can say that $BTC is neither too bought nor sold.

The CCI is at 97 and this is a high value. There seems to be a strong upward movement in the Bitcoin market right now, but since it is close to the overbought zone, we need to be careful.

The MFI is at an average value, which shows that it is in a neutral zone just like the RSI. We can say that there is no overbought or oversold pressure based on volume.

The ROC is around 4.12. This indicates a short-term increase, but it should also be noted that it is not a very rapid change. In other words, there is a slight upward movement, but it is not as if it has exploded.

RVI indicates that volatility is moderate. There are usually sudden movements at these levels.

Fear/Greed Index is 86.25, which is quite high, and it gives the message that the market is acting a little greedy. This means that people are eager to invest in Bitcoin, but excessive greed is a dangerous situation for investors.

To summarize, Bitcoin is currently trading at average levels, but there is a slightly greedy atmosphere in the market. Therefore, it is useful to act without losing caution.

Sharing is not investment advice. Do not forget to make your own risk assessment.

Have a nice day.