Bitcoin (BTC) Bulls Get Upper Hand - Bitcoin Price Analysis - 8 Oct 2018

Oct 08 2018

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

After Price Change
1 day $6,690.7053 0.76%
1 week $6,715.7316 1.13%
1 month $6,627.2085 -0.20%
6 months $7,211.8030 8.60%
1 year $9,500.0461 43.06%
5 years $24,143.8727 263.58%

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-based technical trading tool used to determine when a market is overbought or oversold. Commodity Channel Index is showing Neutral signal, with value at 66.1.

Relative Strength Index (RSI) is an important indicator that measures speed and change of price movements. Its value ranges between zero and 100. Value around 30 and below is considered oversold region and around 70 and above considered overbought regions. Relative Strength Index is at 53.7, indicating Neutral action.

The Stochastic Oscillator is a range bound momentum oscillator. Stochastic oscillator is showing Neutral signal, with value at 59.3.

10 days Simple Moving Average is at 6595.3, showing Buy signal, Bitcoin is trading below it at $6640.51. 30 days Exponential Moving Average is indicating Buy since Bitcoin is trading at $6640.51, below MAs value of 6595.3. 200 days Simple Moving Average is indicating Sell action with value at 7270, Bitcoin is trading below it at $6640.51.

20 days Simple Moving Average is at 6592.5, showing Buy signal, Bitcoin is trading below it at $6640.51. 50 days Exponential Moving Average is at 6638.2, showing Buy signal, Bitcoin is trading below it at $6640.51. 9 days Ichimoku Cloud Base Line is indicating Neutral action with value at 6470.5, Bitcoin is trading below it at $6640.51.

30 days Simple Moving Average is indicating Buy action with value at 6519.9, Bitcoin is trading below it at $6640.51. 100 days Simple Moving Average is indicating Sell action with value at 6784.7, Bitcoin is trading below it at $6640.51. 20 days Volume Weighted Moving Average is indicating Buy action with value at 6590.4, Bitcoin is trading below it at $6640.51.

100 days Exponential Moving Average is at 6840.6, showing Sell signal, Bitcoin is trading below it at $6640.51. 20 days Exponential Moving Average is indicating Buy since Bitcoin is trading at $6640.51, below MAs value of 6589. 10 days Exponential Moving Average is at 6603, showing Buy signal, Bitcoin is trading below it at $6640.51.

Also Read: Top 10 Best Bitcoin Payment Gateways of 2018

9 days Hull Moving Average is indicating Buy action with value at 6641, Bitcoin is trading below it at $6640.51. 200 days Exponential Moving Average is indicating Sell action with value at 7252.3, Bitcoin is trading below it at $6640.51. 50 days Simple Moving Average is at 6626.2, showing Buy signal, Bitcoin is trading below it at $6640.51.

Other Technical Price Analysis for today:

Bitcoin Cash (BCH) Breaks and Gears Continue With Speculations for $525 - Bitcoin Cash Price Analysis - 8 Oct 2018

Ripple (XRP) Bulls Lose Their Grip with Under $0.5000 - Ripple Price Analysis - 8 Oct 2018

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