Bitcoin (BTC.CPT)

Close: 16 555.00 (-66.18), Nov 27, 2022
Hold

High risk

Automatic technical analysis. Short term, Nov 27, 2022

Bitcoin is within an approximate horizontal trend channel in the short term, which indicates further development in the same direction. The currency has support at points 15800 and resistance at points 19000. 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 neutral for the short term.

Recommendation one to six weeks: Hold (Score: 2)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.56%5 345.76-0.40%
5 days-7.498.56%7 379.46+4.84%
22 days-51.6323.80%11 213.94-22.58%
66 days-15.7051.59%11 914.21-11.46%

More analyses of Bitcoin

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