As per recent news, a new partnership between Cointree, a cryptocurrency platform and Gobbill, a bills payment service has led to the setting up of a system to pay utility bills using Bitcoin payments.

Bitcoin (BTC) Price Predictions / Bitcoin (BTC) Forecast

After Price Change
1 day $6,466.4906 0.28%
1 week $6,471.7039 0.36%
1 month $6,354.9002 -1.45%
6 months $7,048.6948 9.31%
1 year $9,481.2959 47.03%
5 years $23,532.5406 264.93%

We've applied Technical Analysis to the price of Bitcoin (BTC/USD) for today and predict where price is headed.

The Commodity Channel Index (CCI) is a momentum oscillator used in technical analysis to measure an instrument's deviation from its statistical average. Commodity Channel Index is at -25.9, indicating Neutral action.

The Relative Strength Index (RSI) is an important indicator for measuring the speed and variation of price movements. Its value ranges from zero and 100. The value around 30 and below is considered an oversold region and over 70 as oversold regions. Relative Strength Index is indicating Neutral action, with value at 44.3.

BTC Price Analysis

The stochastic oscillator is a momentum indicator that compares the closing price of a security with the price range over a specific period. Stochastic oscillator is indicating Neutral action, with value at 48.9.

20 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6448.57, below MAs value of 6600. 200 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6448.57, below MAs value of 7638.1. 50 days Exponential Moving Average is indicating Sell action with value at 6860.4, Bitcoin is trading below it at $6448.57.

100 days Simple Moving Average is indicating Sell since Bitcoin is trading at $6448.57, below MAs value of 7043.9. 9 days Ichimoku Cloud Base Line is indicating Neutral since Bitcoin is trading at $6448.57, below MAs value of 7086. 30 days Simple Moving Average is at 7057.8, showing Sell signal, Bitcoin is trading below it at $6448.57.

10 days Exponential Moving Average is at 6424.1, showing Buy signal, Bitcoin is trading below it at $6448.57. 30 days Exponential Moving Average is indicating Sell since Bitcoin is trading at $6448.57, below MAs value of 6721.5. 50 days Simple Moving Average is indicating Sell action with value at 6937.7, Bitcoin is trading below it at $6448.57.

Also Read: What is Bitcoin Mining? How to Mine Bitcoin?

10 days Simple Moving Average is at 6349.7, showing Buy signal, Bitcoin is trading below it at $6448.57. 200 days Simple Moving Average is indicating Sell action with value at 7940.6, Bitcoin is trading below it at $6448.57. 20 days Simple Moving Average is indicating Sell action with value at 6567.3, Bitcoin is trading below it at $6448.57.

20 days Volume Weighted Moving Average is indicating Sell action with value at 6491.6, Bitcoin is trading below it at $6448.57. 9 days Hull Moving Average is indicating Buy since Bitcoin is trading at $6448.57, below MAs value of 6419.8. 100 days Exponential Moving Average is at 7203.3, showing Sell signal, Bitcoin is trading below it at $6448.57.

Other Technical Price Analysis for today:

Ethereum (ETH/USD) Price Prediction via Technical Analysis for 21 August 2018

Litecoin (LTC/USD) Price Prediction via Technical Analysis for 21 August 2018

Tron (TRX/USD) Price Prediction via Technical Analysis for 21 August 2018