Bitcoin Price Evolution 07.01.2021
by CSM TRADER
nº269
BTC price U $ 37,285.
BTC price on Braziliex R $ 199,944.
Price USD / BRL R $ 5.31.
Price EUR / BRL R $ 6.52.
Gold Price 1g R $ 326.23.
Good morning to all readers.
Bitcoin price follows an upward trend above the $ 36,760 price range.
The price of Bitcoin makes the latest historic high, reaching the price range of $ 37,700.
Bitcoin's price reached market value at $ 1 trillion for the first time.
The price of Bitcoin after yesterday's daily close had only positive developments, of course with small negative corrections just to get a boost and go making new historical tops until reaching $ 37,700.
Now at the time of writing the price of Bitcoin remains in the price range of $ 37,134.
It will be necessary for the Bitcoin price to stay at least above the $ 36,880 price range to continue its upward movement above $ 37,120 and thereby continue its consolidations being made above the $ 36,800 price areas. and $ 37,000 for the possible attempt at another new historic top above the $ 37,700 price range and thus the Bitcoin price will make yet another new historic top above the $ 38,000 price range.
On the other hand, if the Bitcoin price corrects negatively below the price range of $ 36,800 and $ 36,760, the disadvantages could extend below the price areas of $ 36,600 and $ 36,550.
In the case mentioned above, if the Bitcoin price gives continuity of negative corrections below the $ 36,500 price range, the possibilities for an EMA 50 (H1) search will be great and with that the Bitcoin price will be able to visit the areas of price of U $ 35,080 and U $ 34,880.
A good close of the daily was made above the price area of U $ 36,760.
For today, a good close would be above the price area of U $ 37,120 to give continuity to consolidations and developments above this price area.
Buyers remain in control of the situation with the Bitcoin price above the $ 36,000 price range.
Buyers managed to make yet another new historic top in the price of Bitcoin reaching the price range of $ 37,700.
It will be important for buyers to hold Bitcoin's price above the $ 36,500 and $ 35,800 price areas in order to continue positive developments towards the attempt at the newest historic top.
It appears that buyers are continuing with good consolidation above the $ 37,000 price range for yet another attempt to break above the historic top for the next few sessions; and with that the possibilities of advancing Bitcoin's price above the $ 38,000 price range may occur.
The buyers' next target appears to be the $ 40,000 price range.
It will be important for buyers to make a break at the very strong historical top so as not to form another top, as corrections there may be heavier below the price range of $ 37,200 and $ 37,120.
If buyers go to exhaustion to break the resistance formed in the $ 37,500 price range, the chances of sellers starting to get in control of the situation will be great.
In the case mentioned above, if sellers are able to gain control of the situation above the U $ 36,800 price range, the possibilities of creating more disadvantages below the U $ 36,600 and U $ 36,500 price range may occur and still extend below the $ 36,200 where buyers will have to stop sellers at any cost because below this price area the possibilities for advances below $ 35,800 may arise and even extend further down.
A daily close was made above the $ 36,760 price range.
For today, a good close would be above the price range of U $ 36,800 and U $ 37,000.
It follows buyers in an attempt to keep Bitcoin's price above the $ 37,000 price range and return developments above $ 37,220.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin today on Braziliex continues to evolve above the R $ 194,000 and R $ 196,000 price areas.
The Bitcoin price on Braziliex has made yet another new historic top in Brazil reaching the price range of R $ 200,000.
Now at the time of writing, the Bitcoin price on Braziliex follows the price range of R $ 199,990.
It will be important for the Bitcoin price on Braziliex that the continuation of consolidations above the R $ 196,600 and R $ 194,660 price areas, so that positive developments above the R $ 197,400 and R $ 198,000 price area continue to occur , and with that, the developments above the historical top made in Braziliex and in Brazil in the price area of R $ 200,000 may occur again and still extend above the price area of R $ 220,000.
If the Bitcoin price on Braziliex goes into exhaustion due to attempts to exceed the R $ 200,000 price range, the possibilities for a negative correction may arise, and extend below the R $ 198,400 price range. and R $ 197,600.
Buyers remain in complete control of the situation with the Bitcoin price on Braziliex and have even made a new historic top in the price range of R $ 200,000.
