The price has risen to 545th this week at EUR 30.00 (USD 609.10 USD), but has fallen thereafter and currently stands at 525. 68 EUR (587. 19 USD).
Summary: After exceeding the EMA100, BTC price rose dramatically from 519. 82 EUR (580. 64 USD) to 545. 30 EUR (609. 10 USD).
- Since then, the course has fallen - easily but continuously.
- At 525. 68 EUR (587. 19 USD), the price is again below the EMA100.
The MACD (second panel from the top) is currently negative. The MACD line (blue) is also under the signal (orange) - which are both bearish signs and show that the downtrend is not yet at an end.The RSI (third panel from the top) is in the uniquely bearish area at 42, confirming the image described by the MACD.
The Accumulation / Distribution Chart (lower panel) also confirms this picture: The Accumulation / Distribution Chart has fallen since 8 August. Interesting - whether it is a gleam of hope or the proverbial swallow without summer is still to be seen.
Well, everything looks more bearish right now. I've chosen a slightly larger section. The next really big support is, of course, the Uptrend, which BTC has taken since the end of last year - but one of them is miles away. I reckon now with a further negative course correction, as it will continue to show. A brief review on Fibonacci retracement suggests a first, weak support at 520. 75 EUR (581. 34 USD). Should the course bounce there, this could be a sign of a positive course development.Disclaimer: The price estimates presented on this page do not constitute a recommendation to buy or sell. They are merely an estimate of the analyst.
Image Base of data from cex. Io