Dotbee.ai

Analysis of BTC/USD for 1h

2/4/2025

Analysis of BTC/USD for 1h

Analysis of BTC/USD

Based on the provided data for the BTC/USD pair on February 4th, 2025, we can observe the following:

1. Price Movement:
- The price of Bitcoin against the US Dollar fluctuated throughout the day, with the price closing at $99,106.87.
- The price opened at $99,460.67, reached a high of $100,860.82, and a low of $98,327.80 during the day.

2. Technical Indicators:
- The Relative Strength Index (RSI) values ranged from 45.63 to 55.42, indicating a neutral to slightly bullish sentiment in the market.
- The Moving Average Convergence Divergence (MACD) histogram showed fluctuations around the zero line, suggesting indecision in the market momentum.

3. Moving Averages:
- The Simple Moving Average (SMA), Exponential Moving Average (EMA), and Weighted Moving Average (WMA) values were relatively close to each other, indicating a stable trend.

4. Overall Analysis:
- The market for BTC/USD on February 4th, 2025, appeared to be consolidating with no clear trend direction.
- Traders and investors may have been cautious due to the lack of significant price movements and mixed signals from technical indicators.

In conclusion, the BTC/USD market on this day seemed to be in a consolidation phase, with traders monitoring key levels for potential breakout or reversal signals.

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
Web versionApp StoreGoogle Play

Contacts

Telephone number

+48 32 700 81 66

Email address

[email protected]

Company information

Honey Payment Group S.A. at Al. Aleje Jerozolimskie 65 / 79, 00-697 Warsaw, Poland, Register number KRS 0000335507, NIP 5252859204, REGON 388760204. Honey Payment Group is listed on the Warsaw Stock Exchange (WSE) under the ticker symbol HPG. Link