BTCUSD to see a continued uptrend(4Hr) |Bollinger band expansion

Market in last 24hrs

• BTCUSD saw an uptrend with price riding the upper band
  
• Price volatility was very high. The market moved ~8.16%, between $14.68k and $13.58k
  

Today’s Trend analysis

• BTCUSD expected to see a slight uptrend as the price has been riding the upper band with the Bollinger band expansion
  
• Price at time of publishing: $14,652
  
• BTC’s market cap: $270 Billion
  
• Oscillator indicators are mostly neutral. RSI at 70
  
• Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  
• Volume indicators observed an increase in value for the price increase
  

Price expected to see a slight uptrend as the price has been riding the upper band with the Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size increasing in the positive region suggesting bullish bias. RSI at 70, in the overbought region indicating a downtrend. CCI at around 160, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in value for the price increase indicating strong 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.

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

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- Mudrex