The post Bitcoin(BTC) Price Analysis: These May be the Price Targets for the Weekend appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide
Bitcoin(BTC) pierce at the press time is trading around $23,088.04 with a drop of 1.82% in the past 24 hours. While the asset has recorded marginal gains in the past 7 days of 0.24% and surged more than 17.93% in the past 30 days. The market cap is also heading strongly towards $450 billion, currently residing at $441.25 billion with a daily trading volume of $24.36 billion.
Technical Indicators | Value(STF/HTF) | Action (STF/HTF) |
Relative Strength Index(RSI) | 44.18 / 53.38 | Sell / Neutral |
MACD | -47.10 / 515.6 | Sell / Buy |
Average Directional Index(ADX) | 33.79 / 18.45 | Buy / Neutral |
Average True Value(ATR) | 158.79 / 1009.29 | Less Volatility / Less Volatility |
Bull-Bear Power | 31.33 / 421.20 | Buy / Buy |
Pivotal Levels | Short Term | Long Term |
Resistance | $23,547.12 | $24,206 |
Support | $22,682.42 | $20,691 |
Moving Average(MA)-50 | $23,804.9 | $21,343.3 |
Moving Average(MA)-200 | $23,303.3 | $33,657.8 |
Bitcoin’s (BTC) price is extremely bearish in the short term as most of the indicators are pointing towards a ‘Sell’ signal. However, the asset is expected to stabalize in the next couple of weeks as the long-term projections display a neutral behaviour.