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Analysis of BTC/USD for 15min

2/4/2025

Analysis of BTC/USD for 15min

Analysis of BTC/USD

Based on the provided data for the BTC/USD pair on a 15-minute interval on February 4, 2025, we can observe the following:

1. Price Movement:
- The closing prices fluctuated between $96552.86 and $97946.11 during the recorded time intervals.
- The highest price reached was $98290.38, while the lowest was $96145.76.

2. Technical Indicators:
- RSI (Relative Strength Index) values ranged from 29.21 to 46.15, indicating a moderate level of price momentum.
- MACD (Moving Average Convergence Divergence) values were negative throughout the intervals, suggesting a bearish trend.
- Moving Averages (SMA, EMA, WMA) were above the closing prices, indicating a downward trend.

3. Overall Analysis:
- The RSI values suggest that the market was not oversold or overbought, indicating a balanced price movement.
- The negative MACD values and the position of moving averages above the closing prices indicate a bearish trend in the short term.

In conclusion, based on the provided data, the BTC/USD pair showed a bearish trend on February 4, 2025, with moderate price momentum and negative MACD values. Traders and investors should exercise caution and consider further analysis before making trading decisions.

MACD of BTC/USD

This is not investment advice. Remember to verify the information provided here.

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