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Crypto Trend Analysis Report
Prepared for you on Saturday, April 20, 2024.
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 Jan 17th, 2023 at 21470.58
The intermediate-term trend has been DOWN since Apr 14th, 2024 at 66839.19
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 -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 63988.535 | 64276.165 | 64276.165 | 63802.935 | -185.600 |
| Prev. Close | Volume | Bid | Ask | Time |
| 63988.535 | 2024-04-20 04:14:35 |