9 November

Bitcoin price today is $35,770.05 rising 1.40%.

BTCUSD tries to continue bullish in yesterday's market. The price formed a bull candle with a small shadow at the bottom and top candle. Despite the prices forming a bull candle but still has not yet broken the high of 35949. However, some analysts believe BTCUSD could reach 40k in less than a year.

In the daily timeframe, we can see two candle-formed bulls with small bodies. The last candle formed lower high and higher high indicating sentiment buy tries to dominate in the market. The Bollinger band still draws a wide range in this timeframe, meanwhile, the MA 50 draws an ascending line far below the prices indicating an uptrend market. And the RSI level is 77 which means the prices are above the uptrend zone level.

In the H1 timeframe, we can see BTCUSD tries to cross the upper band line. Here the Bollinger band tries to expand indicating the market's increasing volatility. The MA 50 is flat indicating a sideways market and the RSI level is 66 which means the prices are above the uptrend zone level.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 24877.1
S1: 26490.8
R1: 35909.7
R2: 35909.7
R3: 35909.7

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto is only available for professional clients based on FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

13 November

Bitcoin price today is $36,990.67 dropping 0.14%.

BTCUSD reached a high of 37923 on 9 November and consolidated afterward near the upper band line.

In the daily timeframe, we can see the prices move near the upper band line. And here the Bollinger band lines narrowed indicating the market decreased volatility. However, the middle band and the MA 50 still draw ascending lines indicating an uptrend market. And here the RSI indicator shows 80 which means the prices entering the overbought zone level.

In the H1 timeframe, the Bollinger band squeeze indicates the market is flat or sideways waiting for a breakout. The BTCUSD prices still traded near 37051. The MA 50 also flat indicating sideways. And the RSI level 47 which means the prices are below the downtrend zone level.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 24877.1
S1: 26490.8
R1: 37929
R2: 37929
R3: 37929

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In the UK and Australia CFD crypto is only available for professional clients based on FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

15 November

Bitcoin price today is $35,582.45 dropping 2,40%.

Bitcoin/USD in yesterday's market eventually formed a bearish candle and entered the range of 35k level prices.

In the daily timeframe, we can see the BTCUSD prices now moved near the middle band line, here the bands work as the first support zone level in the uptrend market. Here we can see the Bollinger band narrowed indicating the market decreased volatility, despite the MA 50 still drawing the ascending line. On the other hand, the RSI level 61 indicates the prices are still above the uptrend zone level but the line draws descending.

In the H1 timeframe, we can see BTCUSD now moves near the lower band line. The price breakout at zone level 36297 and brought the price dropped low 35316. Here we can see the Bollinger band expands indicating the market in high volatility, and the RSI level 34 indicates the prices below the downtrend zone level and are away from the oversold zone level.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 25954.7
S1: 26768.2
R1: 37929
R2: 37929
R3: 37929

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto only available for professional clients based FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

17 November

Bitcoin price today is $36,251.15 down 3.61%.

BTCUSD yesterday formed a bearish candle after reaching a high of 37959, the price then fell to a low level of 35699 and tried to rise again to the price at the time of writing 35251.

On the daily timeframe, the BTCUSD price is near the middle band line and here the Bollinger band indicator appears to be narrowing, indicating a decrease in volatility. Even though the MA 50 line forms an ascending channel, the RSI shows level 59, which means the price is above the uptrend level even though the RSI forms a descending channel.

In the H1 timeframe, the BTCUSD price is currently below the MA 50 line and here the Bollinger band widens and forms a descending channel, while the RSI indicator shows level 39 with a downward channel, which means the price is below the downtrend level but is trying to form an ascending pattern.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 25954.7
S1: 28042.1
R1: 37929
R2: 37929
R3: 37929

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto is only available for professional clients based on FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money

21 November

Bitcoin price today is $37,557.77 rise 1.31%

BTCUSD in yesterday market formed a bulls candle with a long tail at the bottom of the candle. Even though it is in an uptrend, BTCUSD is still moving in the 35k-37k range, but it is possible for the price to reach 40k in the future.

