Bitcoin (BTC.CPT)

Close: 18 872.00 (-435.03), Dec 5, 2020
Positive

High risk

Automatic technical analysis. Medium term, Dec 5, 2020

Bitcoin has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 10000 . RSI diverges negatively against the price, which indicates a danger for a reaction down. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend for the price as well. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 83)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.34%5 495.58-2.25%
5 days1.158.16%7 077.08+1.82%
22 days-6.0923.95%6 599.87+15.00%
66 days19.7455.10%4 738.41+75.55%

More analyses of Bitcoin

chart Bitcoin (BTC) Candlesticks 22 Days
Candlesticks
chart Bitcoin (BTC) Short term
Short term: Positive
chart Bitcoin (BTC) Medium term
Medium term: Positive
chart Bitcoin (BTC) Long term
Long term: Weak Positive
 


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Data:


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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