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 07/28/2024 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Bullish

Technical indicators

67%

28%

My opinion

Bullish above 63,994.06 USD

My targets

73,117.83 USD (+7.79%)

My analysis

BITCOIN - BTC/USD 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 63,994.06 USD. The next resistance located at 73,117.83 USD is the next bullish target to be reached. A bullish break in this resistance would boost the bullish momentum.

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

6.6

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 67,836.37 USD. The price registered a decrease of -0.10% on the session with the lowest point at 67,311.48 USD and the highest point at 68,279.20 USD. The deviation from the price is +0.78% for the low point and -0.65% for the high point.

67,311.48

68,279.20

67,836.37

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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 result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in Daily of this BITCOIN - BTC/USD chart shows a bullish trend. 78.57% of the signals given by moving averages are bullish. The overall trend is reinforced by the strong bullish signals from short-term moving averages. An assessment of moving averages reveals several bullish signals that could impact this trend:

Moving Average bullish crossovers : MA20 & MA50

Type : Bullish

Timeframe : Daily

Moving Average bullish crossovers : AMA20 & AMA50

Type : Bullish

Timeframe : Daily

In fact, 12 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	58,274.94	63,994.06	67,554.70	67,836.37	73,117.83
Change (%)	-14.09%	-5.66%	-0.42%	-	+7.79%
Change	-9,561.43	-3,842.31	-281.67	-	+5,281.46
Level	Major	Intermediate	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	63,862.66	65,275.00	66,587.82	68,000.16	69,312.98	70,725.32	72,038.14
Camarilla	67,151.21	67,401.02	67,650.82	67,900.63	68,150.44	68,400.24	68,650.05
Woodie	63,812.89	65,250.12	66,538.05	67,975.28	69,263.21	70,700.44	71,988.37
Fibonacci	65,275.00	66,316.01	66,959.15	68,000.16	69,041.17	69,684.31	70,725.32

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	58,453.74	60,947.87	64,424.25	66,918.38	70,394.76	72,888.89	76,365.27
Camarilla	66,258.74	66,806.04	67,353.33	67,900.63	68,447.93	68,995.22	69,542.52
Woodie	58,944.87	61,193.43	64,915.38	67,163.94	70,885.89	73,134.45	76,856.40
Fibonacci	60,947.87	63,228.61	64,637.65	66,918.38	69,199.12	70,608.16	72,888.89

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45,746.50	52,126.87	57,406.44	63,786.81	69,066.38	75,446.75	80,726.32
Camarilla	59,479.54	60,548.36	61,617.19	62,686.02	63,754.85	64,823.68	65,892.50
Woodie	45,196.11	51,851.67	56,856.05	63,511.61	68,515.99	75,171.55	80,175.93
Fibonacci	52,126.87	56,580.96	59,332.71	63,786.81	68,240.90	70,992.65	75,446.75

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):	63.44
MACD (12,26,9):	1,611.4300
Directional Movement:	9.30
AROON (14):	92.86
DEMA (21):	66,764.92
Parabolic SAR (0,02-0,02-0,2):	63,561.41
Elder Ray (13):	1,846.10
Super Trend (3,10):	60,978.73
Zig ZAG (10):	67,963.73
VORTEX (21):	1.2300
Stochastique (14,3,5):	87.80
TEMA (21):	68,540.63
Williams %R (14):	-16.39
Chande Momentum Oscillator (20):	2,896.70
Repulse (5,40,3):	2.2500
ROCnROLL:	1
TRIX (15,9):	0.2700
Courbe Coppock:	24.21

MA7:	66,924.44
MA20:	63,973.70
MA50:	63,415.08
MA100:	64,561.03
MAexp7:	67,037.86
MAexp20:	64,981.11
MAexp50:	64,084.98
MAexp100:	63,517.92
Price / MA7:	+1.36%
Price / MA20:	+6.04%
Price / MA50:	+6.97%
Price / MA100:	+5.07%
Price / MAexp7:	+1.19%
Price / MAexp20:	+4.39%
Price / MAexp50:	+5.85%
Price / MAexp100:	+6.80%

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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