BTCUSD to see an uptrend(4Hr) | Midline support observed

Market in last 24hrs

• BTCUSD saw consolidation as the price got midline support
  
• Price volatility was high. The market moved ~2.3%, between $13.18k and $12.89k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend as the price after getting a rejection from the upper band got midline support with higher lows
  
• Price at time of publishing: $13,153
  
• BTC’s market cap: $243 Billion
  
• Oscillator indicators are mostly neutral. RSI at 62
  
• Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  
• Volume indicators observed an increase with an increase in price while a decrease in value with the price decline
  

Price expected to see an uptrend as the price after getting a rejection from the upper band got midline support with higher lows. Most of the Oscillator indicators are neutral. MACD line approaching from below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 62, in the neutral region. CCI at around 92, in the neutral region. Another interesting point to notice here is that the volume observed an increase with an increase in price while a decrease in value with the price decline indicating strengthened buying pressure.
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The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.

DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.

Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .

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- Mudrex