Bitcoin Price Evolution 08.01.2021

by CSM TRADER

 nº270

 BTC price U $ 38,580.

BTC price on Braziliex R $ 214,465.

Price USD / BRL R $ 5.41.

Price EUR / BRL R $ 6.61.

Gold Price 1g R $ 328.57.

Good morning to all readers.

Bitcoin price follows an upward trend above the $ 36,400 price range.

The Bitcoin price made yet another historic high in the $ 40,365 price range.

After the new ATH, the Bitcoin price tried to re-test the $ 40,000 price range, but it failed twice and started a strong correction that went up to the $ 36,499 price range; made a double fund and returned to advance positively above the asking areas of U $ 37,000 and U $ 38,000.

Now at the time of writing the price of Bitcoin remains in the price range of $ 38,920.

It will be important for the Bitcoin price to continue consolidations and positive developments above the $ 38,320 price range for possible developments above the $ 39,000 and $ 39,440 price range for the next sessions.

The price of Bitcoin may be looking for yet another test over the $ 40,000 price range and with that, attempts to advance above the new ATH in the $ 40,365 price range may come up again and overtake this area. price above $ 40,550 may take place.

On the other hand, if the price of Bitcoin fails to overcome the resistance in the price range of U $ 39,500 and U $ 39,860, the disadvantages below the U $ 39,320 and U $ 39,120 price range may arise and still extend below U $ 39,000 again.

A daily close was made above the price range of $ 39,410.

For today, a good close would be above the price range of U $ 39,550.

Buyers made yet another historic high with the price of Bitcoin, reaching the price range of $ 40,365.

Buyers tried to get back above $ 40,000, but failed; and with that, the sellers got in control of the situation and started creating disadvantages below the $ 39,500 and $ 39,000 price areas.

In the case mentioned above, sellers gained more strength below the $ 38,700 price range and continued negative developments below the $ 38,000 and $ 37,000 price range reaching the $ 36,499 price range where buyers managed to regain control of the situation and remain so far, above $ 38,000

Now at the time of writing, buyers are making positive progress and are back in control of the situation above the $ 39,500 price point.

It will be extremely important for buyers to see these developments and consolidations above the $ 39,500 price range for the possible return of trying to advance above the $ 40,000 price range again.

In the case mentioned above, it will be extremely important for buyers to make a well-consolidated advance above the price range of U $ 39,880 and U $ 39,940 in order not to go into exhaustion by trying again, and with that, give chances for sellers to re-enter the market. control of the situation and thus begin to create the disadvantages that may extend below the price areas of U $ 39,500 and U $ 39,320.

A daily close was made above the $ 39,410 price range.

For today, a daily close above the $ 39,550 price range would be a good thing.

It follows buyers in an attempt to evolve above the $ 39,550 and $ 39,680 price ranges.

Bitcoin TODAY on Braziliex: H1

The price of Bitcoin today on Braziliex follows a tin trend above the price range of R $ 199,000.

Another new historic increase was made in the price of Bitcoin in Braziliex and in Brazil in the price area of ​​R $ 219,998.

Now at the time of writing, the Bitcoin price on Braziliex follows the price range of R $ 215,700.

The Bitcoin price on Braziliex needs to stay above the R $ 198,600 and R $ 200,200 price areas in order to continue positive developments above the R $ 204,000 and R $ 208,400 price areas and thus attempts at a new ATH in Braziliex and in Brazil they may appear above the price range of R $ 220.00 and R $ 226,000.

The Bitcoin price on Braziliex needs to remain above the R $ 198,600 price range for the next sessions in order to not have disadvantages below this price area and start to fall below the R $ 198,000 price area.

There is a psychological search in the price range of R $ 250,000; that is likely to occur.

Buyers on Braziliex remain in complete control of the situation above the price range of R $ 200,000.

Buyers on Braziliex made yet another historic high in the price range of R $ 219,998.

Now at the time of writing, buyers on Braziliex continue with the price of Bitcoin in the price range of R $ 215,700.

