BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 07/22/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
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Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

83%

11%

My opinion

Bullish above 62,803.66 USD

My targets

73,117.83 USD (+9.06%)

My analysis

In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USD. This is a positive signal for buyers. As long as the price remains above 62,803.66 USD, a purchase could be considered. The first bullish objective is located at 73,117.83 USD. The bullish momentum would be boosted by a break in this resistance. In the event of a return below 62,803.66 USD, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.

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

6.4

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 world script ltda. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 67,041.40 USD. The price registered a decrease of -1.66% on the session with the lowest point at 66,601.19 USD and the highest point at 68,493.24 USD. The deviation from the price is +0.66% for the low point and -2.12% for the high point.

66,601.19

68,493.24

67,041.40

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

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in Daily shows an overall bullish trend. 71.43% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. An assessment of moving averages reveals a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : Daily

In fact, 15 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

The Central Indicators scanner found this result concerning these indicators:

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:

Resistance of channel is broken

Type : Bullish

Timeframe : Daily

For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:

Bearish engulfing lines

Type : Bearish

Timeframe : Daily

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	50,742.68	58,274.94	62,803.66	67,041.40	67,554.70	73,117.83
Change (%)	-24.31%	-13.08%	-6.32%	-	+0.77%	+9.06%
Change	-16,298.72	-8,766.46	-4,237.74	-	+513.30	+6,076.43
Level	Minor	Major	Major	-	Major	Major

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	64,052.02	64,949.97	66,562.46	67,460.41	69,072.90	69,970.85	71,583.34
Camarilla	67,484.57	67,714.69	67,944.82	68,174.94	68,405.06	68,635.19	68,865.31
Woodie	64,409.28	65,128.61	66,919.72	67,639.05	69,430.16	70,149.49	71,940.60
Fibonacci	64,949.97	65,908.96	66,501.43	67,460.41	68,419.40	69,011.87	69,970.85

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,438.30	56,366.54	61,764.97	64,693.21	70,091.64	73,019.88	78,418.31
Camarilla	64,873.57	65,636.84	66,400.12	67,163.40	67,926.68	68,689.96	69,453.23
Woodie	54,673.40	56,984.09	63,000.07	65,310.76	71,326.74	73,637.43	79,653.41
Fibonacci	56,366.54	59,547.33	61,512.42	64,693.21	67,874.00	69,839.09	73,019.88

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	43,402.24	50,954.73	56,820.38	64,372.87	70,238.52	77,791.01	83,656.66
Camarilla	58,996.03	60,226.03	61,456.02	62,686.02	63,916.02	65,146.01	66,376.01
Woodie	42,558.81	50,533.02	55,976.95	63,951.16	69,395.09	77,369.30	82,813.23
Fibonacci	50,954.73	56,080.46	59,247.14	64,372.87	69,498.60	72,665.28	77,791.01

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	62.58
MACD (12,26,9):	1,320.9500
Directional Movement:	11.52
AROON (14):	100.00
DEMA (21):	64,361.27
Parabolic SAR (0,02-0,02-0,2):	60,206.64
Elder Ray (13):	3,389.66
Super Trend (3,10):	60,305.98
Zig ZAG (10):	66,969.48
VORTEX (21):	1.0700
Stochastique (14,3,5):	94.27
TEMA (21):	66,548.81
Williams %R (14):	-12.67
Chande Momentum Oscillator (20):	9,241.21
Repulse (5,40,3):	2.0200
ROCnROLL:	1
TRIX (15,9):	0.0100
Courbe Coppock:	28.56

MA7:	66,050.63
MA20:	61,133.92
MA50:	63,782.53
MA100:	64,362.45
MAexp7:	65,861.37
MAexp20:	63,279.40
MAexp50:	63,301.36
MAexp100:	63,089.39
Price / MA7:	+1.50%
Price / MA20:	+9.66%
Price / MA50:	+5.11%
Price / MA100:	+4.16%
Price / MAexp7:	+1.79%
Price / MAexp20:	+5.95%
Price / MAexp50:	+5.91%
Price / MAexp100:	+6.26%

Quotes : - Real time data - Cryptocompare

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

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