Good day, let's see what the situation is about Bitcoin on September 9, 2024.

I will comment on the indicators. I will only give values ​​such as bottom and top prices as a graph.

RSI shows that #Bitcoin is close to oversold areas. In other words, we can say that it is under extreme selling pressure. We need to be careful.

CCI indicates that we are in an oversold situation. It is useful to be careful, because such values ​​​​usually indicate that a reversal may occur. Although we seem to be in a recovery phase right now, the direction does not seem to be completely upward.

The MFI indicator shows that the demand for $BTC has decreased and sellers are dominant. When the MFI generally falls below 20, buying opportunities may occur, but it is currently around 23 and it is useful to watch a little longer.

ROC shows that the price change has turned negative, that is, a downward trend is dominant. Generally, negative ROC values ​​​​can be a warning signal, we need to be careful.

RVI shows that volatility is quite high and Bitcoin prices can change rapidly. In other words, we may see sudden movements in prices in the coming days.

The F&G value appears at 33 on daily charts, meaning we are at the fear level. When this index is low, demand usually decreases and prices fall, and when it is high, demand increases and prices rise. There seems to be some fear in the market right now.

In general, technical indicators are currently indicating a bit of caution. There may be a potential for prices to fall a little more. It is necessary to analyze well.

I am also adding 1-day, 3-day and 1-week price predictions. Success rates were calculated by including only high probabilities. You can see the margins of error accordingly. You can examine potential places. Sharing is not investment advice. Please do not forget to do your own risk assessment.Be sure to check out other analyses and comments.

I wish you a blessed day.