BTC still above 10k | RSI in overbought region!

COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Market in last 24hrs
-BTCUSD above 10k, price saw a good uptrend
-Price volatility was high. Market moved ~4.8%, between $10.3k and $9.85k

Today’s Trend analysis
-Expect uptrend to continue, might see some consolidation
-Price at time of publishing: $10,248
-BTC’s market cap: $188 Billion
-Oscillator indicators are mostly neutral. RSI at 75
-Moving average indicators are biased towards uptrend. Ichimoku Cloud is neutral
-Volume indicators are indicating continuation in uptrend as green candles saw big volumes while red candles saw less than 20 candle average volume .

Price expected to continue uptrend. Most of the Oscillator indicators are neutral. MACD is postive above 187, increasing histogram is a bullish sign. RSI is trending and at 75, it is above the overbought region since the last few candles. CCI rose above 0 and is in overbought region, which is a bearish sign. Another interesting point to notice here is that price has been going above the upper bollinger band and we might expect some consolidation.


The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and remaining 11 are oscillators. These indicator values are calculated using 4 hr candles.

DM to get details of the above analysis and list of indicator & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter sudden jump in trade volume .


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