According to the analysis of Chayanika Deka, BTC's one-day chart exhibited a downtrend from $6,451 to $5,309, along with a small uptrend from $4,194 to $5,104. The supports for the crypto-asset were found at $4,036, $3,789 and $3,469, while the immediate resistances were found at $5,654 and $6,467.
Bollinger Bands: The diverging bands of the indicator predicted increasing volatility for the gold crypto's price.
Awesome Oscillator: The closing bars of the indicator were red and continued to draw a bearish picture for the coin.
Chaikin Money Flow: The CMF was above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price pattern for BTC was predicted.