Add as a preferred source on GoogleBitcoin Snapshot Shows Price Below Bollinger Band as Stochastic Readings Fall Below 20
The lower band was $77,617.26, while Stochastic %K and %D were 12.43 and 9.95. The relative strength index was 34.49, above the conventional 30 oversold threshold.
A Saturday technical snapshot placed Bitcoin (BTC) below its daily lower Bollinger Band, with stochastic readings below 20 pointing to weak momentum but not confirming a reversal.
In a separate live market quote, Bitcoin was at $77,326, down 1.33% over 24 hours, as of 3:13 a.m. ET (07:13 UTC) Saturday.
The technical snapshot set the lower Bollinger Band at $77,617.26 and the 20-day middle band at $81,101.68. Stochastic %K was 12.43 and %D was 9.95, both below 20. The relative strength index (RSI) was 34.49, above the conventional 30 threshold for oversold conditions.
BTC was below its seven-day, 20-day and 50-day simple moving averages, which ranged from $79,330 to $81,956. The snapshot listed $76,259.29 as immediate support, $75,126.86 as the next downside reference and $78,590.83 as resistance.
Stochastic readings describe recent momentum and can remain low during a sustained downturn. They do not establish that a decline has ended.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.