The cryptocurrency market stagnated for the past few days, and this trend differs only for a few coins. Bitcoin [BTC], the largest cryptocurrency, registered a bearish trend in the market after touching the $4k mark.
At press time, BTC was valued at $3,863.85 with a market cap of $67.8 billion. The 24-hour trading volume of the coin was reported to be $7.7 billion, while BTC observed minimal growth of 0.14% over the past day. The coin plunged by 3.05% over the past week, but reported a meager rise of 0.07% over the past hour.
Bollinger Bands were converged, which indicated low volatility in the market. The moving average line was observed to be over the candlesticks, marking a bearish market.
Awesome Oscillator pointed towards a weakened bearish momentum.
Chaikin Money Flow marked a bullish market as the marker was just above the zero line.
Parabolic SAR noted a bearish reign for the coin as the indicators aligned themselves above the candles.
MACD line was under the signal line, pointing towards a bearish market.
Relative Strength Index indicated that the buying and the selling pressures evened each other out.