Bitcoin price and analysis

[FXOpentrader]

Today price Bitcoin at $36K almost near to $37k based coinmarketcap prices, its rise 0.58% today, based price history the BTC price even drops to about $32K yesterday, this seems bad for BTC, the king of crypto seems to need to struggle to get recovery, which before some analyst believe if BTC can reach $100k, but now seems they need to recalculate their prediction because now the booming market maybe occurs on NFT marketplace

[FXOpentrader]

Today BTC's price is $36,827.9, it's down 0.42% from the opening price, after price drops yesterday now seems BTC's price trying to head up, the next short-term target is about $38k, yesterday high $38919.

BTC and overall cryptocurrency seem also to get impact from the news about the fed rumor that will increase the interest rate to control inflation.

[FXOpentrader]

BTC price now rises 0.8% at price level :$37,033.47. the price seems trying to rise to $40, but now the price is already on upper band area, and as resistance zone-based indicator, but RSI level 57, indicates if the price in bullish trend does not yet enter on the overbought zone that based on theory on 70

[FXOpentrader]

BTC today price at $37,924.02, the price drops from $38k in 0.57%, volume transaction for 24 hours fall 14.83% in number volume $14,643,548,444, market cap now $718,376,705,763 drops 0.60%, the author famous book poor dad and rich dad Robert Kyosaki has a plan if BTC drops to $23K he will buy buch BTC.

[FXOpentrader]

BTC price now reaches $38,476.74, it is rise again to continue yesterday rising price, resistance zone based H1 on price pattern is 38744 and support 38226, draw indicator MA where the price still below the line indicates BTCstill downtrend undergoing, RSI indicator level 39 indicating downtrend still on the line based indicator, and Bollinger band steep down, and narrowed the line indicates volatility is decreasing.

[FXOpentrader]

BTC current price $38,750.78, its rise 0.83% at the moment, its not big difference with yesterday price movement, based MA line now price above MA 9 but still below MA 21, its mean still undecided, go to H1 timeframe the price now move on the small range market.

[FXOpentrader]

BTC price now drops again to $36,918.15 price level, its roughly 4.75% drops from the previous price, the daily timeframe the price formed sloping down if we draw a trendline from high to high and low to low, bearish still dominating the market, but RSI level now 34 although based indicator more in a downtrend, but it already close to the oversold zone.

Take a look at Bollinger band indicator, now price below the middle band, indicator the bad like as first resistance on the daily timeframe, now go to hourly BB line already expanding to down, means there is increasing volatility on this timeframe, meanwhile, RSI indicator level at 28, it's already enter oversold zone level, should be carefully possibility rejection will lead to a reversal.

[FXOpentrader]

Bitcoin price on this morning drops 0.41%, now price is $36,916.03, in the last 24 hours BTC market formed low w:$36,375.54 and High:$37,144.20. based MA indicator on daily timeframe now the price still below the line, means in downtrend market-based theory in technical analysis, RSI level now 35 indicates the price still tend in a downtrend market, not yet entered on oversold zone price.

Meanwhile, on hourly timeframe, the price is already above MA and the MA seems to start to crossover from below to top, meanwhile, the RSI value is 50, this is equilibrium zone based RSI, the next price is possible to rise or down.

[FXOpentrader]

Bitcoin price now on Monday 07 February 2022 at $41,685.09 price level, it is known to rise from two days ago where the BTC price drop to around $36k, volume 24 hours at time writing is $14,458,670,314, it is fall 29.31%, meanwhile, market cap rises 0.9% at $790,121,925,415 data from Coinmarketcap.

On daily timeframe now BTC price already on area upper band, and RSI level 56.30, two candle pattern formed small body candle, meanwhile, MA cross already crossing up

Go to hourly timeframe, the price now is flat, Bollinger band giving signal squeeze where the upper and lower band narrowed and squeeze the price, this condition waiting for momentum breakout.

[FXOpentrader]

BTC price now at $43,767.66, its success to contune yesterdays rising price, volume trading 24 hour rising 74% to $28,528,945,677 and market cap also rise 3.76% to $828,724,300,623.

There are traders that believe if the BTC price could reach $45k, and it is possible, the price now already above MA line and crossing MA already formed as valid., but the consideration is now the price move at the upper band, beware if there are reversal pattern on the zone. besides RSI level shows the price is already closed on overbought area level now 65, meanwhile level overbought is 80.

Based on H1 now the BTC price in a correction down wave, and on the middle band, meanwhile RSI level 62 sleeping down.

[WalletInvestor]

Great analysis, thanks for sharing on the forum!

[FXOpentrader]

BTC price today $44,164.80, its down 0.51%, volume 24 hours rise 14.14% to $33,082,403,378, meanwhile market cap also rise 0.51% to $836,896,681,606.

Based on the daily timeframe BTC price success to break upper band, but the price back to the Bollinger band range, meanwhile RSI level now 63 still not yet entering the overbought zone at 80 RSi level.

