ICP BTC Internet Computer Technical Analysis

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By Frans van Elst

Internet Computer logo In this Internet Computer technical analysis, we will examine the current price action, trading volume, key levels and indicators for ICP-BTC. Internet Computer (ICP) is a decentralized blockchain network that enables the creation of a new generation of applications and services. It utilizes a novel consensus algorithm called “NNS” (Neural Network Synthesis), which allows for faster and more secure transactions. With ICP, developers can build and deploy applications without worrying about the limitations of traditional computing infrastructure.

Internet Computer Price Overview:

As of June 06, 2024, Internet Computer is trading at approximately 0.00017 BTC. Let’s dive into the detailed price action for ICP-BTC:

Envision bearish outlook for Internet Computer (ICPBTC) at 1.71e-04 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Metric Value
Open (O) 0.00017
High (H) 0.00017
Low (L) 0.00017
Close (C) 0.00017
Volume (C) 7,491.11
  • Open (O): The opening price for today’s trading session was approximately 0.00017 BTC.
  • High (H): Internet Computer reached a daily high of around 0.00017 BTC.
  • Low (L): The daily low for ICP-BTC was approximately 0.00017 BTC.
  • Close (C): At the time of analysis, Internet Computer is trading near its daily close of 0.00017 BTC.
Metric Value
1D Change (%) -1.56%
3D Change (%) -1.78%
7D Change (%) -2.40%
30D Change (%) -14.03%
90D Change (%) -20.47%
YTD Change (%) -45.76%

Over the past three days, ICPBTC has dropped by approximately -1.78%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -2.40%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ICPBTC maintaining a downward trend of approximately -14.03%, despite intermittent fluctuations. Examining the last 90 days, ICPBTC has witnessed substantial drop of approximately -20.47%, reflecting strong long-term confidence. Year-to-date, ICPBTC has steadily declined by around -45.76%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.

Internet Computer Live Chart:

You can access a live price chart for ICP-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.

Price Volatility and Momentum:

  • Volatility score is 0.28827.
  • Momentum score is -0.08414.

ICP BTC Technical Analysis

Internet Computer Trading Volume:

The trading volume for Internet Computer (ICP) over the past 24 hours has been insignificant, with approximately 7,491.11 BTC traded against ICP. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.

Moving Averages:

  • 50-day Simple Moving Average (SMA): ICP is currently trading below the 50-day SMA, indicating short-term bearish momentum.
  • 200-day Simple Moving Average (SMA): Internet Computer is also trading below the 200-day SMA, indicating a negative long-term outlook.

Relative Strength Index (RSI):

  • The RSI30 for ICP-BTC is currently in the low zone, around 39.7494. This suggests that Internet Computer is in bearish territory.

Analysis from TradingView:

Our Key Takeaways:

Internet Computer (ICP-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and insignificant trading volume are low signals for potential downward movement.

Envision bearish outlook for Internet Computer (ICPBTC) at 1.71e-04 BTC with weakened support and cautionary indicators, revealed in technical analysis.

Take the next step in your exploration by delving into our detailed insights on ICP USDT Internet Computer Technical Analysis; it’s a natural follow-up if you enjoyed this post.

Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.

Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.

Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.

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