BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/14/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
72%
6%
22%
My opinion
Bullish above 92,822.16 USDT
My targets
97,264.38 USDT (+0.96%)
99,103.45 USDT (+2.87%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 92,822.16 USDT, you could try to benefit from the boom. The first bullish objective is located at 97,264.38 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 99,103.45 USDT as an objective. Crossing it would then enable buyers to target 102,628.65 USDT. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.5
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This analysis was given by Trillion. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 96,338.03 USDT. On the day, this instrument gained +1.83% and was between 94,357.09 USDT and 97,359.93 USDT. This implies that the price is at +2.10% from its lowest and at -1.05% from its highest.94,357.09
97,359.93
96,338.03
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 85.71% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 13 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:
Doji
Type : Neutral
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 91,265.73 | 92,822.16 | 95,812.48 | 96,338.03 | 97,264.38 | 99,103.45 | 102,628.65 |
| Change (%) | -5.27% | -3.65% | -0.55% | - | +0.96% | +2.87% | +6.53% |
| Change | -5,072.30 | -3,515.87 | -525.55 | - | +926.35 | +2,765.42 | +6,290.62 |
| Level | Minor | Major | Major | - | Minor | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84,198.17 | 86,780.09 | 90,694.93 | 93,276.85 | 97,191.69 | 99,773.61 | 103,688.45 |
| Camarilla | 92,823.17 | 93,418.71 | 94,014.24 | 94,609.78 | 95,205.32 | 95,800.85 | 96,396.39 |
| Woodie | 84,864.64 | 87,113.32 | 91,361.40 | 93,610.08 | 97,858.16 | 100,106.84 | 104,354.92 |
| Fibonacci | 86,780.09 | 89,261.85 | 90,795.08 | 93,276.85 | 95,758.61 | 97,291.84 | 99,773.61 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 78,319.43 | 84,792.58 | 89,682.35 | 96,155.50 | 101,045.27 | 107,518.42 | 112,408.19 |
| Camarilla | 91,447.32 | 92,488.92 | 93,530.52 | 94,572.12 | 95,613.72 | 96,655.32 | 97,696.92 |
| Woodie | 77,527.74 | 84,396.74 | 88,890.66 | 95,759.66 | 100,253.58 | 107,122.58 | 111,616.50 |
| Fibonacci | 84,792.58 | 89,133.22 | 91,814.87 | 96,155.50 | 100,496.14 | 103,177.79 | 107,518.42 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 70,721.27 | 81,150.45 | 87,396.50 | 97,825.68 | 104,071.73 | 114,500.91 | 120,746.96 |
| Camarilla | 89,056.86 | 90,585.43 | 92,113.99 | 93,642.55 | 95,171.11 | 96,699.68 | 98,228.24 |
| Woodie | 68,629.71 | 80,104.67 | 85,304.94 | 96,779.90 | 101,980.17 | 113,455.13 | 118,655.40 |
| Fibonacci | 81,150.45 | 87,520.39 | 91,455.74 | 97,825.68 | 104,195.62 | 108,130.97 | 114,500.91 |
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): | 69.06 | |
| MACD (12,26,9): | 815.5500 | |
| Directional Movement: | 27.38 | |
| AROON (14): | 85.71 | |
| DEMA (21): | 95,797.96 | |
| Parabolic SAR (0,02-0,02-0,2): | 95,373.18 | |
| Elder Ray (13): | 1,220.56 | |
| Super Trend (3,10): | 94,744.55 | |
| Zig ZAG (10): | 96,523.33 | |
| VORTEX (21): | 1.5000 | |
| Stochastique (14,3,5): | 83.70 | |
| TEMA (21): | 96,540.52 | |
| Williams %R (14): | -28.13 | |
| Chande Momentum Oscillator (20): | 1,858.09 | |
| Repulse (5,40,3): | 0.4900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0800 | |
| Courbe Coppock: | 5.99 |
| MA7: | 94,621.75 | |
| MA20: | 95,692.98 | |
| MA50: | 97,439.58 | |
| MA100: | 86,552.37 | |
| MAexp7: | 95,969.95 | |
| MAexp20: | 94,899.76 | |
| MAexp50: | 94,293.95 | |
| MAexp100: | 94,406.32 | |
| Price / MA7: | +1.81% | |
| Price / MA20: | +0.67% | |
| Price / MA50: | -1.13% | |
| Price / MA100: | +11.31% | |
| Price / MAexp7: | +0.38% | |
| Price / MAexp20: | +1.52% | |
| Price / MAexp50: | +2.17% | |
| Price / MAexp100: | +2.05% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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