BTC/USD Daily Chart
- BTC/USD went down from $5,158 to $5,133 this Monday.
- The price is trending below the 20-day simple moving average (SMA 20) curve while it is still above the SMA 50 and SMA 200 curves.
- The market broke below the support provided by the upward trending line.
- The price is currently consolidating in a flag formation.
- Critical support lies at $5,040.
- The signal line is diverging away from the moving average convergence divergence (MACD) line showing increasing bearish momentum.
BTC/USD 4-Hour Chart
- The 4-hour chart shows that the price is trending horizontally.
- BTC/USD has broken below the green cloud of the Ichimoku indicator, which is a bearish sign.
- The relative strength index (RSI) indicator is currently trending at 39.
BTC/USD Hourly Chart
- The hourly BTC/USD shows decreasing market volatility as per the 20-day Bollinger band.
- The SMA 50 has crossed over the SMA 20 curve which is a bearish sign.
- The Elliot wave oscillator shows three consecutive bearish sessions.
- The short-term sentiment of the market looks bearish.
Key Levels