Bitcoin Price Evolution Analysis 06.25.2021

by CSM TRADER                                                                                                                

 nº380

BTC price U$ 33.650.  

USD/BRL price R$ 4.91.

Price EUR/BRL R$ 5.86.

Price Gold 1g R$ 281.70. 

Good morning to all readers.

Bitcoin price is still in a downtrend below the U$34,500 price area and the 100 EMA (H1).

Bitcoin price in the past sessions tried 2 times to break through the U$35,500 price area, but without success, even testing the U$35,501 price area.

Now at the time of writing, the Bitcoin price is still below the EMA 100 (H1), and it will take a good advance above it, in order not to have the continuations of negative corrections below the price areas of U$33,220 and U$33,000, and still enter the Ichimoku Green Cloud (H1), which could result in negative corrections below the U$33,000 and U$32,760.

It will take for the Bitcoin price to return to positive moves above the EMA 100 (H1) and climb out of the Ichimoku Green Cloud to move back into the $34,000 and $35,500 price areas for the next few sessions.

Only a good advance above the 100 and 5 EMA (H1) for the Bitcoin price to move out of a risk area of the continued negative corrections to below U$33,220.

The daily close was made above the $34,633 price area.

For today a good daily close would be above the $34,500 price area.

Sellers remain in control of the situation below the BB centerline (H1).

It will be of extreme importance for buyers to regain control of the situation to try to stop any further downside created by sellers below the $33,320 and $33,120 price areas.

Only the continuity of positive developments of buyers above the 100 EMA (H1) or even above the $34,000 level, to return to the attempts of positive developments above the $34,500 and $35,000 levels, again.

H4 chart:

Bitcoin price follows below the EMAs and the Ichimoku Cloud.

It will be necessary for the Bitcoin price to get back above the EMAs 20 and 5 for the turns of the positive developments above $34,000 to take place.

If the Bitcoin price does not achieve these positive evolutions upwards from the EMAs 5 and 20 or even above the U$34,000, the negative corrections will give the continuities downwards from the U$33,000 and U$32,740.

Only a return of the consolidations above the U$33,000 for the Bitcoin price to go back above the U$34,000 and U$34,500 for the next sessions, and it will still be necessary, a good exit above the Ichimoku Cloud for the returns of the positive evolutions above the U$35,500 and U$36,000 price areas, where a search at the U$37,000 will occur.

Follow the buyers in the difficulties of keeping the Bitcoin price above the U$33,500 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$ 34,555 // U$ 35,155 // U$ 35,699 // U$ 36,205.

Supports: U$ 33,487 // U$ 32,775 // U$ 32,100 // U$ 31,275.

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

H1 chart:

Bitcoin price follows below the EMAs, however follows above the Ichimoku Cloud.

It is extremely important that the Bitcoin price returns with its positive evolutions above the Ichimoku Cloud, i.e. climbs outside the Green Ichimoku Cloud to avoid entering it and continue the negative corrections below it, where it could go to price areas below $32,500 and $32,120.

Only a climb out of the Ichimoku Cloud will allow the Bitcoin price to return with its positive developments above the $34,000 and $34,780 price areas for the next few sessions.

Sellers are still going strong and are trying to continue their downside moves below $33,500 and $33,220.

If the sellers manage to go below the U$33,000, the continuities of the downside could follow below the U$32,780 and U$32,500, where the buyers, will have to have forces to bar the sellers above the U$32,000, to not have more downside created by the sellers below this price area.

Resistances: U$ 33.889 // U$ 34.293 // U$ 34.624 // U$ 34.986.

Supports: U$ 33.351 // U$ 33.010 // U$ 32.669 // U$ 32.275.

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

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Nº 380