BTC/USD Fluctuates Near 27370.76
Author: Alina SandersIn terms of technical supports, traders are watching levels including the 26664, 25309, 25094, 23954, 23255, and 21415. On the upside, targets include 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97. The 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and the 200-bar MA (4-hourly). In addition, the 50-bar MA (hourly) is underlining this trend and is below the 100-bar MA (hourly) but above the 200-bar MA (hourly).
On 4-hourly as well as hourly charts, SlowK and MACD indicators suggest bullish activity and are above SlowD and MACDAverage respectively. Therefore, it can be concluded that Bitcoin is currently exhibiting a positive yet volatile trend. As one must always take into account that trading is subject to market risks, it is recommended to proceed cautiously and consult the associated professional advice before investing.