Bitcoin Price Evolution Analysis 06.21.2021

by CSM TRADER                                                                                                                

 nº377

BTC price U$ 32.230.  

USD/BRL price R$ 5.09.

Price EUR/BRL R$ 6.05.

Price Gold 1g R$ 286.98. 

Good morning to all readers.

Bitcoin price is still in a downtrend below the $35,500 price area and below the 100 EMA (H1).

The Bitcoin price this weekend 19 and 20.06.2021, attempted the positive advances upwards from the U$36,000 price area, but failed where it gave the continuation of the negative corrections downwards from the U$35,000, U$34,000 and U$33,500 price areas.

Now at the time of writing the Bitcoin price is tracking in the U$33,300 price area.

It will be necessary for the Bitcoin price to consolidate above the $33,000 price area, so that the possible positive developments will occur again and move upwards to $34,500, in order not to have the negative corrections continue below $32,000; where a test in the $31,885 price area has just been made.

If the Bitcoin price does not achieve the consolidations above the U$33,320 and U$33,500 price areas the negative corrections could proceed below the U$32,800 and U$32,500 price areas.

A search in the $32,220 price area is not yet ruled out, but in the $31,500 price area there are many buy orders, if it moves beyond this price area, the possibilities of advances towards $28,800 could arise in the course of the sessions.

Add a rebound above the EMA 20 and the consolidations needed for the Bitcoin price to return to positive advancement attempts above the $34,000 and $34,880 price areas.

A daily close was made above below the $35,600 price area.

A daily close above the $33,680 price area would be very important today.

Sellers remain in full control of the situation below the $34,500 price area and the 100 EMA (H1).

Sellers continue to create the downside below the $33,500 price area.

It appears that sellers are looking for the $32,500 and $32,000 price areas, but may still continue the downside downside below $31,500 and $31,120.

Now at the time of writing sellers are already following with Bitcoin's price below the U$32,000 price area.

A search by sellers for the U$30,000 and U$29,500 price areas may occur.

Only a resumption above the U$33,500 and U$34,000 price area for possible buyers' return to control of the situation.

Follow the sellers creating the downside below $33,000.

H4 chart:

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

Only with the turns of consolidations above the U$32,500 and U$33,000 price area can the Bitcoin price attempt the turns of positive developments above U$34,220 and U$34,500.

If the Bitcoin price fails to come back with positive advances above U$32,500 and U$33,500 for the next few sessions the negative corrections will continue below U$32,000 and U$31,666.

Buyers continue their attempts to stop sellers above the $32,000 price area.

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

Resistances: U$ 33,596 // U$ 34,399 // U$ 35,149 // U$ 35,711.

Supports: U$ 32,203 // U$ 31,320 // U$ 30,302 // U$ 29,419.

https://www.tradingview.com/x/FXlNA89s/

H1 chart:

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

Bitcoin price needs to resume above the EMA 5 and consolidate above it, for the possible returns of positive developments upwards from the U$33,000 and U$33,500 price areas.

If the price of Bitcoin does not achieve the continuities of the upward positive turns of the U$33,000 and U$33,500 for the next few sessions, the continuities of the downward corrections will go below the U$32,000 and U$31,666.

Follow the buyers in attempts to return with the positive evolutions above the U$32,500 and U$32,880.

Resistances: U$ 32,783 // U$ 33,353 // U$ 33,923 // U$ 34,438.

Supports: U$ 32.158 // U$ 31.607 // U$ 31.000 // U$ 30.412.

https://www.tradingview.com/x/mau3OgrU/

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Nº377