Bitcoin technical analysis: 15th anniversary celebration marred by market chaos
Today, the price of Bitcoin fluctuated between $41,804 and $45,813, with a market capitalization of $832 billion and a trading volume of approximately $35.96 billion.
Oscillators and moving averages hint at mixed sentiment: momentum and moving average convergence divergence (MACD) levels indicate bearish action, while we see strong bullish signal from exponential and simple moving averages, especially over longer periods (50, 100, and 200 days)
A study of the situation shows the neutral position of the Relative Strength Index (RSI), Stochastic Indicator, Commodity Channel Index (CCI), Average Directional Index and Wonder Oscillator. However, selling pressure is evident due to the negative momentum and MACD level. Moving averages are predominantly bullish, especially on longer time frames, indicating continued underlying optimism.
