Bitcoin Price Evolution 06.01.2021

by CSM TRADER

 nº268

 BTC price U $ 34,520.

BTC price on Braziliex R $ 183,000.

Price USD / BRL R $ 5.28.

Price EUR / BRL R $ 6.51.

Gold Price 1g R $ 332.68.

Good morning to all readers.

Bitcoin price follows an upward trend above the $ 33,550 price range.

Bitcoin's price may still exceed the $ 40,000 price range.

The big companies that are investing heavily in massive Bitcoin purchases are eyeing the price areas of $ 45,000 and $ 50,000, as with this price the price of Bitcoin would reach a total market value of more or less 1 Trillion of dollars and so passing big companies.

As written in my previous Review, the price of Bitcoin would need to overcome the strong resistance in the $ 33,500 price area and that's what happened; and went beyond the $ 34,000 and making yet another new historic high, reaching the price range of $ 35,767.

The price of Bitcoin has made for some past sessions strong consolidations between the $ 33,440 and $ 34,120 price areas; and in 1 hour the price of Bitcoin was making yet another new historic top in the $ 35,767 price range.

Now at the time of writing the price of Bitcoin continues to correct in the price area of ​​$ 34,468.

It will be important for the Bitcoin price to stay above the $ 34,000 and $ 33,460 price range or above the EMA 20 (h1) so that possible developments back above the $ 35,000 and $ 35,120 price range can occur, and still surpass the new historic top in the price area of ​​U $ 35,767 and still being able to extend above U $ 36,120 and U $ 36,220.

For this to happen, the price of Bitcoin needs to remain above the price areas of U $ 33,500 and U $ 33,000 and still above EMA 50 (H1) so as not to miss the good consolidations that were made above the U $ 33,500 price area.

If the price of Bitcoin were to fall below the $ 33,500 and $ 33,220 price areas, the possibilities of disadvantages below the $ 33,080 and $ 33,000 could arise and still extend below the $ 32,780.

It will be of extreme importance for the Bitcoin price to stay above the EMA 20 and 50 (H1) for the next sessions for the Bitcoin price not to miss all the developments made above the $ 33,200.

A daily close was made above the $ 33,940 price range.

For today, a good daily close would be above the price range of U $ 34,220.

Buyers and sellers are still fighting to see who will take control of the situation as they are right on the center line of Bollinger Bands where buyers are in charge and sellers are under.

For now, at the time of writing, buyers are in control of the situation in the $ 33,900 price range.

Buyers will need a return with a Bitcoin price above the $ 34,000 and $ 34,120 price areas to move out of a risky area and end up losing control of the situation to sellers below $ 33,420.

Buyers need to stay back and consolidate the Bitcoin price above the $ 34,220 and $ 34,440 price areas, for possible positive developments to return above the $ 34,550 and $ 34,680 price area and thereby go looking for another test or even surpassing the historic top in the $ 35,767 price range.

On the other hand, if sellers are able to take control of the situation, they could create disadvantages that may extend below the price range of US $ 33,000 and US $ 32,620 and still be able to extend below EMA 100 (H1).

Follow the buyers in the fight with the sellers to see that it will be above or below the central line of BB.

It follows buyers in an attempt to keep Bitcoin's price above the $ 33,760 price range.

Bitcoin TODAY on Braziliex: H1

The Bitcoin price on Braziliex was able to remain in consolidations and positive developments above the price areas of R $ 163,000 and R $ 166,000 and with that the upward developments came.

Another new historic top was made at Braziliex and Brazil, reaching the price range of R $ 190,000; that's right 1 Bitcoin reached its maximum value (for now) on Braziliex worth R $ 190,000.

Now at the time of writing, the Bitcoin price on Braziliex remains in the price range of R $ 183,537.

If the Bitcoin price on Braziliex gives continuity to consolidations above the R $ 176,400 and R $ 180,000 price areas, positive developments above the R $ 184,600 and R $ 187,400 price areas may return and with that, the possibilities of one more test at the historical top in the price range of R $ 190,000 may arise and may still extend above R $ 192,200.

It will be important that the price of Bitcoin on Braziliex stays above the price range of R $ 173,400 in order not to start having possible disadvantages below this price area, and still being able to extend below the price areas of R $ 173.00 and R $ 172,400.

