BITCOIN - BTC/USD - Daily - Technical analysis published on 12/29/2024 (GMT)
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Summary of the analysis
Trends
Short term:
Bearish
Underlying:
Bullish
Technical indicators
22%
44%
33%
My opinion
Bullish above
My targets
()
()
My analysis
With a bullish background trend, the price of BITCOIN - BTC/USD is trying to inflate a little with a slight short-term relapse. At this stage, no trend reversal is in sight. Globally, buyers have the upper hand. Traders could allow themselves to trade long positions (at the time of purchase) as long as the price remains above the support located at . A bullish break in the resistance located at would boost the bullish momentum and fuel the basic trend. Then the price could move towards . PS: if there is a bearish break in the support located at we suggest that you produce a new automated technical analysis. In fact, conditions should have changed. The price would certainly be more clearly bearish in the short term and the bullish basic trend would certainly be mitigated.
Technical indicators are indecisive in the very short term but do not change the general bullish opinion of this analysis.
Force
0
10
0.7
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This analysis was given by Anaya121. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD rating is 93,686.87 USD. The price is lower by -1.53% since the last closing and was between 93,207.46 USD and 95,196.99 USD. This implies that the price is at +0.51% from its lowest and at -1.59% from its highest.93,207.46
95,196.99
93,686.87
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:
New LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is bullish. 67.86% of the signals given by moving averages are bullish. Caution: the current slightly bearish signals from short-term moving averages indicate that the overall trend may be slowing down. The Central Indicators market scanner is currently detecting several bearish signals that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
Bearish price crossover with Moving Average 50
Type : Bearish
Timeframe : Daily
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 6 are neutral and 8 are bearish. Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
MACD indicator is back under 0
Type : Bearish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Near support of channel
Type : Bullish
Timeframe : Daily
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 engulfing lines
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 67,552.80 | 73,118.00 | 91,902.37 | 93,686.87 | 96,657.91 | 106,144.09 |
| Change (%) | -27.90% | -21.95% | -1.90% | - | +3.17% | +13.30% |
| Change | -26,134.07 | -20,568.87 | -1,784.50 | - | +2,971.04 | +12,457.22 |
| Level | Major | Major | 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 | 92,738.98 | 93,374.50 | 94,257.29 | 94,892.81 | 95,775.60 | 96,411.12 | 97,293.91 |
| Camarilla | 94,722.56 | 94,861.73 | 95,000.91 | 95,140.09 | 95,279.27 | 95,418.45 | 95,557.63 |
| Woodie | 92,862.63 | 93,436.32 | 94,380.94 | 94,954.63 | 95,899.25 | 96,472.94 | 97,417.56 |
| Fibonacci | 93,374.50 | 93,954.49 | 94,312.81 | 94,892.81 | 95,472.80 | 95,831.12 | 96,411.12 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 84,237.31 | 88,315.19 | 91,727.64 | 95,805.52 | 99,217.97 | 103,295.85 | 106,708.30 |
| Camarilla | 93,080.25 | 93,766.86 | 94,453.48 | 95,140.09 | 95,826.70 | 96,513.32 | 97,199.93 |
| Woodie | 83,904.60 | 88,148.83 | 91,394.93 | 95,639.16 | 98,885.26 | 103,129.49 | 106,375.59 |
| Fibonacci | 88,315.19 | 91,176.50 | 92,944.21 | 95,805.52 | 98,666.83 | 100,434.54 | 103,295.85 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 58,883.06 | 67,715.05 | 82,094.05 | 90,926.04 | 105,305.04 | 114,137.03 | 128,516.03 |
| Camarilla | 90,090.02 | 92,217.69 | 94,345.37 | 96,473.04 | 98,600.71 | 100,728.39 | 102,856.06 |
| Woodie | 61,656.56 | 69,101.80 | 84,867.55 | 92,312.79 | 108,078.54 | 115,523.78 | 131,289.53 |
| Fibonacci | 67,715.05 | 76,581.65 | 82,059.45 | 90,926.04 | 99,792.64 | 105,270.44 | 114,137.03 |
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): | 43.28 | |
| MACD (12,26,9): | -252.6000 | |
| Directional Movement: | -10.24 | |
| AROON (14): | -21.42 | |
| DEMA (21): | 97,567.34 | |
| Parabolic SAR (0,02-0,02-0,2): | 103,190.84 | |
| Elder Ray (13): | -2,586.17 | |
| Super Trend (3,10): | 105,540.86 | |
| Zig ZAG (10): | 93,700.97 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 13.39 | |
| TEMA (21): | 94,655.77 | |
| Williams %R (14): | -90.60 | |
| Chande Momentum Oscillator (20): | -12,431.80 | |
| Repulse (5,40,3): | -2.7700 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 11.85 |
| MA7: | 95,924.61 | |
| MA20: | 98,820.28 | |
| MA50: | 96,145.61 | |
| MA100: | 81,335.22 | |
| MAexp7: | 95,677.90 | |
| MAexp20: | 97,178.06 | |
| MAexp50: | 93,244.36 | |
| MAexp100: | 85,213.28 | |
| Price / MA7: | -2.33% | |
| Price / MA20: | -5.19% | |
| Price / MA50: | -2.56% | |
| Price / MA100: | +15.19% | |
| Price / MAexp7: | -2.08% | |
| Price / MAexp20: | -3.59% | |
| Price / MAexp50: | +0.47% | |
| Price / MAexp100: | +9.94% |
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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