BITCOIN - BTC/USDT

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
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BITCOIN - BTC/USDT - 1H - Technical analysis published on 11/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

17%

My opinion

Bullish above 97,142.47 USDT

My targets

99,399.80 USDT (+0.92%)

My analysis

BITCOIN - BTC/USDT is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 97,142.47 USDT. The next resistance located at 99,399.80 USDT is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

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 MUHOZA. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 98,493.20 USDT. The price registered an increase of +0.59% on the session and was traded between 96,916.46 USDT and 98,868.92 USDT over the period. The price is currently at +1.63% from its lowest and -0.38% from its highest.

96,916.46

98,868.92

98,493.20

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

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USDT in 1H shows an overall bullish trend. 75.00% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near support of channel

Type : Bullish

Timeframe : 1 hour

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	91,038.51	93,904.03	97,142.47	98,493.20	99,399.80
Change (%)	-7.57%	-4.66%	-1.37%	-	+0.92%
Change	-7,454.69	-4,589.17	-1,350.73	-	+906.60
Level	Intermediate	Minor	Intermediate	-	Intermediate

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	93,436.52	94,588.50	96,249.83	97,401.81	99,063.14	100,215.12	101,876.45
Camarilla	97,137.51	97,395.40	97,653.28	97,911.17	98,169.06	98,426.94	98,684.83
Woodie	93,691.21	94,715.84	96,504.52	97,529.15	99,317.83	100,342.46	102,131.14
Fibonacci	94,588.50	95,663.18	96,327.12	97,401.81	98,476.49	99,140.43	100,215.12

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	80,191.99	84,455.98	91,064.48	95,328.47	101,936.97	106,200.96	112,809.46
Camarilla	94,683.05	95,679.69	96,676.34	97,672.98	98,669.63	99,666.27	100,662.92
Woodie	81,364.25	85,042.11	92,236.74	95,914.60	103,109.23	106,787.09	113,981.72
Fibonacci	84,455.98	88,609.27	91,175.18	95,328.47	99,481.76	102,047.67	106,200.96

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	46,967.17	52,962.74	61,630.58	67,626.15	76,293.99	82,289.56	90,957.40
Camarilla	66,265.97	67,610.12	68,954.26	70,298.41	71,642.56	72,986.70	74,330.85
Woodie	48,303.30	53,630.81	62,966.71	68,294.22	77,630.12	82,957.63	92,293.53
Fibonacci	52,962.74	58,564.17	62,024.73	67,626.15	73,227.58	76,688.14	82,289.56

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):	60.92
MACD (12,26,9):	184.9900
Directional Movement:	9.09
AROON (14):	100.00
DEMA (21):	97,866.05
Parabolic SAR (0,02-0,02-0,2):	96,754.55
Elder Ray (13):	689.70
Super Trend (3,10):	96,805.88
Zig ZAG (10):	98,493.20
VORTEX (21):	1.1300
Stochastique (14,3,5):	88.72
TEMA (21):	98,183.47
Williams %R (14):	-14.04
Chande Momentum Oscillator (20):	1,517.42
Repulse (5,40,3):	0.4100
ROCnROLL:	1
TRIX (15,9):	0.0000
Courbe Coppock:	2.92

MA7:	96,840.26
MA20:	88,952.78
MA50:	75,774.90
MA100:	68,180.97
MAexp7:	98,078.02
MAexp20:	97,719.34
MAexp50:	97,676.62
MAexp100:	97,132.22
Price / MA7:	+1.71%
Price / MA20:	+10.73%
Price / MA50:	+29.98%
Price / MA100:	+44.46%
Price / MAexp7:	+0.42%
Price / MAexp20:	+0.79%
Price / MAexp50:	+0.84%
Price / MAexp100:	+1.40%

Quotes : - Real time data - Cryptocompare

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

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