Bitcoin (BTC) price review: bulls are taking back control

Bitcoin, $BTC, has posted some gains in today's session, as seen from the price movements. Looking at an in-depth analysis, we see that the Bitcoin price is trading below the 50, 100, and 200-SMA, indicating bearish momentum.

The bulls are taking back control in today’s session, as seen from the increase in the global market cap. The total cap stood at $2.94T at press time, representing a 2.65% increase over the last 24 hours, while the trading volume dropped by 22.47% over the same period to stand at $144.16B as of press time.

Bitcoin, $BTC, has posted some gains in today’s session, as seen from the price movements.

Still, looking at an in-depth analysis, we see that the Bitcoin price is trading below the 50, 100, and 200-SMA, indicating bearish momentum. The 200-SMA (blue line) at $98,291.27 is acting as long-term resistance.

On the other hand, we see that the ADX is at 46.79, showing a strong trend, likely favoring the downside. Bitcoin traded at $89,105 at press time, representing a 1.36% increase over the last 24 hours.

Ethereum, $ETH, is also among the gainers in today’s session as seen from its price movements.

Looking at an in-depth analysis, we see that ETH is near the lower Bollinger Band, suggesting an oversold condition. A mean reversion toward the middle band ($2,607) is possible.

On the other hand, we see that the RSI is at 38.89, slightly below the neutral 50 level, suggesting weak momentum. Ethereum traded at $2,485 at press time, representing a 4.54% increase over the last 24 hours.

Story, $IP, is also among the gainers in today’s session as also seen from its price movements.

Looking at an in-depth analysis, we see that the Story price is above the Ichimoku Cloud, confirming strong bullish sentiment. The conversion (blue) and baseline (red) lines are sloping upward.

On the other hand, looking at the Volume Oscillator, we see increasing buying volume supports the bullish momentum. Story traded at $6.54 at press time, representing a 36.14% increase over the last 24 hours.

Celestia, $TIA, is also among the gainers in today’s session as also seen from its price movements.

Looking at an in-depth analysis, we see that the moving averages are beginning to open upward, suggesting a potential trend reversal.

On the other hand, we see that the Awesome Oscillator’s histogram is turning green, indicating a shift to bullish momentum. Celestia traded at $3.83 at press time, representing a 24.18% increase over the last 24 hours.

XDC network, $XDC, is also a gainer in today’s session as also seen from its price movements.

Looking at an in-depth analysis, we see that the Supertrend Indicator recently flipped bullish, suggesting an uptrend.

On the other hand, we see that the RSI is at 65.92, nearing overbought conditions but still has room to move higher. XDC network traded at $0.09177 at press time, representing a 25.51% increase over the last 24 hours.