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Crypto Trend Analysis Report
Prepared for you on Wednesday, February 5, 2025.
Bitcoin (CRYPTO:BTCUSD)
Sidelines Mode (+55) - BTCUSD is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid BTCUSD?
MarketClub looks at technical strength and momentum to determine if the timing is right for BTCUSD.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for BTCUSD
The long-term trend has been UP since Oct 28th, 2024 at 69979.085
The intermediate-term trend has been UP since Jan 17th, 2025 at 102679.365
The short-term trend has been DOWN since Feb 1st, 2025 at 105104.350
Smart Scan Analysis for BTCUSD
Based on our trend formula, BTCUSD is rated as a +55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 98074.995 | 99089.230 | 99089.230 | 98165.080 | +90.085 |
| Prev. Close | Volume | Bid | Ask | Time |
| 98074.995 | 2025-02-05 11:55:37 |