Bitcoin weekly chart
despite the oversold readings on the 14-week RSI. Like before, we have to expect for price reversal with further upward movement and new high. A key long-term bitcoin (BTC) price indicator is reporting oversold conditions for the first time in almost four years. But falling to 2000.00-1600.00 zone seems impossible now. BTC/USD 4,006.50 4,347,868 Livecoin BTC/USD 4,111.13 3,950,793 Exmo BTC/USD 4,064.00 3,508,858 show why is bitcoin dropping so much today all Total / Average BTC/USD 4,120.32 245,857,890 Other fiat 3,088,124,290 Total USD 24 volume 3,333,982,180. Notably, BTCs ongoing bear market is looking quite resilient, as the sell-off is backed by strong volumes. So too, do the 5- and 10-day MAs which are trending south. As of now, its holding in oversold territory below.00.
Every time the market bounced from SMA20. Many experts also believe that RSIs drop below.00 is followed by a strong corrective bounce. It is worth noting that RSIs January 2015 drop below.00 was short-lived and BTC soon picked up a bid in response to the oversold conditions. Now we have the 6th correction.
Bitcoin weekly chart
The widely followed 14-week relative strength index (RSI which oscillates between zero to 100, is currently seen.80 a level last seen in January 2015. RSI confirmed price reversal in the overbought zone. Since the beginning of 2016 year, the market has passed through 5 correction movements. Trendanalysis supportandresistance indicator btcusdt bitcoin cryptocurrency, bearish divergence gave a signal that the market could reverse from 4900.00 level and start correction movement. Daily chart, on the daily chart, the immediate outlook remains bearish as long as BTC is trading below the descending trendline. BTC/USD 3,999.70 13,030,002, gemini, bTC/USD 4,004.51 8,563,939, lakebtc, bTC/USD 4,633.02 5,375,065 itBit, bTC/USD 4,002.26 4,973,441, bTSE. After that we got strong upward movements and new highs. A bullish reversal, however, would be confirmed only above 4,400 (Nov. Macd histogram confirms downward movement.
It provides news, markets, price charts and more. Bearish divergence gave a signal that the market could reverse from 4900.00 level and start correction movement. RSI confirmed price reversal in the overbought zone. Macd histogram confirms downward movement. We have good signals confirming that the market can drop lower.
Bitcoin 2014 to 2017, Bitcoin 2011 waarde,