Analysis of BTC/USD for 1h
2/1/2025
Analysis of BTC/USD
Based on the provided data for the BTC/USD pair on February 1st, 2025, we can observe the following:1. **Price Movement**:
- The price of Bitcoin against the US Dollar opened at $102,147 and closed at $101,996.59.
- Throughout the day, the price fluctuated between a low of $101,813.17 and a high of $102,259.71.
2. **Technical Indicators**:
- The Relative Strength Index (RSI) values ranged from 35.22 to 39.90, indicating a slightly bearish sentiment.
- The Moving Average Convergence Divergence (MACD) histogram showed negative values, suggesting a bearish trend.
- The Moving Averages (SMA, EMA, WMA) were above the closing price, indicating a downward trend.
3. **Overall Analysis**:
- The price closed lower than it opened, indicating a bearish sentiment for the day.
- The technical indicators, such as RSI and MACD, also support the bearish outlook.
- The Moving Averages further confirm the downward trend in the price of BTC/USD.
In conclusion, based on the data provided, the BTC/USD pair on February 1st, 2025, exhibited a bearish trend with the price closing lower and technical indicators pointing towards further downward movement.
MACD of BTC/USD
This is not investment advice. Remember to verify the information provided here.
Get access to the full analysis
- Over 35 000 indexes
- CFD, Forex, Crypto and Stocks Exchange
- Over 150 Indicators
- Pattern and candle analysis
- Support and resistance levels
- Fundamental, technical and sentimental analysis
- Power from AI