Buyers need to keep the Bitcoin price on Braziliex above the R $ 198,000 and R $ 197,000 price range in order not to start having the disadvantages created by sellers below these R $ 196,600 and R $ 195,200 price areas.
Follow the buyers on Braziliex in an attempt to add a new historic top above the R $ 200,000 price range where they can raise Bitcoin's price above the R $ 220,000 price range.
Resistances: R $ 199,994 // R $ 201,175 // R $ 202,938 // R $ 204,569.
Support: R $ 198,045 // R $ 196,370 // R $ 195,827 // R $ 193,240.
https://www.tradingview.com/x/e40GGvwO
Graph H4:
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
It will be important for the continuation of positive developments for the Bitcoin price that is above the EMA 5 (green line).
Bitcoin price appears to be in strong consolidation for yet another attempt at positive evolution above the historic top in the $ 37,700 price range.
If there is an evolution above U $ 37,700, the probabilities of developments above the price areas of U $ 38,000, U $ 38,120 and U $ 38,260 may arise quickly.
If the price of Bitcoin again fails to break the historic top, it could suffer negative corrections that could go below the price range of $ 37,500 and $ 37,260.
Buyers remain in control of the situation and want to seek a break from the historic top in the $ 37,700 price range.
Once the evolutions have been achieved, they will be able to continue above the price range of U $ 38,120.
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 $ 37,722 // U $ 38,238 // U $ 38,712 // U $ 39,145.
Support: U $ 36,836 // U $ 36,238 // U $ 35,557 // U $ 34,568.
https://www.tradingview.com/x/toawR9LS/
Graph H1:
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
Bitcoin's price is holding well above the $ 37,000 price range.
The price of the follows with good consolidations and developments above the price area of U $ 37,120 and with that the possibilities of an advance above the historical top may occur for the next sessions.
In the case mentioned above, it will be of utmost importance for the Bitcoin price to continue with good developments above the $ 37,000 and $ 37,120 price areas.
Now at the time of writing, the Bitcoin price has just broken through the resistance in the $ 37,500 price range and with that the developments above it may occur and still go in search of an advance above the $ 37,660 price range.
On the other hand, if the price of Bitcoin goes into exhaustion in breaking through the historic top or making a new top, the possibilities for negative advances below the $ 37,500 and $ 37,220 price areas may arise and may still extend below the $ 37,000.
Buyers remain in full control of the situation and have the Bitcoin price now at the time of writing in the $ 37,588 price area and it looks like they are strong enough to push the Bitcoin price above $ 37,660.
Buyers just can't go into exhaustion in continuing positive developments above the price range of $ 37,360 and $ 37,500 as they can let sellers take advantage and get in control of the situation, and with that, the possibilities for negative advances below the area and price of $ 37,220 may occur and extend below $ 37,000.
It follows buyers with the price of Bitcoin in an attempt to evolve above the $ 37,500 price range.
Resistances: U $ 37,839 // U $ 38,293 // U $ 38,766 // U $ 39,182.
Support: U $ 37,404 // U $ 37,007 // U $ 36,553 // U $ 36,042.
https://www.tradingview.com/x/Z8Kp0d9k/
Technical indicators: H1
RSI: The RSI at the BTC chart time H1 is at level 40 and has a bullish bias.
https://www.tradingview.com/x/s1HH0YA2/
MACD: The MACD at the BTC chart time is at the 819 positive level and with upward bias.
https://www.tradingview.com/x/8S1SlnJ3/
OBV: The OBV at the BTC H1 chart time is at the 481 level and has a bullish bias.
https://www.tradingview.com/x/MKZVSfc6/
Graph M5:
Bitcoin's price follows above BB's central line, above VWAP and above the Ichimoku Cloud.
Bitcoin's price has just made yet another new historic top in the $ 38,150 price range.
The price of Bitcoin needs to remain above the price areas of $ 37,660 and $ 37,700 in order to continue consolidations and thereby continue to evolve above $ 38,000.
It follows buyers in an attempt to get back up the $ 38,000 and $ 38,120 price range.
Resistances: U $ 38,028 // U $ 38,801 // U $ 38,348 // U $ 38,559.
Support: U $ 37,837 // U $ 37,657 // U $ 37,504 // U $ 37,261.
https://www.tradingview.com/x/xbUqSEpO/
BTC dominance 68.68%
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nº269
