Bitcoin Price Evolution Analysis 02.12.2020

by CSM TRADER

 nº244

 BTC price U $ 19,170.

BTC price on Braziliex R $ 100,770.

Price USD / BRL R $ 5.20.

Price EUR / BRL R $ 6.27.

Gold Price 1g R $ 307.23.

Good morning to all readers.

Bitcoin's price has returned to an upward trend since it is above the $ 19,060 and $ 19,000 price range.

The price of Bitcoin a few past sessions has tested the price range of $ 19,891 and thereby making it its biggest historical high to date at the time of writing.

After reaching US $ 19,891 there was an eviction that reached the price area of ​​US $ 18,000 and with that the price of Bitcoin was in consolidations between the price areas of US $ 18,600 and U $ 18,990 and doing some evolution tests above the $ 19,180 price range, but to no avail.

Now at the time of writing, Bitcoin's price remains above the $ 19,040 price range.

The price of Bitcoin needs to be maintained for the next sessions above the $ 18,880 price area for consolidations to take place above the $ 19,000 and $ 19,120 price areas, and with that the possibilities for advances above the resistance that it has already been supported in the price range of U $ 19,200 and U $ 19,350 may be broken again and with that the possibilities for advances above the price area of ​​U $ 19,500 and U $ 19,560 may occur.

On the other hand, if the price of Bitcoin fails to overcome the resistance of $ 19,200 and $ 19,350 the possibilities of a return below the price area of ​​$ 18,880 may occur and even extend to the price area of ​​$ 18,600 where below this price area the disadvantages may be much greater.

A daily close was made in the price range of U $ 18,760.

Today, a good daily close would be above the $ 19,000 price range.

Buyers are back in control as long as they stay above the $ 18,880 and $ 19,000 price range.

Buyers have returned to positive advances above the $ 19,000 price range and will thus be able to look for an advance above the $ 19,350 price range for the next sessions.

This advance of buyers above U $ 19,200 and U $ 19,350 will be very important to leave a risk area below U $ 19,100, where they may suffer more disadvantages under U $ 19,000.

If sellers are able to create the disadvantages below the $ 19,000 price range again, these disadvantages could extend again below the $ 18,800 price area and as a result it will be of utmost importance for buyers to bar sellers above it no longer suffer disadvantages below $ 18,680.

Only a move by buyers above the $ 19,360 price range and consolidations above, can free them from further disadvantages.

A daily close was made above the $ 18,760 price range.

Today, a good closing by buyers would be above the $ 19,000 price range.

It follows buyers in the difficulty of holding Bitcoin's price above the $ 19,060 price range.

Bitcoin TODAY on Braziliex: H1

Bitcoin's price today on Braziliex remains above the price range of R $ 98,600.

The price of Bitcoin on Braziliex now at the time of writing, is in the area of ​​R $ 100,770 and needs to continue positive developments above the price area of ​​R $ 101,200 for the next sessions, and with that, the consolidations above it will occur, and the developments may appear above R $ 102,500 again.

If buyers are unable to return with the Bitcoin price on Braziliex above the price range of R $ 101,000 and R $ 102,200 for the next sessions, the disadvantages created by the sellers may arise and with that they may extend from below R $ 100,000 , where it will be extremely important for buyers to bar sellers above the R $ 99,400 price range so that they no longer have disadvantages below this price area.

It follows buyers in an attempt to evolve above the price range of R $ 101,000.

Resistances: R $ 101,074 // R $ 102,131 // R $ 103,007 // R $ 104,137.

Support: R $ 99,958 // R $ 98,718 // R $ 97,587 // R $ 96,347.

RSI: It is at level 36 and with an upward bias.

https://www.tradingview.com/x/w5rdRHon

Graph: H4

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

Bitcoin's price seems to be struggling to make advances above the $ 19,200 price range; but it is still above EMA 5 and as a result positive developments above $ 19,200 may occur.

This evolution above the price range of the $ 19,200 will be important for the next sessions so that the price of Bitcoin consolidates above it and with that the developments above the price area of ​​the $ 19,350 may appear in the next sessions.

If the price of Bitcoin fails to overcome the resistance of $ 19,200, the disadvantages could arise and thereby extend to the price area of ​​$ 19,040 or even below $ 18,960.

Buyers need this breakthrough above the $ 19,200 price range in order not to fall into exhaustion from attempts and lose control of the situation and as a result, sellers may create further disadvantages below $ 19,000.

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 $ 19,222 // U $ 19,496 // U $ 19,739 // U $ 19,891.

Support: U $ 18,971 // U $ 18,773 // U $ 18,507 // U $ 18,210.

https://www.tradingview.com/x/cgP46tMy/

Graph: H1

Bitcoin's price remains above the EMAs, however it is still within the Ichimoku Cloud and is expected to leave above it to continue positive developments above the $ 19,200 and $ 19,350 price areas.

It will be necessary for the Bitcoin price to be above the EMA 50 and 100 to not have major disadvantages below them; mainly below the EMA 100 that there the price of Bitcoin will be able to visit the price area of ​​U $ 18,500 or even below.

A breakthrough above the Ichimoku Cloud could reverse the situation and as a result positive developments will emerge during the sessions and may even extend above the $ 19,420 price range with possible tests in the $ 19,500 price range or even even above.

Buyers continue to struggle with advances above the price range of $ 19,120 and $ 19,200.

It will be extremely important for this advance of the buyers in the short term above the price area of ​​U $ 19,200 to avoid being exhausted by attempts, and with that, the sellers will be able to take advantage and get in control of the situation and thus being able to create the disadvantages below the price range of $ 19,000.

Buyers need an evolution above $ 19,200 to move out of a risk area of ​​possible disadvantages below it.

It follows buyers in an attempt to evolve above the price range of $ 19,180 and $ 19,200.

Resistances: U $ 19,195 // U $ 19,296 // U $ 19,390 // U $ 19,503.

Support: U $ 19,064 // U $ 18,927 // U $ 18,814 // U $ 18,673.

https://www.tradingview.com/x/jK4q8WKm/

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at level 85 and with a small bearish bias.

https://www.tradingview.com/x/Ri6aEmCn/

MACD: The MACD at the BTC chart time is at -5 level with upward bias.

https://www.tradingview.com/x/8VaxggWD/

OBV: The OBV at the BTC chart time H1 is at level 178 and stabilized.

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

 Graph: M5

Bitcoin's price remains above the VWAP and within the Ichimoku Cloud from where it will have to leave above it for possible positive advances above the $ 19,180 price range.

Bitcoin's price is below the BB (Bollinger Bands) centerline where it is expected to exceed above it for positive advances above the $ 19,120 price range.

Buyers are struggling to make advances above the price range of $ 19,120 and $ 19,160.

Buyers just can't go into exhaustion right now; as there, the sellers will get in control of the situation and thus may create disadvantages that may extend below the $ 18,880.

Resistances: U $ 19,108 // U $ 19,156 // U $ 19,188 // U $ 19,236.

Support: U $ 19,055 // U $ 19,008 // U $ 18,967 // U $ 18,924.

https://www.tradingview.com/x/jGATJTz0/

BTC dominance 64.16%

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nº244