Good morning, let's look at the general situation regarding #Bitcoin according to the one-day charts dated September 3, 2024.
Yesterday was generally a calm day. There weren't many big moves. Although Bitcoin tried to make upward movements, it is in the same place today. Here's what is expected today. It may decline to $BTC 56.970 with a weight of 92.34%. Again, with the same weight, Bitcoin seems to be able to go up to 59,960. The closing price also seems to be 58970. Our price estimates from yesterday came true with a rate of 98.49%. Bitcoin has the potential to go up to 61,770 with a lower weight of 7.64% today. If this possibility happens, the closing price is expected to be around 61,460.
Let's also look at the status of the indicators. What are they in?
RSI: This indicator is almost the same as yesterday. It says the market is in balance. There is a signal that we are in a waiting period again.
CCI: The market had risen a little towards the night. There is very little selling pressure right now. It says that the effect of sellers has decreased.
MFI: This indicator also indicates that the market is in balance. It indicates that buyers and sellers are equal and investors are hesitant to enter into transactions.
ROC: It indicates that prices are still in decline but this decline has partially stopped, and like yesterday, it gives signals of the calm before the storm.
RVI: This indicator shows volatility. It indicates that the market is currently at a medium level of volatility. We understand from this that something can be gained from fluctuations.
These are the situations according to 1-day charts. What is shared is not investment advice. Please do not forget to make your own risk assessment. If the opportunity arises, I will share the situations according to 3-day charts. I wish you a fruitful and beautiful day.