Bitcoin daily market read

Bitcoin on 2023-05-05

Bitcoin currently appears bearish because the statistical score is -4. The reading combines MACD momentum with RSI, Bollinger Bands and distance from the 50-day average; it suggests a market bias, not a certainty or investment advice.

Signal Bearish Score -4

BTC close $29,534.38 +2.38% vs previous day

Daily range $28,845.51 - $29,668.91 Open $28,851.48

Volatility Normal Volume 17,936,566,518

Technical details

SMA 20 28,783.00

SMA 50 28,523.03

SMA 100 25,799.35

SMA 200 22,003.96

EMA 12 28,905.54

EMA 26 28,701.65

RSI 14 68.93

MACD 203.88

MACD signal 208.39

MACD histogram -4.51

Bollinger upper 30,491.14

Bollinger middle 28,783.00

Bollinger lower 27,074.85

ATR 14 1,025.02

Volume SMA 20 18,389,526,664.00

Bitcoin news feed for this day

No Bitcoin news items are stored locally for this day yet. The RSS daily signal still works from market snapshots.