Check Out The Bitcoin Technical Analysis

Bitcoin prices look slightly bullish since the prices have bounced off of the support and show a slight green trend after a very long time of the bear market.

Current price: $3881

Market Cap: $67.528 billion

Trade Volume: $6.09 billion

1 Day Bitcoin Price Analysis

1 day bitcoin price analysis

  • Uptrend

The uptrend is blown out of the playing field since the bears have mutilated Bitcoin.

  • Downtrend

The downtrend for Bitcoin in the one-day timeframe for Bitcoin ranges from $9799 to $3800.

  • Support

Bitcoin prices are supported at $3800 which is quite higher than the earlier supports.

  • Resistance

The resistance points for Bitcoin can be seen that ranges from $7359 to $9799. The rest of the chart shows nothing but brutal dips by Bitcoin.


  • Bollinger Band

The Bollinger Bands experienced a squeeze and have since been on an expansion, which shows induction of volatility in the market. The prices have hit the lower band indicating an oversold market.

  • Awesome Oscillator

The Awesome Oscillator shows a bearish momentum increasing as the red spikes are increasing without stop.

1 Hour Bitcoin Price Analysis

  • Uptrend

The prices are moving up but it is too soon to have an uptrend form yet.

  • Downtrend

The downtrend for Bitcoin seems strong and it ranges from $5495 to $3799, in one length without any breakups.

  • Support

The support for Bitcoin is holding steady at $3605, even though the prices bounced off of this point three times in the last two days.

  • Resistance

Initial resistance can be seen set up at $4345, a post which the resistance point can be seen at $4749 and $5544..


  • MACD

The MACD line has crossed the signal line which indicates a bearish crossover. The histogram, however, shows green bars as these lines are going up.

  • Relative Strength Index

The RSI has crossed above the 50 line and is almost reaching the 60-line, which shows a slight bullish trend.

What’s your opinion on the fluctuations of Bitcoin? Share your ideas on this topic and many more on our Twitter and Telegram pages.

Show More

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button