BTCUSD to move sideways(4Hr)! | Bollinger band squeeze

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Market in last 24hrs

• BTCUSD saw an uptrend reaching the high at the upper Bollinger band
  
• Price volatility was high. The market moved ~2.83%, between 11.03k and 10.73k

Today’s Trend analysis

• BTCUSD expected to see a decline and get support form midline followed by consolidation as the price is trading between upper band and mildine recently with Bollinger band squeeze
  
• Price at time of publishing: $10,975
  
• BTC’s market cap: $203 Billion
  
• Oscillator indicators are mostly neutral. RSI at 65
  
• Moving average indicators are indicating an uptrend. Ichimoku Cloud is neutral
  
• Volume indicators observed an increase as the price decreased and increased as the price started to increase
  
  Price expected to see a decline and get support form midline followed by consolidation as the price is trading between upper band and mildine recently with Bollinger band squeeze. Most of the Oscillator indicators are neutral. MACD line moving below the signal line, with the histogram size decreasing in the negative region suggesting bearish bias. RSI at 65, above the midline in the neutral region. CCI at around 96, in the neutral region with an upmove. Another interesting point to notice here is that the volume observed an increase as the price decreased and increased as the price started to increase indicating strengthen selling pressure.
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  The analysis is based on signals from 28 technical indicators, out of which 17 are moving averages and the remaining 11 are oscillators. These indicator values are calculated using 4Hr candles.
  
  DM to get details of the above analysis and list of indicators & their values used to arrive at the above conclusion.
  
  Note: Above analysis would hold true if we do not encounter a sudden jump in trade volume .
  
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  - Mudrex