BITCOIN - BTC/USD - 1H - Technical analysis published on 02/01/2025 (GMT)
- 75
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : IN PROGRESS...
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
22%
44%
33%
My opinion
Bearish under
My targets
()
()
My analysis
BITCOIN - BTC/USD is part of a very strong bearish trend. Traders may consider trading only short positions (for sale) as long as the price remains well below . The next support located at is the next bearish objective to target. A bearish break of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at . Below this support, sellers could then target . With the current pattern, you will need to monitor for possible bearish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bearish trend. Trying to profit from the purchase of these possible corrections may seem risky.
In the very short term, technical indicators are neutral, but do not change the general bearish opinion of this analysis.
Force
0
10
6.4
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This analysis was given by evilest_penguin. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USD price is 102,023.55 USD. On the day, this instrument lost -0.38% and was traded between 101,403.71 USD and 102,762.55 USD over the period. The price is currently at +0.61% from its lowest and -0.72% from its highest.101,403.71
102,762.55
102,023.55
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
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this 1H chart of BITCOIN - BTC/USD indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
An assessment of technical indicators does not currently provide any relevant information to suggest whether the signal given by the technical indicators is more bullish or bearish.
The Central Indicators scanner found this result concerning these indicators:
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Support of channel is broken
Type : Bearish
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 | 99,125.21 | 100,210.19 | 101,517.50 | 102,023.55 | 103,345.55 | 104,125.67 | 105,247.28 |
| Change (%) | -2.84% | -1.78% | -0.50% | - | +1.30% | +2.06% | +3.16% |
| Change | -2,898.34 | -1,813.36 | -506.05 | - | +1,322.00 | +2,102.12 | +3,223.73 |
| Level | Intermediate | Intermediate | Intermediate | - | Minor | 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 | 96,009.75 | 98,761.36 | 100,584.79 | 103,336.40 | 105,159.83 | 107,911.44 | 109,734.87 |
| Camarilla | 101,150.07 | 101,569.45 | 101,988.83 | 102,408.21 | 102,827.59 | 103,246.97 | 103,666.35 |
| Woodie | 95,545.65 | 98,529.32 | 100,120.69 | 103,104.36 | 104,695.73 | 107,679.40 | 109,270.77 |
| Fibonacci | 98,761.36 | 100,509.03 | 101,588.74 | 103,336.40 | 105,084.07 | 106,163.78 | 107,911.44 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 90,063.79 | 94,766.62 | 99,749.33 | 104,452.16 | 109,434.87 | 114,137.70 | 119,120.41 |
| Camarilla | 102,068.53 | 102,956.37 | 103,844.21 | 104,732.05 | 105,619.89 | 106,507.73 | 107,395.57 |
| Woodie | 90,203.74 | 94,836.59 | 99,889.28 | 104,522.13 | 109,574.82 | 114,207.67 | 119,260.36 |
| Fibonacci | 94,766.62 | 98,466.49 | 100,752.28 | 104,452.16 | 108,152.03 | 110,437.82 | 114,137.70 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71,450.13 | 80,340.46 | 91,374.33 | 100,264.66 | 111,298.53 | 120,188.86 | 131,222.73 |
| Camarilla | 96,929.06 | 98,755.44 | 100,581.83 | 102,408.21 | 104,234.60 | 106,060.98 | 107,887.37 |
| Woodie | 72,521.91 | 80,876.35 | 92,446.11 | 100,800.55 | 112,370.31 | 120,724.75 | 132,294.51 |
| Fibonacci | 80,340.46 | 87,951.50 | 92,653.61 | 100,264.66 | 107,875.70 | 112,577.81 | 120,188.86 |
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): | 37.81 | |
| MACD (12,26,9): | -507.0100 | |
| Directional Movement: | -12.87 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 101,691.58 | |
| Parabolic SAR (0,02-0,02-0,2): | 102,356.07 | |
| Elder Ray (13): | -308.18 | |
| Super Trend (3,10): | 103,118.20 | |
| Zig ZAG (10): | 101,820.62 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 41.52 | |
| TEMA (21): | 101,575.17 | |
| Williams %R (14): | -67.25 | |
| Chande Momentum Oscillator (20): | -604.63 | |
| Repulse (5,40,3): | -0.1400 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0800 | |
| Courbe Coppock: | 0.94 |
| MA7: | 102,673.99 | |
| MA20: | 102,271.22 | |
| MA50: | 99,300.01 | |
| MA100: | 93,315.64 | |
| MAexp7: | 101,974.15 | |
| MAexp20: | 102,393.51 | |
| MAexp50: | 103,094.68 | |
| MAexp100: | 103,298.59 | |
| Price / MA7: | -0.63% | |
| Price / MA20: | -0.24% | |
| Price / MA50: | +2.74% | |
| Price / MA100: | +9.33% | |
| Price / MAexp7: | +0.05% | |
| Price / MAexp20: | -0.36% | |
| Price / MAexp50: | -1.04% | |
| Price / MAexp100: | -1.23% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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