Bitcoin Price Evolution Analysis 05.01.2021

by CSM TRADER

 nº267

 BTC price U $ 31,630.

BTC price on Braziliex R $ 170,999.

Price USD / BRL R $ 5.29.

Price EUR / BRL R $ 6.50.

Gold Price 1g R $ 322.02.

Good morning to all readers.

The ETH price continues to evolve well above the $ 980 price range and reaching the $ 1,040 price range. The odds of the ETH price making its highest ATH are getting closer and closer to the $ 1,174 price range. The price of ETH needs to remain above the price areas of $ 880 and $ 950 to continue attempts to pursue the new historic high.

Bitcoin price follows an upward trend above the $ 30,000 price range after testing the $ 28,128 price range.

The price of Bitcoin a few past sessions came to test the $ 28,128 price range and shortly afterwards a resumption of positive developments where it came to test the $ 32,852 price range, and started a bearish correction staying between the price areas of U $ 29,900 and U $ 31,360.

Now at the time of writing the price of Bitcoin remains in the price range of $ 31,560.

It will be necessary for the Bitcoin price to consolidate above the $ 30,800 and $ 31,120 price areas to continue positive developments above $ 31,500 and $ 31,820 and continue above $ 32,000; which will be extremely important for the continuity of the increase.

The price of Bitcoin has yet to overcome the strong resistance formed in the $ 32,500 price range for attempts to advance above the $ 32,800 price range, where it was the last attempt to advance above it, but to no avail.

Good consolidations above the $ 33,000 price range will be of utmost importance for the Bitcoin price in an attempt to overcome strong resistance in the $ 33,500 price area for possible developments back above the US price area. $ 34,000.

If the price of Bitcoin fails to exceed the price range of $ 32,000 and $ 32,120 the disadvantages may arise and as a result the price of Bitcoin may enter negative corrections below the price area of ​​$ 31,720 and even below the U $ 31,550; but first the price of Bitcoin needs to conquer the price range of $ 32,000, as it has difficulties in advancing above the price area of ​​$ 31,800.

It will be extremely important for the price of Bitcoin for the next sessions to stay above the EMA 50 (H1) to not have major disadvantages below the price areas of the $ 31,700 and $ 31,400 and possibly go in search of the EMA 100 (H1) ) and have the possible disadvantages again below it.

A daily close was made above the price range of $ 31,990.

For today, a good close would be above the price range of U $ 32,120. It just can't close below EMA 100 (H1), because then things get complicated.

Buyers remain in control of the situation above the $ 30,000 price range.

Buyers need developments above the $ 32,000 price range for the next session to continue consolidations and positive advances above the $ 32,000 and $ 32,120 price ranges and seek a break above the price range of US $ 32,220.

It will be extremely important for buyers to make this advance above U $ 32,000 to get out of a risk area that is to keep Bitcoin's price below EMA 50 (H1), as they may suffer more disadvantages below it.

In the case mentioned above, if buyers are unable to perform well above EMA 50 (H1) or above $ 32,000, sellers will be able to take control of the situation and thus disadvantages below $ 31,400 and $ 31,220 may arise and still being able to extend below the EMA 100 (H1) which could make it difficult for buyers to return to control of the short term situation.

A good close of the daily was made above the price area of ​​U $ 31,990.

For today, a good closing would be above U $ 31,990, but above the price area of ​​U $ 31,660 would already help; buyers just can't let sellers close below EMA 100 (H1).

It follows buyers in an attempt to evolve above the $ 31,600 price range.

Bitcoin TODAY on Braziliex: H1

The price of Bitcoin on Braziliex today on Braziliex continues with the developments above the last fund formed which was in the price area of ​​R $ 151,200.

It will be important for the Bitcoin price in Braziliex to continue consolidations and positive advances above the price areas of R $ 158,000 and R $ 160,000 for attempts to advance above the price area of ​​R $ 170,000 and R $ 172,400 for the next sessions.

