BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 12/16/2024 (GMT)

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Timeframe : 15 min.
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Bullish

Technical indicators

50%

17%

33%

My opinion

Bullish above 103,569.47 USD

My targets

105,911.53 USD (+0.39%)

107,424.88 USD (+1.82%)

My analysis

All elements being rather bullish, it would be possible for traders to only trade long positions (at the time of purchase) on BITCOIN - BTC/USD as long as the price remains well above 103,569.47 USD. The buyers' bullish objective is set at 105,911.53 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 107,424.88 USD. If there is any crossing, the next objective would be the resistance located at 109,766.94 USD. Be careful, the short term currently seems to be losing momentum. Its reversal would lead to mitigation of the, bullish, basic trend. If you have another key point closer to the current price, it would be better to only trade long positions (at the time of purchase) above that key point.

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

3.6

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 105,504.70 USD. On the day, this instrument gained +1.06% with the lowest point at 103,303.46 USD and the highest point at 106,511.71 USD. The deviation from the price is +2.13% for the low point and -0.95% for the high point.

103,303.46

106,511.71

105,504.70

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

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

The Central Records scanner for higher/lower results shows the following items:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 15 min. shows an overall bullish trend. The signals given by moving averages are 64.29% bullish. This bullish trend is slowing down slightly given the slightly bullish signals of short-term moving averages. The Central Indicators scanner detects a bullish signal on moving averages that could impact this trend:

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : 15 minutes

Technical indicators are slightly bullish. There is therefore considerable uncertainty about the continuation of the increase.
The Central Indicators scanner found this result concerning these indicators:

SuperTrend indicator bullish reversal

Type : Bullish

Timeframe : 15 minutes

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

Near resistance of triangle

Type : Bearish

Timeframe : 15 minutes

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	99,008.00	100,506.41	101,939.21	105,504.70
Change (%)	-6.16%	-4.74%	-3.38%	-
Change	-6,496.70	-4,998.29	-3,565.49	-
Level	Intermediate	Intermediate	Intermediate	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98,200.71	99,714.06	102,056.12	103,569.47	105,911.53	107,424.88	109,766.94
Camarilla	103,337.95	103,691.37	104,044.78	104,398.19	104,751.60	105,105.02	105,458.43
Woodie	98,615.08	99,921.24	102,470.49	103,776.65	106,325.90	107,632.06	110,181.31
Fibonacci	99,714.06	101,186.82	102,096.70	103,569.47	105,042.23	105,952.11	107,424.88

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):	44.33
MACD (12,26,9):	-211.7500
Directional Movement:	-11.18
AROON (14):	-50.00
DEMA (21):	103,898.68
Parabolic SAR (0,02-0,02-0,2):	103,393.68
Elder Ray (13):	-41.14
Super Trend (3,10):	104,374.45
Zig ZAG (10):	104,139.08
VORTEX (21):	0.9000
Stochastique (14,3,5):	50.41
TEMA (21):	103,821.06
Williams %R (14):	-41.48
Chande Momentum Oscillator (20):	-234.58
Repulse (5,40,3):	0.3000
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	1.07

MA7:	101,345.71
MA20:	98,892.96
MA50:	89,493.60
MA100:	76,375.22
MAexp7:	104,057.47
MAexp20:	104,142.17
MAexp50:	104,282.08
MAexp100:	103,939.24
Price / MA7:	+4.10%
Price / MA20:	+6.69%
Price / MA50:	+17.89%
Price / MA100:	+38.14%
Price / MAexp7:	+1.39%
Price / MAexp20:	+1.31%
Price / MAexp50:	+1.17%
Price / MAexp100:	+1.51%

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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