The price of Bitcoin on Braziliex and Brazil can still reach the price range of R $ 200,000.

It follows buyers in an attempt to keep Bitcoin's price above the R $ 180.00 price range.

Resistances: R $ 185,169 // R $ 190,020 // R $ 194,598 // R $ 198,168.

Support: R $ 180,031 // R $ 176,838 // R $ 174,274 // R $ 171,528.

https://www.tradingview.com/x/MxvxrvaW

 Graph: H4

Bitcoin price remains well above EMAs and above Ichimoku Cloud, but slightly below VWAP (purple line)

It will be necessary for the Bitcoin price to stay above EMA 5 for the next sessions so as not to have disadvantages below it which would take the Bitcoin price below the $ 33,420 price range.

Now at the time of writing the Bitcoin price is returning above the $ 34,300 price range after a correction that moved out of the $ 35,000 price range and even tested the $ 33,358 price range.

It will be necessary for the Bitcoin price for the next sessions to stay above the $ 33,400 and $ 33,200 price areas in order not to have major disadvantages below these price areas.

Buyers remain in full control of the situation with the Bitcoin price above the price range of $ 34,000 and with that the possibilities for consolidations and developments above $ 34,120 and $ 34,320 may occur again and even extend above the price areas of U $ 34,550 and U $ 34,660.

It will be extremely important for buyers to make a strong advance above the historic top in order not to make a double top, because then the market will not forgive and a much stronger correction may come.

It follows buyers in an attempt to evolve above the $ 34,260 price range.

The chart on H4 will follow the whole week to have a parameter of Bitcoin price evolution. Only resistance and support adjustments will be made.

Resistances: U $ 34,546 // U $ 35,126 // U $ 35,881 // U $ 36,547.

Support: U $ 34,015 // U $ 33,282 // U $ 32,705 // U $ 31,974.

https://www.tradingview.com/x/Yd6hJlgv/

Graph H1:

The price of Bitcoin remains above the EMAs 100, 50 and 20 and above the Ichimoku Cloud, but just below the EMA 5 and below the VWAP, where it should leave above these to continue positive developments above the areas of price of U $ 34,550 and U $ 34,680.

It will be extremely important for the Bitcoin price to stay above the $ 34,000m price range for the next sessions so as not to start having the disadvantages below this price area.

The Bitcoin price needs to maintain its consolidations and positive developments above the $ 34,120 and $ 34,200 price areas in order to strengthen and as a result positive developments above the $ 34,340 and $ 34,480 price areas may arise and still extend above $ 34,680.

Buyers remain in control of the situation and are attempting to consolidate above the $ 34,200 price range which will be very good for further developments above $ 34,460.

On the other hand, if buyers go into exhaustion from attempts to exceed the $ 34,550 and $ 34,600 price range, they can hand the situation over to sellers who can create disadvantages below the $ 34,120 and U price areas. $ 34,000.

Follows buyers on developments above the $ 34,460 price range.

Resistances: U $ 34,485 // U $ 34,794 // U $ 35,133 // U $ 35,462.

Support: U $ 34,165 // U $ 33,827 // U $ 33,527 // U $ 33,140.

https://www.tradingview.com/x/6JJAt9Av/

Technical indicators: H1

RSI: The RSI at the BTC H1 chart time is at level 8 and has a bullish bias.

https://www.tradingview.com/x/IPj0nMk2/

MACD: The MACD at the BTC chart time is at the positive level 632 and with a downward bias.

https://www.tradingview.com/x/hGs7IcKj/

OBV: The OBV at the BTC H1 chart time is at level 449 and has a bullish bias.

https://www.tradingview.com/x/E4CrL0mf/

Graph M5:

The price of Bitcoin remains above the BB's central line and above the VWAP, but still within the Ichimoku Cloud from where it should leave for positive developments above the $ 34,800 price area.

Buyers remain in complete control of the situation and with excellent advances above $ 34,200.

It will take a quick break for buyers at the historic top not to allow a double top to form.

It follows buyers with positive developments above the $ 34,760 price range.

Resistances: U $ 34,814 // U $ 35,039 // U $ 35,257 // U $ 35,490.

Supports: U $ 34,436 // U $ 33,202 // U $ 33,904 // U $ 33,607.

https://www.tradingview.com/x/13EnQgSH/

BTC dominance 69.67%

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nº268