Bitcoin (BTC.CPT)

Close: 49 377.00 (-1 353.57), May 14, 2021
Weak Negative

High risk

Automatic technical analysis. Medium term, May 14, 2021

Bitcoin has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. A head and shoulders formation is under development. A decisive break of the support at 48195, ideally with an increase in volume, signals a further fall. The currency has support at points 19000 and resistance at points 62000. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The currency is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -36)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.64%19 799.23-2.67%
5 days-76.029.00%16 422.22-15.89%
22 days-62.2926.66%13 877.59-8.52%
66 days-37.9070.78%13 653.87-8.21%

More analyses of Bitcoin

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


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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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