BITCOIN TECHNICAL ANALYSIS ( 18th Oct 2023 )
Price Analysis
Current Price: $28739.02
24-Hour Change: 1.88%
Circulation Supply: 19.52M
Trend Analysis
Technical Indicator : Strong Buy (On Daily Basis)
Moving Average : Strong Buy (On Daily Basis)
Overall Trend : Strong Buy (On Daily Basis)
Key Support and Resistance Levels:
Support Level 1: 28125.4
Support Level 2: 27850.3
Resistance Level 1: 28639.0
Resistance Level 2: 23378.7
Moving Averages:
50-Day Simple Moving Average (SMA): 26790.70 ( Buy)
200-Day Simple Moving Average (SMA): 27772.0 ( Buy )
Relative Strength Index (RSI)
Current RSI: 67.237
RSI Interpretation: Buy Zone
Volume Analysis
Trading Volume: $14,616,751,761
Volume Trends: Increasing in Nature
Candlestick Patterns
BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ).
HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ),
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ).
Conclusion
The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M.
It's essential to exercise caution and apply risk management strategies in your trading decisions.
Current Price: $28739.02
24-Hour Change: 1.88%
Circulation Supply: 19.52M
Trend Analysis
Technical Indicator : Strong Buy (On Daily Basis)
Moving Average : Strong Buy (On Daily Basis)
Overall Trend : Strong Buy (On Daily Basis)
Key Support and Resistance Levels:
Support Level 1: 28125.4
Support Level 2: 27850.3
Resistance Level 1: 28639.0
Resistance Level 2: 23378.7
Moving Averages:
50-Day Simple Moving Average (SMA): 26790.70 ( Buy)
200-Day Simple Moving Average (SMA): 27772.0 ( Buy )
Relative Strength Index (RSI)
Current RSI: 67.237
RSI Interpretation: Buy Zone
Volume Analysis
Trading Volume: $14,616,751,761
Volume Trends: Increasing in Nature
Candlestick Patterns
BULLISH DOJI STAR : Bullish Reversal ( Indication ), Medium ( Reliabilty ), During a downtrend, the market strengthens the bears with a long black candlestick and gaps open on the second one. However, the second candlestick trades within a small range and closes at or near its open. This scenario generally shows the potential for a rally, as many positions have been changed. Confirmation of the trend reversal would be a higher open on the next candlestick ( Description ).
HANGING MAN : Bearish Revesal ( Indication ), Low ( Reliabilty ),
During an uptrend, there is a sharp sell off after a gap to the upside. However, the candlestick closes at or near its high. This signifies the potential for further sell-offs. Since the certainty for a Hanging Man indicator is low, the trend reversal can be confirmed by a black candlestick or a large down gap on the next candlestick accompanied by a lower close ( Description ).
Conclusion
The live price of Bitcoin is $ 28,739.15 per (BTC / USD) with a current market cap of $ 560.90B USD. 24-hour trading volume is $ 14.61B USD. BTC to USD price is updated in real-time. Bitcoin is +1.83% in the last 24 hours with a circulating supply of 19.52M.
It's essential to exercise caution and apply risk management strategies in your trading decisions.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.