Bitcoin (BTC.CPT)

Close: 28 797.00 (-182.15), May 28, 2022
Negative

High risk

Automatic technical analysis. Medium term, May 28, 2022

Investors have accepted lower prices over time to get out of Bitcoin and the currency is in a falling trend channel in the medium long term. Falling trends indicate that the currency experiences negative development and falling buy interest among investors. The currency has broken down through support at points 30000. This predicts a further decline. In case of positive reactions, there will now be resistance at points 30000. 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 negative for the medium long term.

Recommendation one to six months: Negative (Score: -94)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.87%9 294.73-0.63%
5 days-96.719.38%8 572.69-4.46%
22 days-42.2126.55%10 381.50-21.00%
66 days-29.7453.12%8 346.84-31.31%

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: Negative
chart Bitcoin (BTC) Long term
Long term: Negative
 


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
+