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 high. The market moved ~4.26%, between $11.93k and $11.45k
  

Today’s Trend analysis

• BTCUSD expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion
  
• Price at time of publishing: $11,801
  
• BTC’s market cap: $218 Billion
  
• Oscillator indicators are mostly neutral. RSI at 67
  
• Moving average indicators are indicating an uptrend Ichimoku Cloud is neutral
  
• Volume indicators observed an increase in volume with the price increase while a decrease in volume as the price declines
  

Price expected to see an uptrend as price is riding the upper band with higher lows and Bollinger band expansion. Most of the Oscillator indicators are neutral. MACD line moving above the signal line, with the histogram size decreasing in the positive region suggesting bullish bias. RSI at 67, above the midline in the neutral region, close to the overbought region. CCI at around 125, in the overbought region indicating a downtrend. Another interesting point to notice here is that the volume observed an increase in volume with the price increase while a decrease in volume as the price declines suggesting a 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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