BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/16/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
50%
22%
28%
My opinion
Bullish above 99,103.45 USDT
My targets
100,643.33 USDT (+0.89%)
106,097.60 USDT (+6.36%)
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 99,103.45 USDT. The next resistance located at 100,643.33 USDT is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 106,097.60 USDT. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
7
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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 99,752.55 USDT. The price is lower by -0.61% since the last closing and was between 99,251.61 USDT and 100,734.13 USDT. This implies that the price is at +0.50% from its lowest and at -0.97% from its highest.99,251.61
100,734.13
99,752.55
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USDT:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a strongly bullish trend. 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 market scanner currently does not detect any result that concerns moving averages.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 9 are bullish, 5 are neutral and 4 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 1 hour
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 1 hour
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
Price
S3 | S2 | S1 | Price | R1 | R2 | |
---|---|---|---|---|---|---|
ProTrendLines | 93,815.95 | 95,818.65 | 99,103.45 | 99,752.55 | 100,643.33 | 106,097.60 |
Change (%) | -5.95% | -3.94% | -0.65% | - | +0.89% | +6.36% |
Change | -5,936.60 | -3,933.90 | -649.10 | - | +890.78 | +6,345.05 |
Level | Intermediate | Major | Minor | - | Intermediate | Intermediate |
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 | 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): | 60.19 | |
MACD (12,26,9): | 634.1000 | |
Directional Movement: | 20.49 | |
AROON (14): | 42.86 | |
DEMA (21): | 100,104.87 | |
Parabolic SAR (0,02-0,02-0,2): | 100,619.04 | |
Elder Ray (13): | 233.16 | |
Super Trend (3,10): | 98,243.46 | |
Zig ZAG (10): | 99,710.09 | |
VORTEX (21): | 1.2200 | |
Stochastique (14,3,5): | 45.73 | |
TEMA (21): | 100,024.62 | |
Williams %R (14): | -49.83 | |
Chande Momentum Oscillator (20): | -204.45 | |
Repulse (5,40,3): | 0.0100 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.1100 | |
Courbe Coppock: | 1.77 |
MA7: | 96,436.01 | |
MA20: | 96,182.73 | |
MA50: | 97,684.39 | |
MA100: | 87,309.08 | |
MAexp7: | 99,642.33 | |
MAexp20: | 99,189.19 | |
MAexp50: | 97,855.03 | |
MAexp100: | 96,731.26 | |
Price / MA7: | +3.44% | |
Price / MA20: | +3.71% | |
Price / MA50: | +2.12% | |
Price / MA100: | +14.25% | |
Price / MAexp7: | +0.11% | |
Price / MAexp20: | +0.57% | |
Price / MAexp50: | +1.94% | |
Price / MAexp100: | +3.12% |
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.
About author
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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