BITCOIN - BTC/USDT - Daily - Technical analysis published on 01/15/2025 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
67%
11%
22%
My opinion
Bullish above 92,745.28 USDT
My targets
106,097.60 USDT (+6.54%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 92,745.28 USDT, you could try to benefit from the boom. The first bullish objective is located at 106,097.60 USDT. The bullish momentum would be boosted by a break in this resistance. 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.
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
0
10
7.5
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This analysis was given by hunza. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT price is 99,585.05 USDT. The price has increased by +3.10% since the last closing and was between 96,524.36 USDT and 100,643.33 USDT. This implies that the price is at +3.17% from its lowest and at -1.05% from its highest.96,524.36
100,643.33
99,585.05
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish trend reversal : adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 20
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, 12 technical indicators on 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators has recently detected several signals:
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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 horizontal resistance
Type : Bearish
Timeframe : Daily
Near resistance of triangle
Type : Bearish
Timeframe : Daily
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 73,074.27 | 92,745.28 | 99,103.45 | 99,585.05 | 106,097.60 |
| Change (%) | -26.62% | -6.87% | -0.48% | - | +6.54% |
| Change | -26,510.78 | -6,839.77 | -481.60 | - | +6,512.55 |
| Level | Major | Major | Minor | - | 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 | 91,842.72 | 93,099.91 | 94,845.56 | 96,102.75 | 97,848.40 | 99,105.59 | 100,851.24 |
| Camarilla | 95,765.44 | 96,040.70 | 96,315.96 | 96,591.22 | 96,866.48 | 97,141.74 | 97,417.00 |
| Woodie | 92,086.96 | 93,222.03 | 95,089.80 | 96,224.87 | 98,092.64 | 99,227.71 | 101,095.48 |
| Fibonacci | 93,099.91 | 94,246.99 | 94,955.66 | 96,102.75 | 97,249.83 | 97,958.50 | 99,105.59 |
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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 57.46 | |
| MACD (12,26,9): | -89.8200 | |
| Directional Movement: | -2.13 | |
| AROON (14): | -42.85 | |
| DEMA (21): | 96,256.06 | |
| Parabolic SAR (0,02-0,02-0,2): | 100,775.58 | |
| Elder Ray (13): | 2,269.43 | |
| Super Trend (3,10): | 103,149.44 | |
| Zig ZAG (10): | 99,750.88 | |
| VORTEX (21): | 0.9800 | |
| Stochastique (14,3,5): | 57.34 | |
| TEMA (21): | 95,556.04 | |
| Williams %R (14): | -22.03 | |
| Chande Momentum Oscillator (20): | 1,587.50 | |
| Repulse (5,40,3): | 6.3400 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0700 | |
| Courbe Coppock: | 1.41 |
| MA7: | 95,312.99 | |
| MA20: | 95,887.62 | |
| MA50: | 97,594.08 | |
| MA100: | 86,926.97 | |
| MAexp7: | 96,512.43 | |
| MAexp20: | 96,402.14 | |
| MAexp50: | 94,698.37 | |
| MAexp100: | 88,396.10 | |
| Price / MA7: | +4.48% | |
| Price / MA20: | +3.86% | |
| Price / MA50: | +2.04% | |
| Price / MA100: | +14.56% | |
| Price / MAexp7: | +3.18% | |
| Price / MAexp20: | +3.30% | |
| Price / MAexp50: | +5.16% | |
| Price / MAexp100: | +12.66% |
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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