Bitcoin’s 50-Day, 200-Day Simple Moving Averages and 14-Day Relative Strenght Index – RSI (14)
Bitcoin is currently trading below the 200-day simple moving average (SMA). The 200-day SMA has been signaling SELL for the last 311 days, since Dec 31, 2021.
The price of Bitcoin is currently below the 50-day SMA and this indicator has been signaling SELL for the last 14 days, since Oct 25, 2022.
The most recent Death Cross in the Bitcoin market happened 298 days ago, on Jan 14, 2022. Meanwhile, a Golden Cross last occurred on Sep 15, 2021, which was 419 days ago.
Based on our technical indicators, Bitcoin’s 200-day SMA will drop in the next month and will hit $ 21,772 by Dec 08, 2022. Bitcoin’s short-term 50-Day SMA is estimated to hit $ 20,408 by Dec 08, 2022.
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 54.92, which indicates that the BTC market is in a neutral position.