BITCOIN - BTC/USD

- USD (-)

- Real time data - CoinMarketCap

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Change:	-
Volume:	-

Low:	-
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High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 02/02/2025 (GMT)

Timeframe : 15 min.
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Neutral

Underlying: Strongly bearish

Technical indicators

61%

33%

My opinion

Bearish under 101,217.59 USD

My targets

98,725.26 USD (-0.30%)

97,180.29 USD (-1.86%)

My analysis

The basic trend is very bearish on BITCOIN - BTC/USD but buyers need to catch their breath in the short term. In a case like this, you could favour trades in the direction of the trend on BITCOIN - BTC/USD. As long as you stay below the resistance 101,217.59 USD, sellers' retain the upper hand. A break in the support at 98,725.26 USD would be a signal that the basic trend will reverse. Sellers would then use the next support located at 97,180.29 USD as an objective. Crossing it would then enable sellers to target 92,484.84 USD. If the price were to depress the resistance 101,217.59 USD in the short term, this would be a sign of possible consolidation in the short term, but against the trend trading would then perhaps be more risky. On the other hand, we could expect signals of a reversal of the trend.

In the very short term, the general bearish opinion of this analysis is in opposition with technical indicators. As long as the invalidation level of this analysis is not breached, the bearish direction is still favored, however the current short term correction should be carefully watched.

Force

2.5

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 99,024.45 USD. On the day, this instrument lost -1.59% and was traded between 98,125.57 USD and 101,436.60 USD over the period. The price is currently at +0.92% from its lowest and -2.38% from its highest.

98,125.57

101,436.60

99,024.45

A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Bearish opening

Type : Bearish

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:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

A technical analysis in 15 min. of this BITCOIN - BTC/USD chart shows a sharp bearish trend. 82.14% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the strongly bearish trend is showing signs of running out of steam. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is under support 1

Type : Neutral

Timeframe : 15 minutes

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back under 0

Type : Bearish

Timeframe : 15 minutes

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near support of channel

Type : Bullish

Timeframe : 15 minutes

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	67,552.80	92,484.84	97,705.02	99,024.45	99,125.21	100,210.19	101,517.50
Change (%)	-31.78%	-6.60%	-1.33%	-	+0.10%	+1.20%	+2.52%
Change	-31,471.65	-6,539.61	-1,319.43	-	+100.76	+1,185.74	+2,493.05
Level	Major	Major	Intermediate	-	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	97,180.29	98,725.26	99,672.62	101,217.59	102,164.95	103,709.92	104,657.28
Camarilla	99,934.60	100,163.06	100,391.53	100,619.99	100,848.45	101,076.92	101,305.38
Woodie	96,881.50	98,575.86	99,373.83	101,068.19	101,866.16	103,560.52	104,358.49
Fibonacci	98,725.26	99,677.33	100,265.52	101,217.59	102,169.66	102,757.85	103,709.92

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87,989.71	92,847.36	96,733.68	101,591.33	105,477.65	110,335.30	114,221.62
Camarilla	98,215.40	99,016.93	99,818.46	100,619.99	101,421.52	102,223.05	103,024.58
Woodie	87,504.04	92,604.53	96,248.01	101,348.50	104,991.98	110,092.47	113,735.95
Fibonacci	92,847.36	96,187.56	98,251.14	101,591.33	104,931.53	106,995.11	110,335.30

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):	48.27
MACD (12,26,9):	-132.2900
Directional Movement:	-6.81
AROON (14):	50.00
DEMA (21):	98,871.07
Parabolic SAR (0,02-0,02-0,2):	98,536.86
Elder Ray (13):	89.89
Super Trend (3,10):	99,450.65
Zig ZAG (10):	99,086.19
VORTEX (21):	0.9300
Stochastique (14,3,5):	84.95
TEMA (21):	99,003.23
Williams %R (14):	-23.52
Chande Momentum Oscillator (20):	4.48
Repulse (5,40,3):	0.0100
ROCnROLL:	-1
TRIX (15,9):	-0.0300
Courbe Coppock:	0.10

MA7:	101,987.79
MA20:	102,443.75
MA50:	99,230.81
MA100:	93,629.19
MAexp7:	99,081.62
MAexp20:	99,112.02
MAexp50:	99,562.20
MAexp100:	100,295.99
Price / MA7:	-2.91%
Price / MA20:	-3.34%
Price / MA50:	-0.21%
Price / MA100:	+5.76%
Price / MAexp7:	-0.06%
Price / MAexp20:	-0.09%
Price / MAexp50:	-0.54%
Price / MAexp100:	-1.27%

Quotes : - Real time data - CoinMarketCap

This member declared not having a position on this financial instrument or a related financial instrument.

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