BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 12/15/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 101,553.18 USD

My targets

103,594.53 USD (+0.78%)

104,540.09 USD (+1.70%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 101,553.18 USD, you could try to benefit from the boom. The first bullish objective is located at 103,594.53 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 104,540.09 USD as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

Force

7.7

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

Additional analysis

Quotes

The BITCOIN - BTC/USD price is 102,788.25 USD. On the day, this instrument gained +1.37% and was traded between 101,227.40 USD and 103,290.48 USD over the period. The price is currently at +1.54% from its lowest and -0.49% from its highest.

101,227.40

103,290.48

102,788.25

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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 several elements:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

The Central Volumes scanner detects abnormal volumes on the asset:

Abnormal volumes

Timeframe : 5 days

Abnormal volumes

Timeframe : 20 days

Abnormal volumes

Timeframe : 50 days

Technical

Technical analysis of this 15 min. chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. 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. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 15 minutes

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes

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 : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	99,008.00	100,506.41	101,939.21	102,788.25
Change (%)	-3.68%	-2.22%	-0.83%	-
Change	-3,780.25	-2,281.84	-849.04	-
Level	Intermediate	Intermediate	Intermediate	-

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	98,416.04	99,511.83	100,457.39	101,553.18	102,498.74	103,594.53	104,540.09
Camarilla	100,841.58	101,028.70	101,215.83	101,402.95	101,590.07	101,777.20	101,964.32
Woodie	98,340.93	99,474.27	100,382.28	101,515.62	102,423.63	103,556.97	104,464.98
Fibonacci	99,511.83	100,291.63	100,773.38	101,553.18	102,332.98	102,814.73	103,594.53

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87,906.86	91,104.48	96,253.72	99,451.34	104,600.58	107,798.20	112,947.44
Camarilla	99,107.56	99,872.69	100,637.82	101,402.95	102,168.08	102,933.21	103,698.34
Woodie	88,882.66	91,592.39	97,229.52	99,939.25	105,576.38	108,286.11	113,923.24
Fibonacci	91,104.48	94,292.98	96,262.84	99,451.34	102,639.84	104,609.70	107,798.20

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	42,633.51	54,715.41	75,594.23	87,676.13	108,554.95	120,636.85	141,515.67
Camarilla	87,408.84	90,430.24	93,451.64	96,473.04	99,494.44	102,515.84	105,537.24
Woodie	47,031.96	56,914.64	79,992.68	89,875.36	112,953.40	122,836.08	145,914.12
Fibonacci	54,715.41	67,306.41	75,085.14	87,676.13	100,267.13	108,045.86	120,636.85

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):	63.83
MACD (12,26,9):	209.6100
Directional Movement:	15.24
AROON (14):	35.71
DEMA (21):	102,939.61
Parabolic SAR (0,02-0,02-0,2):	103,091.57
Elder Ray (13):	165.50
Super Trend (3,10):	102,218.02
Zig ZAG (10):	102,950.66
VORTEX (21):	1.1500
Stochastique (14,3,5):	57.54
TEMA (21):	102,970.52
Williams %R (14):	-44.51
Chande Momentum Oscillator (20):	270.45
Repulse (5,40,3):	0.1600
ROCnROLL:	1
TRIX (15,9):	0.0300
Courbe Coppock:	0.79

MA7:	100,143.33
MA20:	98,222.24
MA50:	88,745.73
MA100:	75,862.07
MAexp7:	102,823.58
MAexp20:	102,651.65
MAexp50:	102,304.59
MAexp100:	101,975.72
Price / MA7:	+2.64%
Price / MA20:	+4.65%
Price / MA50:	+15.82%
Price / MA100:	+35.49%
Price / MAexp7:	-0.03%
Price / MAexp20:	+0.13%
Price / MAexp50:	+0.47%
Price / MAexp100:	+0.80%

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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