BITCOIN - BTC/USDT

- USDT (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - Weekly - Technical analysis published on 02/02/2025 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

11%

My opinion

Bullish above

My targets

()

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on BITCOIN - BTC/USDT as long as the price remains well above . The buyers' bullish objective is set at . A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.2

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 mh572. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The BITCOIN - BTC/USDT rating is 98,705.16 USDT. Over 5 days, this instrument lost -3.29% and was traded between 98,237.59 USDT and 106,293.11 USDT over the period. The price is currently at +0.48% from its lowest point and -7.14% from its highest point.

98,237.59

106,293.11

98,705.16

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Bearish opening

Type : Bearish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The study of the highest / lowest by the Central Records scanner shows the following results:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USDT in Weekly shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

RSI indicator: bearish divergence

Type : Bearish

Timeframe : Weekly

Central Indicators, the scanner specialised in technical indicators, has identified this signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

The analysis of the price chart with Central Patterns scanners does not return any result.

The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Bearish harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	39,567.66	53,970.16	73,074.27	98,705.16	106,097.60
Change (%)	-59.91%	-45.32%	-25.97%	-	+7.49%
Change	-59,137.50	-44,735.00	-25,630.89	-	+7,392.44
Level	Minor	Major	Major	-	Major

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	97,195.32	98,728.59	99,693.20	101,226.47	102,191.08	103,724.35	104,688.96
Camarilla	99,970.89	100,199.87	100,428.84	100,657.81	100,886.78	101,115.76	101,344.73
Woodie	96,910.99	98,586.43	99,408.87	101,084.31	101,906.75	103,582.19	104,404.63
Fibonacci	98,728.59	99,682.78	100,272.28	101,226.47	102,180.66	102,770.16	103,724.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	88,592.23	93,259.46	96,958.64	101,625.87	105,325.05	109,992.28	113,691.46
Camarilla	98,357.05	99,123.97	99,890.89	100,657.81	101,424.73	102,191.65	102,958.57
Woodie	88,108.20	93,017.45	96,474.61	101,383.86	104,841.02	109,750.27	113,207.43
Fibonacci	93,259.46	96,455.43	98,429.91	101,625.87	104,821.84	106,796.32	109,992.28

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	71,735.79	80,548.89	91,471.23	100,284.33	111,206.67	120,019.77	130,942.11
Camarilla	96,966.31	98,775.40	100,584.48	102,393.56	104,202.64	106,011.72	107,820.81
Woodie	72,790.40	81,076.20	92,525.84	100,811.64	112,261.28	120,547.08	131,996.72
Fibonacci	80,548.89	88,087.83	92,745.40	100,284.33	107,823.27	112,480.84	120,019.77

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):	63.04
MACD (12,26,9):	9,517.6300
Directional Movement:	18.99
AROON (14):	78.57
DEMA (21):	101,835.10
Parabolic SAR (0,02-0,02-0,2):	89,756.71
Elder Ray (13):	5,363.24
Super Trend (3,10):	74,796.14
Zig ZAG (10):	98,242.35
VORTEX (21):	1.2300
Stochastique (14,3,5):	79.85
TEMA (21):	104,955.20
Williams %R (14):	-25.67
Chande Momentum Oscillator (20):	8,393.98
Repulse (5,40,3):	-4.5200
ROCnROLL:	1
TRIX (15,9):	1.8800
Courbe Coppock:	81.76

MA7:	101,895.18
MA20:	102,396.06
MA50:	99,258.45
MA100:	93,621.93
MAexp7:	98,475.61
MAexp20:	89,430.63
MAexp50:	74,368.22
MAexp100:	60,271.20
Price / MA7:	-3.13%
Price / MA20:	-3.60%
Price / MA50:	-0.56%
Price / MA100:	+5.43%
Price / MAexp7:	+0.23%
Price / MAexp20:	+10.37%
Price / MAexp50:	+32.72%
Price / MAexp100:	+63.77%

Quotes : - Real time data - CoinMarketCap

This member declared not having a position on this financial instrument or a related financial instrument.

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