Bitcoin daily market read

Bitcoin on 2026-05-16

Bitcoin currently appears bearish because the statistical score is -3. 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 -3

BTC close $78,131.44 -1.18% vs previous day

Daily range $77,630.73 - $79,173.50 Open $79,066.00

Volatility Normal Volume 25,895,799,905

Technical details

SMA 20 79,304.30

SMA 50 75,193.79

SMA 100 72,063.44

SMA 200 81,752.67

EMA 12 79,697.52

EMA 26 78,541.27

RSI 14 48.14

MACD 1,156.26

MACD signal 1,596.14

MACD histogram -439.88

Bollinger upper 82,951.57

Bollinger middle 79,304.30

Bollinger lower 75,657.04

ATR 14 2,022.46

Volume SMA 20 33,783,479,720.15

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.