In hourly timeframe, BTC price now above middle band line, which middle band may act as support zone at the moment, meanwhile RSI level 59 still weighted to uptrend based signaling indicator.

[FXOpentrader]

BTC price today $44,382.07, volume 24 hours drops 29% to $23,243,107,205, marketcap rise 0.46% at $841,189,511,330.

There are traders who still believe BTC will reach $45k, and this is already close to the line, comparing the previous price, the current price still not yet able to break high, and still move on the previous range price,

RSI level 63 still not yet entered the overbought zone, Bollinger band line start to sloping up the line as expanding volatility.

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[FXOpentrader]

Bitcoin price today $43,511.09, volume 24 hours $32,046,608,012 it is rise 37.91%, market cap $824,225,836,378, it is drop 2%.

The price faced difficulties to head up and continue bullish, there is downside pressure on the resistance zone level, although BB line starting to expand, but the price already close on overbought zone-based RSI

In short term, the hourly timeframe the BTC price is now at the lower band, this is a flat condition and usually, the price still moves in the small range. meanwhile RSI level 40, still possible to continue bearish-based indicators.

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[FXOpentrader]

Bitcoin price today $42,299.48, high price at last 24 hour is 42,693.05 and low $41,950.94, trading volume 24 hour $14,639,234,133 drops 19% and marketcap reach $800,723,272,350 rise 0.9%.

In daily timeframe the BTC price formed a bearish pattern in a small trading range, the price trying to approach middle band indicator BB, meanwhile rsi level 61 still weighted in uptrend based indicator. the price has already crossed the MA line from the top.

Go to the hourly timeframe for short-term market Bollinger band squeeze the price, and move on small range prices, RSI level 43 indicates on downtrend market.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC today price $42,611.99 at the time writing up 1.33%, volume 24 hours $20,759,279,125, rise 40.72%, marketcap $807,865,273,005 rise 1.33%.

The price still not change too much from the previous day at $42k level price, now based on daily timeframe outlook, the price above MA 9 indicates uptrend based MA indicator, while based on Bollinger band now the price below the middle band means still move on the range but tend to bearish, RSI level 54 indicates uptrend dominant based indicator.

Move to hourly timeframe, now the price already moves on upper band area based Bollinger band, while based MA 9 now the price above MA line indicates uptrend based indicator, RSI level 53 indicates uptrend dominant based indicator.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $44,450.92, volume 24hours rise 9% to $22,774,356,421, marketcap rise 4% to $842,805,338,371.

The price eventually rise about 4%, after consolidation a few days market quieted slow, volume increased yesterday, and bring the BTC price to $44, based indicator MA 9 the price crossing up means bullish signal based indicator, meanwhile Bollinger band show expanding line as increase volatility.RSI level 62, as a bullish signal not yet enter the overbought area

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $43,923.59 drops 0.22%, volume 24 hours $19,510,156,135 drops 10%, marketcap $832,489,908,839 drops 0.2%

The price was unsuccessful to break the previous high and get pressure from the seller and landing at $43k price level, based Bollinger band indicator now price at above meddle line, and above MA 9, which indicates bullish more dominant in the market.

The H1 price level in consolidation, where the price move on MA line up and down.


Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $40,708.51 drops 7.61%, volume 24 hours $26,064,189,547 rise 28.57%, marketcap $771,256,879,581 drops 7.65%

The BTC price is still hard to break previous high, the price even drops from the previous high and lading on $40k price level, the price success to crossing MA9 line and now below the line, it's signal for downtrend based indicator, meanwhile based Bollinger band the price also crossing middle band and the next support based lower band around $36k, meanwhile based RSI 45 level indicates downtrend based indicator

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $38,312.09, drops 4.45%, volume 24 hour rise 34.68% at $18,399,260,020, marketcap $726,927,112,998 drops 4.38%

The price now below MA 9 means downtrend more dominant in recent days, meanwhile based Bollinger band indicator now price below the middle band, and moving target to lower band as the next support level, based RSI level 38 indicates downtrend not yet enter oversold price zone.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

Bitcoin price today $37,122.18, drops 3.14%, volume 24 hours $29,686,876,010 rise 60.16%, marketcap $704,493,306,764 drops 3.15%

In the daily timeframe, the price below MA 9 indicates bearish trend based indicator, and based on Bollinger band, now the price at the lower band it possible to become dynamic support for BTC, meanwhile based RSI level 35 indicates downtrend still not yet entered oversold area

In the hourly timeframe, the price now price moved on the small range in the last few hours, the price is possible to continue down based RSI level now 39.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $37,960.32, rise 1.14%, volume 24 hours drop 10.95% at $25,576,085,213, marketcap rise 1.19% at $719,921,643,933.

BTC price in daily timeframe in consolidation zone at lower band level based Bollinger band indicator, while moving average shows the price still below the line indicates downtrend market. meanwhile RSI level 39 indicates downtrend based indicator

In the hourly timeframe the price level consolidation on the upper band, the pattern candle trying to head up, if success to break the line possible rising, while RSI level 54 indicates uptrend not yet enter the overbought zone.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $37,787.85, drops 0.49%, volume 24 hours drops 23.50% at $21,173,246,686, market cap $716,632,664,994 drops 0.51%.

