Baxia Markets
June 29, 2021

Bitcoin is up 10.95 % in the last 4 trading sessions

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The Bollinger bands are wide, and the price trades in the middle of the bands, it's possible to see higher volatility in the upcoming trading sessions.

The relative strength index is at 48%, the highest level in more than ten days; the pair seems to start its recovery; at this point, the conditions are set for the price to start a slow rally. If the price can reach and break the $38,065 support level, it could continue climbing. The general trend continues to be downwards. Still, the short and long-term moving averages are very close to crossing. If there is a crossing in the short term, the cryptocurrency might change its overall trend in the mid-term.


Bitcoin June 28th 2021

The parabolic SAR indicator still suggests that the downward trend will continue. It would take a few more winning sessions for the SAR to change its signal to an uptrend as it is a lagging indicator.


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