BITCOIN - BTC/USDT

152.54 USDT (-2.09%)

03/28/2025 - 19:59 Closed Real time data - CoinMarketCap

Open:	155.70
Change:	-3.26
Volume:	33,037

Low:	151.63
High:	155.70
High / Low range:	4.07

Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Daily - Technical analysis published on 09/07/2024 (GMT)

178
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09/07/2024 - 14:08
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Londinia

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Timeframe : Daily
- Analysis generated on 09/07/2024 - 14:08
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bearish

Underlying: Strongly bearish

Technical indicators

22%

56%

22%

My opinion

Bearish under 55,861.78 USDT

My targets

50,745.69 USDT (-7.11%)

47,337.43 USDT (-13.34%)

My analysis

BITCOIN - BTC/USDT is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below 55,861.78 USDT. The next support located at 50,745.69 USDT is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 47,337.43 USDT. Below this support, sellers could then target 25,005.74 USDT. With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.

Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.

Force

7.1

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Mayvenate. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT price is 54,627.07 USDT. The price registered an increase of +1.23% on the session and was between 53,749.83 USDT and 54,661.99 USDT. This implies that the price is at +1.63% from its lowest and at -0.06% from its highest.

53,749.83

54,661.99

54,627.07

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows an item:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bearish. 92.86% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, of the 18 technical indicators analysed by Central Analyzer, 4 are bullish, 4 are neutral and 10 are bearish. Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is oversold : under -100

Type : Neutral

Timeframe : Daily

Williams %R indicator is oversold : under -80

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is under support 1

Type : Neutral

Timeframe : Weekly

Price is back over the pivot point

Type : Bullish

Timeframe : Daily

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : Daily

Horizontal support is broken

Type : Bearish

Timeframe : Daily

The presence of these bullish Japanese candlestick patterns detected by Central Candlesticks that could cause a very short term rebound were also noted:

Bullish harami

Type : Bullish

Timeframe : Daily

Bullish harami cross

Type : Bullish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	47,337.43	50,745.69	54,003.43	54,627.07	55,861.78	58,353.77	64,141.55
Change (%)	-13.34%	-7.11%	-1.14%	-	+2.26%	+6.82%	+17.42%
Change	-7,289.64	-3,881.38	-623.64	-	+1,234.71	+3,726.70	+9,514.48
Level	Minor	Minor	Intermediate	-	Major	Minor	Intermediate

Attention could also be paid to pivot points to set price objectives:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47,636.31	50,115.09	52,038.47	54,517.25	56,440.63	58,919.41	60,842.79
Camarilla	52,751.25	53,154.78	53,558.31	53,961.84	54,365.37	54,768.90	55,172.43
Woodie	47,358.60	49,976.24	51,760.76	54,378.40	56,162.92	58,780.56	60,565.08
Fibonacci	50,115.09	51,796.72	52,835.63	54,517.25	56,198.88	57,237.79	58,919.41

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	48,966.66	53,372.50	56,172.28	60,578.12	63,377.90	67,783.74	70,583.52
Camarilla	56,990.52	57,651.03	58,311.55	58,972.06	59,632.58	60,293.09	60,953.61
Woodie	48,163.63	52,970.99	55,369.25	60,176.61	62,574.87	67,382.23	69,780.49
Fibonacci	53,372.50	56,125.05	57,825.57	60,578.12	63,330.67	65,031.19	67,783.74

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	34,445.47	42,022.48	50,497.27	58,074.28	66,549.07	74,126.08	82,600.87
Camarilla	54,557.82	56,029.23	57,500.65	58,972.06	60,443.48	61,914.89	63,386.31
Woodie	34,894.36	42,246.93	50,946.16	58,298.73	66,997.96	74,350.53	83,049.76
Fibonacci	42,022.48	48,154.27	51,942.49	58,074.28	64,206.07	67,994.29	74,126.08

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	36.82
MACD (12,26,9):	-1,435.9700
Directional Movement:	-18.26
AROON (14):	-85.72
DEMA (21):	56,748.50
Parabolic SAR (0,02-0,02-0,2):	62,029.85
Elder Ray (13):	-3,380.43
Super Trend (3,10):	61,466.34
Zig ZAG (10):	54,532.97
VORTEX (21):	0.9000
Stochastique (14,3,5):	10.75
TEMA (21):	55,906.07
Williams %R (14):	-84.21
Chande Momentum Oscillator (20):	-8,277.51
Repulse (5,40,3):	-3.5100
ROCnROLL:	2
TRIX (15,9):	-0.1900
Courbe Coppock:	16.01

MA7:	56,666.25
MA20:	59,385.77
MA50:	61,106.22
MA100:	62,460.80
MAexp7:	56,392.55
MAexp20:	58,390.36
MAexp50:	60,130.51
MAexp100:	61,144.36
Price / MA7:	-3.60%
Price / MA20:	-8.01%
Price / MA50:	-10.60%
Price / MA100:	-12.54%
Price / MAexp7:	-3.13%
Price / MAexp20:	-6.45%
Price / MAexp50:	-9.15%
Price / MAexp100:	-10.66%

Quotes : 09/07/2024 - 14:08 - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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