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Crypto Trend Analysis Report

Prepared for you on Tuesday, April 23, 2024.

Bitcoin (CRYPTO:BTCUSD)

Bull Market Weakness (+75) - BTCUSD is showing signs of short-term weakness, but still remains in the confines of a long-term uptrend. Keep an eye on BTCUSD as it may be in the beginning stages of a reversal.

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.

CRYPTO_BTCUSD
Open High Low BTCUSD Price Change
66485.505 67157.475 67157.475 66706.650 +221.145
Entry Signal

MarketClub’s Trade Triangles for BTCUSD

long term up The long-term trend has been UP since Jan 17th, 2023 at 21470.58

intermediate term down The intermediate-term trend has been DOWN since Apr 14th, 2024 at 66839.19

short term up The short-term trend has been UP since Apr 19th, 2024 at 64451.83

Smart Scan Analysis for BTCUSD

Based on our trend formula, BTCUSD is rated as a +75 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).

+75
Smart Scan Analysis for BTCUSD
Strong Downtrend Sideways Strong Uptrend
Open High Low Price Change
66485.505 67157.475 67157.475 66706.650 +221.145
Prev. Close Volume Bid Ask Time
66485.505 2024-04-23 20:55:14
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