Overall the price is still below MA 9 line, and move at lower band indicator, the price does not differ much change from yesterday.

In hourly, the price now at lower band based Bollinger band indicator this act as dynamic support, while RSI level 39 still giving sell signal based indicator.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today rise 2.70% at $38,171.97, volume 24 hours rise 110.10% to $46,255,761,909, marketcap rise 2.41% to $724,880,746,350. 24 hour high Low:$34,459.22, High:$38,968.84

Amid war between Russia vs Ukraina, BTC price increasing volatility, the price rise although still on previous range market, based Bollinger band the price still move at lower band zone level, below the middle band, and also below MA 9 means-based indicator still in bearish tension. RSI level 42 indicates a downtrend-based indicator.

In hourly formed strong bulls candle last few hours, but the uptrend still get barrier and land again to consolidation.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today again drop to $37,728.96, it is drop 3.7% today, volume 24 hours $23,447,029,788 rise 34,23%, market cap drop 3.56% to $715,280,242,314.

90% BTC already in circulating supply in number 18,969,931.00 BTC, maximum supply BTC only 21.000.000 that might will reach minted on 2040.

Amid conflict Rusia vs Ukraina, BTC faced difficulties to wake up, uncertain conditions maybe makes people look safe havens like gold and currency safe haven like USD, CHF, or JPY.

The price now below MA 9 indicates in downtrend-based indicator, meanwhile according to Bollinger band, now price move below the middle band, means the pair in downtrend pressure, meanwhile RSI level 41 indicates a downtrend not yet entered oversold zone level.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today rise 14.62% at $43,041.12, volume 24 hours rise 51.92% at $35,138,512,467, marketcap $815,786,367,006 also rise 14.71%

After drops to low-level price $37k BTC getting pump and rising in higher volume trading and success to break $40k price level, biggest volume also success to make the price break MA line from below to the top, the price now tries to reach upper band on daily, its possible act as resistance zone based technical tool.RSI level 58 indicates the uptrend still going on and has not yet reached the overbought zone level.

Based on hourly we get the different pattern on the chart, the price above MA line and break upper band line indicator, means the price in increase volatility, but RSI level 79 indicates on an overbought level zone, beware the reverse movement may occur.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today $44,421.12 rise 2.38%, volume 24 hours drop 9.5% at $44,421.12, marketcap $843,808,093,764 rise 2.74%

BTC circulating supply 18,971,887.00 BTC 90%. the price trying to reach the upper band where $46k price level may act become resistant on this level, meanwhile now RSI level show 62 based indicator not yet reach overbought zone level at 80.

Go to the H1 timeframe the price above MA9 indicates an uptrend-based indicator, but the Bollinger band line narrowed as decreasing volatility. meanwhile, RSI level 68 is close to overbought zone level 80.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

Today BTC price drops to $43,788.24, it about 1.60% drops after yesterday the price success to move on $45k price level. volume 24 hours drop 11.04% to $28,851,454,628, market cap drop 1.58% to $830,458,633,748. high low price in 24 hour, low $43,432.85, high :$45,077.58

The daily timeframe the price now consolidating below upper band line based Bollinger band indicator, and the price above MA 9 at the moment shows uptrend based theory, RSI level 59 already out from overbought zone level.

In the hourly timeframe, the current price move flat condition, this can be read by the Bollinger band indicator where the upper band and lower band start to squeeze the price. the price still moves on MA 9 line. not yet a clear direction trend-based indicator.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

Today BTC price, drops 3.37% at :$42,456.61, volume 24 hours also drops 14.44% at $24,967,615,067, while marketcap drops 3.35% at $805,466,458,785, 24 hours Low:$41,914.75, and 24 hours High:$44,021.58

Daily timeframe shows the price now below MA line, and the price far away from the upper band to middle band RSI level 54 indicates a market in bullish based indicator, but the line sloping down,

While in hourly, the price now below MA line and price move below middle band toward the lower band, RSI level 38 indicates downtrend going on.

Cryptocurrency CFDs are not available to Retail clients in the UK

[FXOpentrader]

BTC price today drops 1.09% at $39,012.20, volume 24 hours rise 9.4% at $18,933,403,724, marketcap drops 1.18% at $739,607,746,144, high low on 24 hours Low:$38,211.65 High:$39,640.18

Different from USD that strengthening to many currencies, BTC price drops again after on previous Friday the price reaches $43 k, now Bitcoin still in a downtrend market.

Daily timeframe, the price success crossing ma line from top to bottom, based theory in giving sell signal based indicator, while RSI level 44 indicates downtrend dominant in the market-based theory.

While in hourly, the price n consolidation price zone level, price move between ma line, and Bollinger band starting to narrow as decreasing volatility

Cryptocurrency CFDs are not available to Retail clients in the UK