Bitcoin (BTC/USD) Price Prediction via Technical Analysis for 08 September 2018

Sep 08 2018

Bitcoin (BTC) Price Predictions / Bitcoin (BTC) Forecast

After Price Change
1 day $6,502.4507 0.51%
1 week $6,576.6308 1.65%
1 month $6,470.2115 0.01%
6 months $7,032.2248 8.70%
1 year $9,531.1268 47.32%
5 years $23,811.5134 268.05%

We've applied Technical Analysis to the price of Bitcoin (BTC/USD) for today and predict where price is headed.

The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis to measure an instrument's deviation from its statistical average. Commodity Channel Index is at -77.4, 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 showing Neutral signal, with value at 41.2.

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 at 13.7, indicating Neutral action.

Moving Average (MA) in simple term is just average of any subset of numbers. For example, 50 Days simple moving average is calculated at any point in chart by summing past 50 days of price and then dividing it by 50.

200 days Exponential Moving Average is indicating Sell action with value at 7508.4, Bitcoin is trading below it at $6469.64. 9 days Hull Moving Average is at 6305.5, showing Buy signal, Bitcoin is trading below it at $6469.64. 30 days Simple Moving Average is indicating Sell action with value at 6638.9, Bitcoin is trading below it at $6469.64.

100 days Exponential Moving Average is at 7097, showing Sell signal, Bitcoin is trading below it at $6469.64. 100 days Simple Moving Average is indicating Sell action with value at 6861.6, Bitcoin is trading below it at $6469.64. 10 days Simple Moving Average is at 6919.7, showing Sell signal, Bitcoin is trading below it at $6469.64.

10 days Exponential Moving Average is indicating Sell action with value at 6764.1, Bitcoin is trading below it at $6469.64. 20 days Volume Weighted Moving Average is at 6772.8, showing Sell signal, Bitcoin is trading below it at $6469.64. 20 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6469.64, below MAs value of 6799.3.

50 days Simple Moving Average is indicating Sell action with value at 6996.5, Bitcoin is trading below it at $6469.64. 20 days Exponential Moving Average is at 6796.4, showing Sell signal, Bitcoin is trading below it at $6469.64. 200 days Simple Moving Average is indicating Sell action with value at 7736.9, Bitcoin is trading below it at $6469.64.

Also Read: Best Bitcoin Cloud Mining Platforms of 2018

30 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6469.64, below MAs value of 6809. 50 days Exponential Moving Average is at 6855.7, showing Sell signal, Bitcoin is trading below it at $6469.64. 9 days Ichimoku Cloud Base Line is indicating Neutral action with value at 6643.9, Bitcoin is trading below it at $6469.64.

Other Technical Price Analysis for today:

Ethereum (ETH/USD) Price Prediction via Technical Analysis for 08 September 2018

NEO (NEO/USD) Price Prediction via Technical Analysis for 08 September 2018

DigitalCash (DASH/USD) Price Prediction via Technical Analysis for 08 September 2018

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