It will be of utmost importance for buyers on Braziliex who are not exhausted to advance above the price point of R $ 220,000, as they would provide opportunities for sellers to get in control of the situation and thereby create disadvantages that could reach below the price areas. R $ 208,500 and R $ 207,200 and still extend below U $ 205,600.

It follows buyers on Braziliex in an attempt to evolve above the price range of R $ 217,400.

Resistances: R $ 220,114 // R $ 221,786 // R $ 223,781 // R $ 225,668.

Support: R $ 215,898 // R $ 213,525 // R $ 211,314 // R $ 208,387.

https://www.tradingview.com/x/XmbJ4uB3

 Graph H4:

Bitcoin's price follows above EMAS, above VWAP and above the Ichimoku Cloud.

Bitcoin's price now at the time of writing once again a new historic top in the $ 41,059 price range.

The price of Bitcoin is expected to continue for the next sessions of making more new tops if it stays above the $ 40,000 price range.

It will now be important for Bitcoin price consolidations above the $ 40,120 price range; so as not to have the disadvantages below it.

In the case mentioned above, if the price of Bitcoin for the next sessions goes above the $ 40,000 price range, the possibilities of advancing above the last ATH in the $ 41,059 price range. it may occur and still advance above the price range of U $ 41,220 and U $ 41,320.

Buyers remain in control of the situation and will either seek to break the new ATH for the next sessions.

If sellers are in control of the situation for a moment, they can create disadvantages that can reach the price point of US $ 40,440 where buyers will have to bar sellers to have no more disadvantages below this price area and may extend below $ 40,320.

Buyers will have to keep the Bitcoin price above the $ 40,000 price range for the next sessions in order to make good progress above $ 40,800.

Follow buyers with the price of Bitcoin in the price range of $ 40,800 and will continue to try to top the price range of $ 41,000 and $ 41,220.

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 $ 41,081 // U $ 41,621 // U $ 42,075 // U $ 42,680.

Support: U $ 40,367 // U $ 39,698 // U $ 39,028 // U $ 38,185.

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

Graph H1:

Bitcoin's price remains above the EMAs and well above the Ichimoku Cloud.

Bitcoin's price has just made yet another historic high in the $ 41,500 price range.

Bitcoin price is expected to try to advance above this new ATH in the $ 41,500 price range.

It will be necessary for the Bitcoin price to stay at least above the $ 41,000 and $ 40,880 price range to continue bullish and with positive advances above the $ 41,500, $ 42,000 and $ $ price areas 42,220.

Buyers are in consolidations with the Bitcoin price above the $ 41,200 price area and want to look for more new ATH for the next sessions.

In the case mentioned above, buyers will have to keep Bitcoin's price at least above the $ 41,000 price range in order not to start having disadvantages with sellers below the $ 40,880 and $ 40,660 price areas.

It follows buyers in an attempt to develop and consolidate above the $ 41,120 price range.

Resistances: U $ 41,428 // U $ 41,941 // U $ 42,331 // U $ 42,684.

Support: U $ 41,013 // U $ 40,541 // U $ 40,159 // U $ 39,639.

https://www.tradingview.com/x/TcYxh85T/

Technical indicators: H1

RSI: The RSI at the BTC chart time H1 is at level 75 and has a bullish bias.

https://www.tradingview.com/x/ru6OPpBN/

MACD: The MACD at the BTC chart time is at the 669 positive level and with an upward bias.

https://www.tradingview.com/x/oq20MISp/

OBV: The OBV in the BTC H1 chart time is at level 519 and has a bullish bias.

https://www.tradingview.com/x/KQ39V5vG/

Graph M5:

Bitcoin's price follows above VWAP and above BB's central line.

It will be necessary for the Bitcoin price to remain above the $ 40,500 price area in the short term for the evolution rounds above the $ 41,200 and $ 41,400 price areas.

It follows buyers in an attempt to evolve above the $ 41,000 price range.

Resistances: U $ 41,207 // U $ 41,425 // U $ 41,669 // U $ 41,933.

Supports: U $ 40,727 // U $ 40,359 // U $ 39,992 // U $ 39,625.

https://www.tradingview.com/x/yA3NlMfy/

BTC dominance 70.42%

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nº270