Bitcoin (BTC.CPT)

Close: 48 459.00 (+1 675.67), Mar 6, 2021
Hold

High risk

Automatic technical analysis. Medium term, Mar 6, 2021

Bitcoin is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The stock is approacing resistance at 56000 , which may give a negative reaction. However, a break upwards through 56000 will be a positive signal. Negative volume balance weakens the stock in the short term. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 13)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.74%12 135.95+3.58%
5 days-11.989.64%13 848.41+4.16%
22 days-53.6230.15%15 722.32+2.38%
66 days-20.1873.84%15 551.21+73.94%

More analyses of Bitcoin

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


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.

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.

Titlex

OK