It is very important for the Bitcoin price on Braziliex to remain above the price range of R $ 165,400 in order not to return to have disadvantages below this price area and still extend below R $ 163,400.

Buyers are gradually regaining control of the situation above the R $ 162,000 price range.

It will be important for buyers to keep the Bitcoin price on Braziliex in consolidations above the R $ 162,600 and R $ 164,000 price areas, for the next sessions to give the possible continuation of positive developments above R $ 170,220 and R $ 172,000.

On the other hand, if the sellers get in control of the situation, they may create disadvantages that may extend below the price areas of R $ 166,400 and R $ 161,600.

It follows buyers with difficulties in developments above the R $ 168,200 and R $ 169,000 price areas.

Resistances: R $ 168,490 // R $ 170,641 // R $ 172,665 // R $ 174,548.

Supports: R $ 160,033 // R $ 164,386 // R $ 162,644 // R $ 160,384.

https://www.tradingview.com/x/uXp6TRYb

 Graph: H4

The price of Bitcoin remains above the EMA 100 and 50 and above the Ichimoku Cloud, but it needs to surpass EMA 5 to continue positive developments and pursue new consolidations above the $ 31,800 price range.

It will be necessary for the Bitcoin price to continue positive advances above the $ 30,880 and $ 31,120 price areas.

Only a good advance above the $ 32,800 price range can bring the Bitcoin price above the $ 32,060 price range for the next sessions and thereby the possibilities for testing and advances above the $ 32,220 price area. may arise.

If the Bitcoin price falls below the $ 30,880 price range, the disadvantages could extend below the $ 30,740 and $ 30,600 price areas.

Buyers need to keep Bitcoin's price above EMA 50 in order not to have major disadvantages below it.

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 $ 31,593 // U $ 32,191 // U $ 32,678 // U $ 33,232.

Support: U $ 30,795 // U $ 30,220 // U $ 29,422 // U $ 28,448.

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

Graph H1:

The price of Bitcoin remains above EMA 5, 20 and 100, but below EMA 50 and is above the Ichimoku Cloud and needs to continue above it to attempt positive developments above EMA 50.

The price of Bitcoin is facing a strong difficulty in making a good advance above the price range of $ 31,500 and $ 31,800.

A well-consolidated advance above the EMA 50 will be required for the Bitcoin price for possible positive developments above the $ 32,000 price range.

A drop below the EMA 100 will further hamper developments back to the $ 30,220 and $ 32,320 price areas.

Buyers are still struggling to make advances above the $ 31,550 and $ 31,800 price areas, which will be extremely important for the next sessions for buyers to move out of a risky area that is staying with the Bitcoin price below of EMA 50.

Follow the buyers once again in an attempt to break the EMA 50 (gray line).

Resistances: U $ 31,701 // U $ 31,830 // U $ 32,035 // U $ 32,212.

Support: U $ 31,469 // U $ 31,265 // U $ 31,054 // U $ 30,822.

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

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at level 53 and with upward bias.

https://www.tradingview.com/x/fuKNVDt0/

MACD: The MACD at the BTC chart time is at the negative -195 level and with an upward bias.

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

OBV: The OBV in the BTC H1 chart time is at level 430 and has a bullish bias.

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

Graph M5:

Bitcoin's price follows above BB's central line and above VWAP and still above the Ichimoku Cloud.

It will be important for Bitcoin price for the next sessions to stay at least from the BB's central line (red line) to continue the bullish above the $ 31,320 price area.

Buyers continue to struggle with positive advances above the $ 31.70 and $ 31.800 price ranges.

Resistances: U $ 31,669 // U $ 31,741 // U $ 31,824 // U $ 31,887.

Support: U $ 31,581 // U $ 31,502 // U $ 31,430 // U $ 31,356.

https://www.tradingview.com/x/B3ewedqw/

BTC dominance 68.62%

“Nowadays people know the price of everything, but they don't know the value of anything. "------ Oscar Wilde

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nº267