BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
Volume:	-

Low:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 10/26/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : NEUTRAL

Summary of the analysis

Trends

Short term: Neutral

Underlying: Slightly bearish

Technical indicators

56%

39%

My opinion

Neutral between 66,563.51 USD and 67,554.70 USD

My targets

My analysis

A slightly bearish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first support is located at 66,563.51 USD. The first resistance is located at 67,554.70 USD. A very slight advantage is given by the slightly bearish basic trend so that the support is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This could be the case, for example, when the first support has been broken below or the first resistance has been broken above.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 67,109.30 USD. The price registered an increase of +0.79% on the session with the lowest point at 66,353.00 USD and the highest point at 67,182.91 USD. The deviation from the price is +1.14% for the low point and -0.11% for the high point.

66,353.00

67,182.91

67,109.30

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

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 1H of this BITCOIN - BTC/USD chart shows a slightly bearish trend. 57.14% of the signals given by moving averages are bearish. As the signals currently given by short-term moving averages are rather neutral, the slightly bearish trend could return to neutral. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 10 technical indicators out of 18 analysed are currently bullish. The Central Indicators scanner found this result concerning these indicators:

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

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

Horizontal support is broken

Type : Bearish

Timeframe : 1 hour

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	65,173.77	65,886.74	66,563.51	67,109.30	67,227.70	67,554.70	68,013.18
Change (%)	-2.88%	-1.82%	-0.81%	-	+0.18%	+0.66%	+1.35%
Change	-1,935.53	-1,222.56	-545.79	-	+118.40	+445.40	+903.88
Level	Intermediate	Intermediate	Intermediate	-	Minor	Major	Intermediate

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61,948.52	63,737.63	65,161.67	66,950.78	68,374.82	70,163.93	71,587.97
Camarilla	65,702.10	65,996.64	66,291.18	66,585.72	66,880.26	67,174.80	67,469.34
Woodie	61,766.00	63,646.36	64,979.15	66,859.51	68,192.30	70,072.66	71,405.45
Fibonacci	63,737.63	64,965.05	65,723.35	66,950.78	68,178.20	68,936.50	70,163.93

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	56,966.80	59,501.65	63,932.85	66,467.70	70,898.90	73,433.75	77,864.95
Camarilla	66,448.39	67,086.94	67,725.50	68,364.05	69,002.61	69,641.16	70,279.71
Woodie	57,914.98	59,975.74	64,881.03	66,941.79	71,847.08	73,907.84	78,813.13
Fibonacci	59,501.65	62,162.68	63,806.67	66,467.70	69,128.73	70,772.72	73,433.75

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,934.35	48,285.93	55,801.70	61,153.28	68,669.05	74,020.63	81,536.40
Camarilla	59,778.94	60,958.45	62,137.95	63,317.46	64,496.97	65,676.47	66,855.98
Woodie	44,016.44	48,826.98	56,883.79	61,694.33	69,751.14	74,561.68	82,618.49
Fibonacci	48,285.93	53,201.26	56,237.96	61,153.28	66,068.61	69,105.31	74,020.63

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):	51.28
MACD (12,26,9):	-56.0200
Directional Movement:	-7.23
AROON (14):	-35.71
DEMA (21):	66,882.31
Parabolic SAR (0,02-0,02-0,2):	66,453.61
Elder Ray (13):	107.44
Super Trend (3,10):	67,710.99
Zig ZAG (10):	67,072.38
VORTEX (21):	1.3300
Stochastique (14,3,5):	73.23
TEMA (21):	66,934.85
Williams %R (14):	-20.96
Chande Momentum Oscillator (20):	7.45
Repulse (5,40,3):	0.1900
ROCnROLL:	-1
TRIX (15,9):	-0.0200
Courbe Coppock:	0.18

MA7:	67,461.92
MA20:	65,547.71
MA50:	62,980.79
MA100:	62,169.35
MAexp7:	66,992.02
MAexp20:	66,989.23
MAexp50:	67,131.69
MAexp100:	67,255.76
Price / MA7:	-0.52%
Price / MA20:	+2.38%
Price / MA50:	+6.56%
Price / MA100:	+7.95%
Price / MAexp7:	+0.18%
Price / MAexp20:	+0.18%
Price / MAexp50:	-0.03%
Price / MAexp100:	-0.22%

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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