$BTC Trading Signals
Confidence 95.40%
Bullish reversal pattern formed over three candles indicating a potential bottom and shift from bearish to bulish sentiment.
The current BTC price is $93772.26 with both the moving average and the exponential moving average showing an upward trend indicating a positive trend. The increase in MACD and the rise in ADX suggest a strengthening of the trend. Future rises in RSI and the stochastic oscillator indicate additional upward potential but the MFI at 75.67 is close to the overbought zone indicating the possibility of a correction. Therefore while the upward trend is likely the possibility of a correction should also be considered.