BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/16/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 95,818.65 USDT
My targets
100,643.33 USDT (+1.26%)
106,097.60 USDT (+6.74%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 95,818.65 USDT, you could try to benefit from the boom. The first bullish objective is located at 100,643.33 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 106,097.60 USDT as an objective. 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, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
7.7
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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 99,395.31 USDT. On the day, this instrument lost -0.96% and was traded between 99,251.61 USDT and 100,734.13 USDT over the period. The price is currently at +0.14% from its lowest and -1.33% from its highest.99,251.61
100,734.13
99,395.31
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USDT indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 93,815.95 | 95,818.65 | 99,103.45 | 99,395.31 | 100,643.33 | 106,097.60 |
| Change (%) | -5.61% | -3.60% | -0.29% | - | +1.26% | +6.74% |
| Change | -5,579.36 | -3,576.66 | -291.86 | - | +1,248.02 | +6,702.29 |
| Level | Intermediate | 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 | 93,591.63 | 95,057.99 | 97,710.60 | 99,176.96 | 101,829.57 | 103,295.93 | 105,948.54 |
| Camarilla | 99,230.48 | 99,608.06 | 99,985.63 | 100,363.20 | 100,740.77 | 101,118.35 | 101,495.92 |
| Woodie | 94,184.75 | 95,354.55 | 98,303.72 | 99,473.52 | 102,422.69 | 103,592.49 | 106,541.66 |
| Fibonacci | 95,057.99 | 96,631.44 | 97,603.52 | 99,176.96 | 100,750.41 | 101,722.49 | 103,295.93 |
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): | 60.99 | |
| MACD (12,26,9): | 816.3000 | |
| Directional Movement: | 24.96 | |
| AROON (14): | 78.57 | |
| DEMA (21): | 100,102.41 | |
| Parabolic SAR (0,02-0,02-0,2): | 99,289.80 | |
| Elder Ray (13): | 265.64 | |
| Super Trend (3,10): | 98,240.64 | |
| Zig ZAG (10): | 99,697.60 | |
| VORTEX (21): | 1.2000 | |
| Stochastique (14,3,5): | 65.73 | |
| TEMA (21): | 100,174.57 | |
| Williams %R (14): | -54.68 | |
| Chande Momentum Oscillator (20): | 260.04 | |
| Repulse (5,40,3): | -0.5700 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1300 | |
| Courbe Coppock: | 4.11 |
| MA7: | 96,414.33 | |
| MA20: | 96,188.16 | |
| MA50: | 97,683.87 | |
| MA100: | 87,308.82 | |
| MAexp7: | 99,669.22 | |
| MAexp20: | 98,993.06 | |
| MAexp50: | 97,556.36 | |
| MAexp100: | 96,486.74 | |
| Price / MA7: | +3.09% | |
| Price / MA20: | +3.33% | |
| Price / MA50: | +1.75% | |
| Price / MA100: | +13.84% | |
| Price / MAexp7: | -0.27% | |
| Price / MAexp20: | +0.41% | |
| Price / MAexp50: | +1.89% | |
| Price / MAexp100: | +3.01% |
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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