Hello, let's take a look at the latest status of #Bitcoin on the 1-day charts dated September 27, 2024. First of all, the price of $BTC is currently hovering around 65,693 USDT levels. As can be seen in the charts, I can say that we are generally in an uptrend.
Now, let's take a detailed look at some indicators:
RSI is around 66. RSI is currently below 70, it has not entered the overbought zone but is at high levels. In other words, there is potential for further increases, but it is useful to be careful because uptrends may be limited.
CI appears at 120. Our CCI value is above 100, which indicates that we are in the overbought zone and a correction may come, just so you know.
MFI is around 79. MFI is also close to the 80 limit, which indicates that capital flows are high. However, let me state that we should be a little careful at this level. It is just below the overbought level.
ROC is 6.37. ROC is positive and clearly showing an upward trend, indicating that the price is gaining momentum.
RVI is around 67. RVI is also rising, indicating that the market is volatile. It is very prone to sudden movements.
Fear/Greed Index is 63 The market seems a bit greedy, meaning investors have a high appetite for risk. In such cases, this can result in disappointment. This indicator says to be careful.
CMF is 0.31. In other words, a positive CMF value indicates that there is capital inflow into the market and this situation supports the price.
If we combine all the indicators, the indicators tell us that there is still upside potential in Bitcoin, but we need to be a little careful. It may make sense to buy now, but you need to pay attention to technical indicators and be cautious against sudden pullbacks. Also, according to 1-day charts, there is a negative divergence, so be aware. Shares are not investment advice.I wish you plenty of income.