BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

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

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 12/16/2024 (GMT)

Timeframe : 1H
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

44%

My opinion

Bullish above

My targets

()

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 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

7.5

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 106,026.76 USD. The price registered an increase of +1.56% on the session and was traded between 103,303.46 USD and 107,813.84 USD over the period. The price is currently at +2.64% from its lowest and -1.66% from its highest.

103,303.46

107,813.84

106,026.76

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

A study of price movements over other periods shows the following variations:

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

A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 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 scanner does not detect any result on moving averages that would impact this trend.

In fact, only 9 technical indicators out of 18 studied are currently positioned bullish. Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

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

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	99,008.00	100,506.41	101,939.21	106,026.76
Change (%)	-6.62%	-5.21%	-3.86%	-
Change	-7,018.76	-5,520.35	-4,087.55	-
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	98,200.71	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):	57.79
MACD (12,26,9):	689.8100
Directional Movement:	12.01
AROON (14):	42.86
DEMA (21):	106,395.39
Parabolic SAR (0,02-0,02-0,2):	105,128.47
Elder Ray (13):	73.42
Super Trend (3,10):	104,858.51
Zig ZAG (10):	105,934.45
VORTEX (21):	1.0800
Stochastique (14,3,5):	58.39
TEMA (21):	106,462.32
Williams %R (14):	-40.58
Chande Momentum Oscillator (20):	2,256.06
Repulse (5,40,3):	-0.2000
ROCnROLL:	1
TRIX (15,9):	0.1000
Courbe Coppock:	3.16

MA7:	101,559.79
MA20:	98,989.88
MA50:	89,532.87
MA100:	76,393.53
MAexp7:	105,990.11
MAexp20:	105,428.05
MAexp50:	104,174.66
MAexp100:	102,886.58
Price / MA7:	+4.40%
Price / MA20:	+7.11%
Price / MA50:	+18.42%
Price / MA100:	+38.79%
Price / MAexp7:	+0.04%
Price / MAexp20:	+0.58%
Price / MAexp50:	+1.79%
Price / MAexp100:	+3.06%

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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