On the daily timeframe, BTCUSD moves near the upper band above the middle band. Here the Bollinger band narrows indicating decreasing volatility. Meanwhile, the 50 MA is still rising, giving an uptrend signal. And the RSI indicator is at level 64, which means the price is above the uptrend level.

In the H1 timeframe, BTCUSD moves between the middle band and the upper band, here the Bollinger band is in a narrow range, an indication of weak volatility. Meanwhile, the MA 50 rises to become dynamic support during an uptrend. Meanwhile, the RSI is at level 57, which means the price is in an upward trend.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 25954.7
S1: 29599.8
R1: 37929
R2: 37929
R3: 37929

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto only available for professional clients based FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

27 November

Bitcoin price today is $37,501.60 dropping 0.72%.

BTCUSD tends to move flat today, the price is below the upper band line above the middle band. Here you can see the Bollinger band narrowing to form a Bollinger band squeeze, an indication of weak volatility. MA 50 is far below the price, still forming an upward channel, while the RSI is at level 52, meaning the price is above the upper band level.

In the H1 timeframe, BTCUSD is currently moving below the middle band line above the lower band line. There is a slight increase in volatility in this timeframe. However, MA 50 is flat, indicating a sideways market, and RSI level 47 means the price is below the downtrend level.



FXOpen Ticktrader Chart

SnR

S3: 24752.3
S2: 26245.9
S1: 33891.5
R1: 38376.1
R2: 38376.1
R3: 38376.1

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In the UK and Australia CFD crypto is only available for professional clients based on FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

29 November

Bitcoin price today is $37,809.30 rise 1.43%

BTCUSD is still moving in the 37k price range, although yesterday the price formed a bullish candle but there were long tails on the top and bottom of the candle.

On the daily timeframe, BTCUSD is currently moving near the upper band line above the middle band. It appears that the Bollinger bands are narrowing, which means there is a decrease in market volatility. MA 50 is still far below the price and forms an upward channel indicating an uptrend. Meanwhile, the RSI is at level 57, meaning the price is above the uptrend level.

In the H1 timeframe, BTCUSD saw the price forming an upward wave followed by a rebound and there was an increase in volatility seen from the widening Bollinger band. The 50 MA below the price forms a flat channel, indicating a trend transition to bullish. And RSI 59 means above the uptrend level.



FXOpen Ticktrade Chart

SnR

S3: 24752.3
S2: 26490.8
S1: 33898.4
R1: 38376.1
R2: 38376.1
R3: 38376.1

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto only available for professional clients based FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.

1 December 2023

Bitcoin price today is $37,659.52 fell 0.40%

BTCUSD is still trading in the trading range of 37k, yesterday BTCUSD formed a small bulls candle with a long wick on the top candle.

On the daily time frame, the BTCUSD price moves near the upper band line, and there is a narrowing of the Bollinger band line, which means there is a decrease in market volatility. MA 50 is far below the price forming an upward channel indicating an upward trend, RSI at level 61 means the price is above the uptrend level.

In the H1 timeframe, BTCUSD moves sideways with price movements in the trading range of 37k, a Bollinger band squeeze is formed in this timeframe, an indication of weak volatility, the MA 50 above the price forms a flat channel, an indication of a sideways market. RSI level 48 means the price is below the downtrend level.



Chart Ticktrader FXOpen

SnR

S3: 24752.3
S2: 26490.8
S1: 33994.7
R1: 38402.5
R2: 38402.5
R3: 38402.5

FXOpen is a CFD broker that offers crypto accounts 43 pairs with BTC, BCH, EOS, Ripple, Monero, LTC, etc.

In UK and Australia CFD crypto only available for professional clients based FCA and ASIC rules

Disclaimer: CFDs are complex instruments and come with a high risk of losing your money.