Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Bitcoin Price Forecast Based on Technical Analysis

All Time Hugh Low %.

Bullish 16%

Bearish 84%

Based on data from August 20, 2023 the general Bitcoin price prediction sentiment is bearish , with 5 technical analysis indicators signaling bullish signals, and 27 signaling bearish signals.

Bitcoin's 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index - RSI (14)

Based on our technical indicators, Bitcoin's 200-day SMA will rise in the next month and will hit $ 28,040 by Sep 19, 2023. Bitcoin's short-term 50-Day SMA is estimated to hit $ 29,697 by Sep 19, 2023.

The Relative Strength Index (RSI) momentum oscillator is a popular indicator that signals whether a cryptocurrency is oversold (below 30) or overbought (above 70). Currently, the RSI value is at 18.65, which indicates that the BTC market is in a oversold position. The RSI indicator suggests that the price of BTC will decrease.

Popular BTC Moving Averages and Oscillators for Sun, Aug 20, 2023

Moving averages are a popular indicator in all financial markets. The purpose of a moving average (MA) is to smooth price action over a certain amount of time. Moving averages are a lagging indicator which means they are based on previous price action. In the table below you can find two types of moving averages, simple moving average (SMA) and exponential moving average (EMA).