BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

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

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

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above

My targets

()

My analysis

The basic bullish trend is very strong on BITCOIN - BTC/USD but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above . Crossing the first resistance at would be a sign of a potential new surge in the price. Caution, a return to below would be a sign of a consolidation phase in the short-term basic trend. 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

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 67,068.54 USD. The price is up +3.05% over 5 days and has been traded over the last 5 days between 63,237.54 USD and 68,493.24 USD. This implies that the 5 day price is +6.06% from its lowest point and -2.08% from its highest point.

63,237.54

68,493.24

67,068.54

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

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

A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly bullish trend. The signals given by moving averages are 89.29% bullish. This strongly bullish trend seems to be running out of steam given the signals being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : adaptative moving average 20

Type : Bullish

Timeframe : Weekly

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
Caution: the Central Indicators scanner currently detects an excess:

MACD indicator: bearish divergence

Type : Bullish

Timeframe : Weekly

No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.

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

Near horizontal resistance

Type : Bearish

Timeframe : Weekly

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 harami

Type : Bearish

Timeframe : Weekly

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35,079.50	47,352.27	58,274.94	67,068.54	67,554.70	73,117.83
Change (%)	-47.70%	-29.40%	-13.11%	-	+0.72%	+9.02%
Change	-31,989.04	-19,716.27	-8,793.60	-	+486.16	+6,049.29
Level	Intermediate	Minor	Major	-	Major	Major

Attention could also be paid to pivot points to set price objectives:

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):	59.35
MACD (12,26,9):	3,706.5900
Directional Movement:	4.71
AROON (14):	-28.57
DEMA (21):	68,134.46
Parabolic SAR (0,02-0,02-0,2):	69,273.60
Elder Ray (13):	3,256.33
Super Trend (3,10):	52,142.70
Zig ZAG (10):	66,965.16
VORTEX (21):	1.1100
Stochastique (14,3,5):	61.55
TEMA (21):	66,083.88
Williams %R (14):	-27.15
Chande Momentum Oscillator (20):	2,931.16
Repulse (5,40,3):	7.8500
ROCnROLL:	1
TRIX (15,9):	1.3800
Courbe Coppock:	4.52

MA7:	66,050.63
MA20:	61,133.92
MA50:	63,782.53
MA100:	64,362.45
MAexp7:	64,426.08
MAexp20:	62,276.20
MAexp50:	52,791.07
MAexp100:	43,818.51
Price / MA7:	+1.54%
Price / MA20:	+9.71%
Price / MA50:	+5.15%
Price / MA100:	+4.20%
Price / MAexp7:	+4.10%
Price / MAexp20:	+7.70%
Price / MAexp50:	+27.05%
Price / MAexp100:	+53.06%

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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