$BTC Bitcoin / Tether (USDT) Technical Indicator's - June 16, 2024

The technical indicators for Bitcoin (BTC) against Tether (USDT) as of June 16, 2024,

Technical Indicators

The Relative Strength Index (RSI) is at 43.333, indicating a negative momentum. The Stochastic Oscillator (STOCH) is at 92.132, signifying an overbought condition, while the Stochastic RSI (STOCHRSI) at 3.617 signals oversold conditions. The Moving Average Convergence Divergence (MACD) at 109.7 suggests a positive trend. The Average Directional Index (ADX) at 23.462 indicates a neutral trend strength. Williams %R at -9.302 also points to an overbought condition.

The Commodity Channel Index (CCI) at -121.0568 and the Highs/Lows (14) at -1623.7905 both reflect negative trends. The Ultimate Oscillator at 40.287 and the Rate of Change (ROC) at -2.331 indicate a negative sentiment. The Bull/Bear Power index at -3084.2224 further confirms this downward pressure. The Average True Range (ATR) at 1759.3368 indicates less volatility.

Moving Averages

The moving averages summary indicates a general negative sentiment. The MA5 at 66,696.9 (simple) and 66,751.7 (exponential), MA10 at 67,865.1 (simple) and 67,385.3 (exponential), MA20 at 68,365.2 (simple) and 67,689.6 (exponential) all show negative trends. However, the MA50 at 66,133.9 (simple) suggests a positive trend, while the exponential indicates a negative trend. The MA100 shows a mixed signal with 66,728.5 (simple) indicating a negative trend and 64,051.5 (exponential) indicating a positive trend. The MA200 shows positive signals at 56,634.2 (simple) and 57,355.8 (exponential).

Pivot Points

The pivot points analysis identifies critical support and resistance levels, with the central pivot point at 66,188.2. Support levels are at 65,378.8, 65,636.9, and 65,930, while resistance levels are at 66,481.3, 66,739.4, and 67,032.5.

Overall, the technical indicators for BTC/USDT suggest a cautious outlook with several indicators pointing to continued downward pressure, despite some positive signals from moving averages.$BTC #BTC☀