# Bitcoin Lifts on Ripple News Live Trading News is an independent financial media publication. Masthead: Live Trading News. Parent: Knightsbridge Group. Product cousin: KXCO (kxco.ai). Coverage: markets, policy, AI, quantum, blockchain, FX, biotech, ASEAN. New stories are signed ML-DSA-65 and anchored on Armature L1; articles published before the platform launch are not signed. Nothing on the site is investment advice. Canonical HTML: https://www.livetradingnews.com/bitcoin-lifts-on-ripple-news Last modified: 2023-07-13 --- By Shayne Heffernan ยท 2023-07-13 Tags: Shayne Heffernan on Investments, Bullish, Headline News, shayne heffernan, Shayne Heffernan, Bitcoin, Crypto, Opinion, Shayne Heffernan, crypto, Bitcoin, Todays Trade Ideas, Featured, Must Read, KXCO, Bitcoin Technicals, KXCO Guide Signed: no (published before platform launch). Nothing in this article is investment advice. Bitcoin was lifted by the news on Ripple, but it may not hold gains. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 28 white candles and 22 black candles for a net of 6 white candles. A long lower shadow occurred. This is typically a bullish signal (particularly when it occurs near a low price level, at a support level, or when the security is oversold). https://twitter.com/Livetradingnews/status/1679649614419615745 A spinning top occurred (a spinning top is a candle with a small real body). Spinning tops identify a session in which there is little price action (as defined by the difference between the open and the close). During a rally or near new highs, a spinning top can be a sign that prices are losing momentum and the bulls may be in trouble. ![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg) Stochastic Oscillator One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 67.8437. This is not an overbought or oversold reading. The last signal was a sell 18 period(s) ago. Relative Strength Index (RSI) The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 66.09. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 20 period(s) ago. Commodity Channel Index (CCI) The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 175.This is an overbought reading. However, a signal isn't generated until the indicator crosses below 100. The last signal was a buy 4 period(s) ago. MACD The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 8 period(s) ago. ![](https://livetradingnews-media.nyc3.digitaloceanspaces.com/wp/placeholder.svg) **[Bitcoin Technical Outlook](https://www.xt.com/en/accounts/register?ref=FPG49B)** **Short Term: Neutral** **Intermediate Term: Bullish** **Long Term: Bullish** Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon. Summary **Bitcoin** is currently 22.9% above its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of **Bitcoin** at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on **Bitcoin** and have had this outlook for the last 24 periods. The security price has set a new 14-period high while our momentum oscillator has not. **This is a bearish divergence.** Shayne Heffernan --- This Markdown mirrors https://www.livetradingnews.com/bitcoin-lifts-on-ripple-news. The HTML page is canonical. Site index for AI clients: https://www.livetradingnews.com/llms.txt