Good day, September 13, 2024 #Bitcoin Let's see how the market is.

The Weighted Moving Average is at $ 57,074. $BTC is currently at $ 58,035. According to this indicator, we see that the price is above the WMA, which is a positive signal.

According to the RSI indicator, we are in balance. There is no overbought or oversold. So there is some uncertainty.

CCI is at -6. When the CCI is positive, we can think that the prices will turn upwards, and when it is negative, we can think that it is in a downtrend. Right now, the CCI is almost neutral but slightly negative. This means that we do not expect a very strong movement.

MFI is at 40. When this value is below 50, it indicates that the selling pressure is greater. Being around 40 is not a bad situation.

The ROC indicator shows that the prices have not changed much recently. In other words, we can say that Bitcoin is currently moving sideways.

According to the RVI indicator, volatility should be a little more careful.

The Fear and Greed Index is at 27, which is quite low and indicates fear in the market. This can generally offer buying opportunities, but it should be noted.

The Chande Momentum Oscillator is at 0.73, which is in favor of positive momentum but not very strong.

In summary:

- The price is above the WMA and this is a good signal.

- There is uncertainty at the RSI and MFI levels.

- CCI is slightly negative but neutral.

- ROC indicates that there is not much movement.

- RVI says there may be sudden movements.

- F&G indicates that there is fear in the market, which can sometimes be a buying opportunity. But it is very risky.

In short, Bitcoin is on a sideways trend, but it is necessary to be careful. The analysis is valid until the close of the day and is not an investment recommendation. This is how things are for now. I am adding the price forecast and other charts. I wish you a good day.