BITCOIN - BTC/USD - 1H - Technical analysis published on 12/27/2024 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : NEUTRAL
Summary of the analysis
Trends
Short term:
Bullish
Underlying:
Slightly bearish
Technical indicators
67%
0%
33%
My opinion
Neutral between 95,123.61 USD and 98,054.53 USD
My targets
-
My analysis
The short-term increase on BITCOIN - BTC/USD remains moderate but could challenge the slightly bearish basic trend. It is difficult to advise a trading direction under these conditions. The first resistance is located at 98,054.53 USD. The first support is located at 95,123.61 USD. You could remain on the sidelines waiting for a more pronounced price movement on this instrument. A new analysis could then be carried out to provide clearer signals.
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.
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 Bibi. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 96,802.75 USD. The price registered an increase of +1.17% on the session and was between 94,572.41 USD and 97,318.05 USD. This implies that the price is at +2.36% from its lowest and at -0.53% from its highest.94,572.41
97,318.05
96,802.75
The Central Gaps scanner detects a bearish opening. A small advantage for sellers 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:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USD chart shows a slightly bearish trend. Only 50.00% of the signals given by moving averages are bearish. This slightly bearish trend could turn neutral or reverse given the slightly bullish signals currently being given by short-term moving averages. The Central Indicators market scanner is currently detecting a bearish signal that could impact this trend:
Bearish price crossover with Moving Average 100
Type : Bearish
Timeframe : 1 hour
In fact, 12 technical indicators on 18 studied are currently bullish. No additional result has been identified by Central Indicators, the scanner specialised in technical indicators.
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near resistance of channel
Type : Bearish
Timeframe : 1 hour
Near support of triangle
Type : Bullish
Timeframe : 1 hour
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of these bullish patterns in Japanese candlesticks:
Bullish harami
Type : Bullish
Timeframe : 1 hour
Bullish harami cross
Type : Bullish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 93,654.74 | 95,123.61 | 96,657.91 | 96,802.75 | 98,054.53 | 99,483.32 | 102,750.84 |
| Change (%) | -3.25% | -1.73% | -0.15% | - | +1.29% | +2.77% | +6.14% |
| Change | -3,148.01 | -1,679.14 | -144.84 | - | +1,251.78 | +2,680.57 | +5,948.09 |
| Level | Minor | Intermediate | Intermediate | - | Minor | Major | Minor |
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 | 89,116.60 | 92,110.58 | 93,895.44 | 96,889.42 | 98,674.28 | 101,668.26 | 103,453.12 |
| Camarilla | 94,366.12 | 94,804.18 | 95,242.24 | 95,680.30 | 96,118.36 | 96,556.42 | 96,994.48 |
| Woodie | 88,512.04 | 91,808.30 | 93,290.88 | 96,587.14 | 98,069.72 | 101,365.98 | 102,848.56 |
| Fibonacci | 92,110.58 | 93,936.10 | 95,063.90 | 96,889.42 | 98,714.94 | 99,842.74 | 101,668.26 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 73,953.94 | 83,055.34 | 90,142.41 | 99,243.81 | 106,330.88 | 115,432.28 | 122,519.35 |
| Camarilla | 92,777.66 | 94,261.60 | 95,745.55 | 97,229.49 | 98,713.43 | 100,197.38 | 101,681.32 |
| Woodie | 72,946.79 | 82,551.76 | 89,135.26 | 98,740.23 | 105,323.73 | 114,928.70 | 121,512.20 |
| Fibonacci | 83,055.34 | 89,239.33 | 93,059.81 | 99,243.81 | 105,427.80 | 109,248.28 | 115,432.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 57,404.34 | 66,532.08 | 81,502.56 | 90,630.30 | 105,600.78 | 114,728.52 | 129,699.00 |
| Camarilla | 89,846.03 | 92,055.03 | 94,264.04 | 96,473.04 | 98,682.04 | 100,891.05 | 103,100.05 |
| Woodie | 60,325.71 | 67,992.77 | 84,423.93 | 92,090.99 | 108,522.15 | 116,189.21 | 132,620.37 |
| Fibonacci | 66,532.08 | 75,737.60 | 81,424.78 | 90,630.30 | 99,835.82 | 105,523.00 | 114,728.52 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 52.59 | |
| MACD (12,26,9): | -121.0200 | |
| Directional Movement: | -1.06 | |
| AROON (14): | 14.28 | |
| DEMA (21): | 95,907.53 | |
| Parabolic SAR (0,02-0,02-0,2): | 94,681.13 | |
| Elder Ray (13): | 307.25 | |
| Super Trend (3,10): | 97,397.22 | |
| Zig ZAG (10): | 96,406.97 | |
| VORTEX (21): | 1.0800 | |
| Stochastique (14,3,5): | 69.64 | |
| TEMA (21): | 96,064.44 | |
| Williams %R (14): | -32.27 | |
| Chande Momentum Oscillator (20): | 734.55 | |
| Repulse (5,40,3): | 0.2600 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.0500 | |
| Courbe Coppock: | 0.88 |
| MA7: | 96,732.15 | |
| MA20: | 99,419.43 | |
| MA50: | 95,479.66 | |
| MA100: | 80,730.84 | |
| MAexp7: | 96,193.51 | |
| MAexp20: | 96,152.11 | |
| MAexp50: | 96,513.73 | |
| MAexp100: | 96,824.36 | |
| Price / MA7: | +0.07% | |
| Price / MA20: | -2.63% | |
| Price / MA50: | +1.39% | |
| Price / MA100: | +19.91% | |
| Price / MAexp7: | +0.63% | |
| Price / MAexp20: | +0.68% | |
| Price / MAexp50: | +0.30% | |
| Price / MAexp100: | -0.02% |
Quotes :
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Real time data
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Cryptocompare
This member declared not having a position on this financial instrument or a related financial instrument.
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