1-hour:
The 1-hour outlook for Bitcoin shows that there is a downtrend from $6,660 – $6,420, with a contrasting uptrend from $6,410 – $6,390. The resistance level is set at $6,480, with a support at $6,365.
The RSI is tending towards the overbought zone, denoting buying pressure in the market.
The Klinger Volume Oscillator is demonstrating a bullish crossover, with a potential price movement in the near future.
The Parabolic SAR is bearish, as seen by the presence of the dots below the candlesticks.
1-day:
The downtrend from May, and by extension January, is still in power, shown by the price movement from $9,800 – $6,426. A short support uptrend is seen from $6,185 – $6,405, with resistance levels set at $7,360 and $8,385. Similarly, the price finds support at $6,130 and $5,850.
The MACD is demonstrating a bullish crossover recently.
The Awesome Oscillator is also bullish, as seen by the presence of green lines.
Conclusion
The price of Bitcoin seems to be constrained between a very tightly define space. A hike can be seen only when investor sentiment overflows and buying pressure enters the market.
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