BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 12/12/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bullish

Technical indicators

11%

61%

28%

My opinion

Neutral between 98,892.34 USDT and 101,348.20 USDT

My targets

My analysis

A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 101,348.20 USDT. The first support is located at 98,892.34 USDT. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

Technical indicators are bearish in the very shrot term and could soon allow change to a bearish sentiment.

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 99,874.76 USDT. On the day, this instrument lost -1.25% with the lowest point at 99,375.05 USDT and the highest point at 102,469.25 USDT. The deviation from the price is +0.50% for the low point and -2.53% for the high point.

99,375.05

102,469.25

99,874.76

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, which identifies the highest / lowest, has detected several elements:

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 this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. An assessment of moving averages reveals several bearish and bullish signals:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 1 hour

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 1 hour

Technical indicators are bearish. There is still some doubt about the decline in the price.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back over the pivot point

Type : Bullish

Timeframe : 1 hour

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	92,790.08	94,337.11	98,892.34	99,874.76	100,444.63	101,348.20	103,880.28
Change (%)	-7.09%	-5.54%	-0.98%	-	+0.57%	+1.48%	+4.01%
Change	-7,084.68	-5,537.65	-982.42	-	+569.87	+1,473.44	+4,005.52
Level	Minor	Minor	Major	-	Intermediate	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	91,246.95	93,498.04	97,315.96	99,567.05	103,384.97	105,636.06	109,453.98
Camarilla	99,464.91	100,021.24	100,577.56	101,133.89	101,690.22	102,246.54	102,802.87
Woodie	92,030.38	93,889.75	98,099.39	99,958.76	104,168.40	106,027.77	110,237.41
Fibonacci	93,498.04	95,816.40	97,248.69	99,567.05	101,885.41	103,317.70	105,636.06

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82,699.79	87,744.94	93,789.99	98,835.14	104,880.19	109,925.34	115,970.39
Camarilla	96,785.25	97,801.85	98,818.45	99,835.05	100,851.65	101,868.25	102,884.86
Woodie	83,199.75	87,994.92	94,289.95	99,085.12	105,380.15	110,175.32	116,470.35
Fibonacci	87,744.94	91,981.39	94,598.68	98,835.14	103,071.59	105,688.88	109,925.34

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,876.05	54,855.29	75,633.98	87,613.22	108,391.91	120,371.15	141,149.84
Camarilla	87,404.24	90,407.05	93,409.86	96,412.67	99,415.48	102,418.29	105,421.10
Woodie	47,275.78	57,055.15	80,033.71	89,813.08	112,791.64	122,571.01	145,549.57
Fibonacci	54,855.29	67,368.82	75,099.69	87,613.22	100,126.75	107,857.62	120,371.15

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):	43.99
MACD (12,26,9):	199.6300
Directional Movement:	-5.45
AROON (14):	-21.43
DEMA (21):	101,034.42
Parabolic SAR (0,02-0,02-0,2):	102,407.37
Elder Ray (13):	-1,043.42
Super Trend (3,10):	101,758.37
Zig ZAG (10):	99,811.34
VORTEX (21):	0.8700
Stochastique (14,3,5):	16.45
TEMA (21):	100,702.88
Williams %R (14):	-82.63
Chande Momentum Oscillator (20):	-1,044.54
Repulse (5,40,3):	-1.1200
ROCnROLL:	-1
TRIX (15,9):	0.0700
Courbe Coppock:	0.05

MA7:	99,435.11
MA20:	97,295.13
MA50:	86,622.24
MA100:	74,464.38
MAexp7:	100,635.76
MAexp20:	100,626.23
MAexp50:	99,868.24
MAexp100:	99,252.39
Price / MA7:	+0.44%
Price / MA20:	+2.65%
Price / MA50:	+15.30%
Price / MA100:	+34.12%
Price / MAexp7:	-0.76%
Price / MAexp20:	-0.75%
Price / MAexp50:	+0.01%
Price / MAexp100:	+0.63%

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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