Bitcoin Price Evolution Analysis 04.27.2021

by CSM TRADER                                                                                                                

 nº341

 BTC price U$ 54.412.  

BTC price at Braziliex R$ 296.214.

USD/BRL price R$ 5.43. 

Price EUR/BRL R$ 6.55.

Price Gold 1g R$ 311.94.

Good morning to all readers.

The Bitcoin price is still in an uptrend above the $51,500 price area.

The price of Bitcoin a few sessions ago continued its consolidations above the price areas of U$ 52,500 and U$ 53,500 and with that the positive developments are being made above the U$ 53,500 and U$ 54,220.

The Bitcoin price has already broken through an important resistance at the U$54,520 price area, and now needs to continue consolidations for the next attempts at positive evolutions upwards of the strong resistance of U$55,000 and U$55,500 for the next few sessions.

If the Bitcoin price achieves these advances above U$55,500 in the near term, the possibilities of continuation above U$56,000 could occur, where new areas of consolidations need to be made.

Now, if the Bitcoin price fails to make continued positive advances upwards from the U$54,880, U$55,120 and U$55,500 price areas, negative corrections could arise and follow downwards from the U$54,220, U$54,000 and U$53,760 price areas, having to hold above the former resistance which now becomes support at the U$53,120 price area.

It will be of utmost importance that the Bitcoin price stays above the EMA 50 (H4), for the next few sessions.

A daily close was made in the price area of $53,900.

For today a continuation of the daily close above the last one will be of extreme importance for the continuation of positive developments above $55,220.

Buyers remain in full control of the situation with the price of Bitcoin; however, they still need to follow through with positive moves upwards from the $55,000 and $55,550 price areas.

Buyers have their eyes on the $58,000 price area, and for this, they will have to keep evolving the Bitcoin price the way they are doing; that is, raise the price a little, stabilize, consolidate, and advance. This is the only way for them to succeed and with a good base of support being built.

If the buyers fail to advance above $55,000 and $55,500, the downside created by the sellers could emerge and with that the sellers could create the downside below $54,500 and $54,000.

Buyers need in the short term another positive advance above $55,120.

Buyers follow in an attempt to continue positive moves above $54,720 where they still need to protect the support base they are building in the $54,260 price area.

Bitcoin TODAY at Braziliex: H1

Bitcoin price today on Braziliex follows in an uptrend above the R$ 290,000 price area.

The Bitcoin price has been in an excellent consolidation between the R$292,440 and R$300,000 price areas for a few sessions now and has even tested the R$304,999 price area.

It will be necessary for the Bitcoin price on Braziliex to continue positive advances upwards from the R$ 300,000, R$ 304,000 and R$ 310,120 price areas for the next few sessions.

If the price of Bitcoin on Braziliex fails to continue its positive developments above R$306,600 the possibility of negative corrections back below R$300,000 could arise.

The buyers in Braziliex continue with a good recovery work above the last bottom formed which was in the price area of R$ 265,000.

Buyers continue with their positive moves above the R$2,96,600 level and need to continue these positive moves above the R$304,600 and R$306,000 price levels.

If buyers fail to move above the R$306,000 and R$308,440 level, sellers on Braziliex could take control of the situation and vote to create the downside below the R$300,000 and R$297,780 level.

Follow the buyers at Braziliex in their attempts to advance the Bitcoin price above R$302,360.

Resistances: R$ 300,773 // R$ 303,134 // R$ 305,209 // R$ 308,215. 

Supports: R$ 298,051 // R$ 296,560 // R$ 294,761 // R$ 292,242.

https://www.tradingview.com/x/3LVDRnE2

H4 chart:

Bitcoin price follows above the EMAs 20, 5 and 50, however it is still below the EMA 100 and 200 and inside the Ichimoku Cloud.

It will be necessary for the Bitcoin price to continue the positive developments above the EMA 100 and still have to stay supported above it to stabilize and make new consolidations above it again, to give the continuation of the positive developments above the $55,500 or even above the EMA 200.

If the Bitcoin price fails to follow through with positive moves above the EMA 200, negative corrections could return below $55,220 and $55,000 where negative moves below $54,800 could occur.

Buyers need to continue positive developments above the $55,000 level to avoid exhaustion and with that sellers take advantage and create the downside downside below the $54,120 and $53,880 levels.

It follows buyers with good work being done of consolidations and support base constructions above $53,260 or above the EMA 50.

The chart in H4 will follow all week to have a parameter of the Bitcoin price evolution. Only some adjustments will be made.

Resistances: U$ 54,903 // U$ 56,075 // U$ 57,044 // U$ 57,878.

Supports: U$ 54,136 // U$ 53,122 // U$ 52,266 // U$ 51,319.

https://www.tradingview.com/x/16zesnge/

H1 Chart:

Bitcoin price follows above the EMAs and above the Ichimoku Cloud.

The Bitcoin price needs to break through the $55,000 price area and follow through on the positive developments upwards of $55,220 and $55,550 for the next few sessions, so as not to have the turns of the negative corrections downwards of $54,500 and $54,120.

If the price of Bitcoin advances above U$ 55,500 and U$ 56,000 there are great possibilities of attempts to continue the positive developments above U$ 58,000.

It follows buyers with the Bitcoin price above U$ 54,800 and want to throw the Bitcoin price above U$ 55,000.

Resistances: U$ 55,027 // U$ 55,880 // U$ 56,541 // U$ 57,1159.

Supports: U$ 54,345 // U$ 53,471 // U$ 52,725 // U$ 51,809.

https://www.tradingview.com/x/uNqegrR0/

Technical indicators: H4

RSI: The RSI on the H1 time chart of the BTC is at the 95 level and stabilized.

https://www.tradingview.com/x/i2Nm7spi/

MACD: The MACD on BTC's chart time is at the positive level 533 and with a bullish bias.

https://www.tradingview.com/x/LkaW2uy6/

OBV: The OBV on BTC's H1 chart time is at the 2.06 level and has a bullish bias.

https://www.tradingview.com/x/Qv1BZV1X/

M5 chart:

Bitcoin price is tracking above the VWAP, the Ichimoku Cloud and above the BB centerline.

It will be necessary for the Bitcoin price to hold above the Ichimoku Cloud for the next few sessions so that it does not fall into corrections below it where the possibilities of a return to the $54,500 and $54,220 price areas could happen.

Buyers need to move above the $55,000 price area in the near term to stay out of trouble with sellers.

https://www.tradingview.com/x/9OPoWIe2/

Dominance 49.93

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nº341