Bitcoin Price Meltdown: Cryptocurrency Market Drops As Value Suddenly Plunges - Bitcoin Price Analysis - 11 Oct 2018

Oct 11 2018
After Price Change
1 day $6,262.0216 0.33%
1 week $6,303.3582 0.99%
1 month $6,573.8746 5.33%
6 months $7,160.5164 14.73%
1 year $9,442.8142 51.29%
5 years $24,108.0943 286.26%

The Commodity Channel Index​ (CCI) is a momentum-based technical trading tool used to determine when a market is overbought or oversold. Commodity Channel Index is at -278.8, indicating Neutral action.

The Relative Strength Index (RSI) is an important indicator for measuring the speed and variation of price movements. Its value ranges from zero and 100. The value around 30 and below is considered an oversold region and over 70 as oversold regions. Relative Strength Index is indicating Neutral action, with value at 37.3.

The stochastic oscillator is a momentum indicator that compares the closing price of a security with the price range over a specific period. Stochastic oscillator is indicating Neutral action, with value at 39.9.

Moving averages come in many forms, but their use remains the same: to help traders identify the trends of assets by smoothing out the day-to-day price fluctuations.

20 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6589.3. 50 days Exponential Moving Average is indicating Sell action with value at 6625.1, Bitcoin is trading below it at $6241.37. 20 days Volume Weighted Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6567.

20 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6569.7. 30 days Simple Moving Average is at 6544.5, showing Sell signal, Bitcoin is trading below it at $6241.37. 50 days Simple Moving Average is indicating Sell action with value at 6635.9, Bitcoin is trading below it at $6241.37.

30 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6581.5. 100 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6785.7. 10 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6241.37, below MAs value of 6571.5.

200 days Simple Moving Average is indicating Sell action with value at 7238.5, Bitcoin is trading below it at $6241.37. 9 days Hull Moving Average is indicating Sell action with value at 6556.2, Bitcoin is trading below it at $6241.37. 200 days Exponential Moving Average is at 7230.8, showing Sell signal, Bitcoin is trading below it at $6241.37.

Also Read: Best Penny Cryptocurrency To Invest In 2018

10 days Exponential Moving Average is at 6556.9, showing Sell signal, Bitcoin is trading below it at $6241.37. 100 days Exponential Moving Average is indicating Sell action with value at 6822.2, Bitcoin is trading below it at $6241.37. 9 days Ichimoku Cloud Base Line is indicating Neutral since Bitcoin is trading at $6241.37, below MAs value of 6470.5.

Other Technical Price Analysis for today:

Ethereum (ETH) Price Declined And Broke Major Supports - Ethereum Price Analysis - 11 Oct 2018

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