Period Value Action
RSI (14) 59.93 NEUTRAL
Stoch RSI (14) 0.63 BUY
Stochastic Fast (14) 19.77 BUY
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 60.74 BUY
Awesome Oscillator (5, 34) 1,711.08 NEUTRAL
Momentum (10) -826.77 SELL
MACD (12, 26) -232.13 NEUTRAL
Williams Percent Range (14) -80.23 BUY
Ultimate Oscillator (7, 14, 28) 39.07 NEUTRAL
VWMA (10) 23,199.68 SELL
Hull Moving Average (9) 22,885.36 BUY
Ichimoku Cloud B/L (9, 26, 52, 26) 22,083.17 NEUTRAL
The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Bitcoin is at 59.93, suggesting that BTC is currently neutral.
The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Bitcoin over the last 50 days. Currently, Bitcoin is trading below the SMA 50 trendline, which is a bearish signal.
Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the BTC closing price for the last 200 days. BTC is now trading below the SMA 200, signaling that the market is currently bearish.
The bottom line about this Bitcoin prediction
After considering the above factors, we can conclude that the current forecast for Bitcoin price prediction is Bearish. BTC would have to increase by 20.86% to hit our $ 26,506 target within the next five days. Moving forward, it will be important to monitor the BTC market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Bitcoin price predictions click here.
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.
