Bitcoin Price Evolution Analysis 09.13.2021
by CSM TRADER
Nº 429
BTC price U$ 44,680.
Price USD/BRL R$ 5.24.
Price EUR/BRL R$ 6.18.
Price Gold 1g R$ 300.41.
Bitcoin price follows in a downtrend at below the price area of U$ 45,800 and below the EMA 100 (H1).
Bitcoin price in the past sessions tried the positive developments upwards from the U$ 46,500 price area, but failed and came back with the negative corrections downwards from the U$ 46,000, U$ 45,000 price areas and even testing the U$ 44,180 price area.
Now at the time of writing the price of Bitcoin follows in the price area of U$44,625 and needs to give the continuities of the positive developments upwards of the EMA 5.
The Bitcoin price needs to continue positive developments above the U$44,000 and U$44,780 price areas for possible positive advances up to the U$45,500 price area for the next few sessions.
If the Bitcoin price fails to make positive advances upwards from the U$45,000 and U$45,220 price areas, negative corrections will continue downwards from the U$44,220 and U$44,000 price areas, where a search for the negative correction of the U$10. Of course, it could take several sessions to reach this bottom, but the probabilities are still very strong for a test of this bottom, or even go lower, and could reach the price area of $39,880.
In the short term, the Bitcoin price needs the positive moves above $45,500 and strong consolidations above this price area to continue the positive moves above $46,000.
Only with the turns of the positive consolidations above U$ 46,500 for the Bitcoin price to invalidate possible tentative turns of the negative corrections below U$ 44,000 and U$ 43,500.
A daily close was made above the $46,020 price area.
For today, a close above the $45,000 price area will be of extreme importance.
Buyers are still finding it very difficult to continue with the price of Bitcoin above the $44,780 price area and need positive moves above $45,000 and $45,500 for the next few sessions.
If buyers fail on these positive moves above $45,000 and $45,5000, sellers will continue the downside down to below $44,000 and may extend below $43,666.
Only with positive advances upward from the $45,000 and $45,500 price areas will buyers be able to begin to fully regain control of the situation and move out of a risky area of continued downside created by sellers down to below the $44,000 price level.
Major areas of Resistance - U$45,000 and U$45,000 and U$45,880.
Major Support areas - U$44,220, U$44,000 and U$43,680.
H4 chart:
Bitcoin price follows below the EMAs and below the Ichimoku Clouds.
The price of Bitcoin needs the continuations of the positive moves above the $44,500 and $45,000 price areas
It will be of utmost importance that the Bitcoin price returns with its consolidations above the $45,000 price area or even above the EMA 5.
If the Bitcoin price does not achieve these positive developments above $45,000, the negative corrections could continue with attempts to break above $44,000, which could extend below $43,780.
Buyers continue to face difficulties; but attempts, of positive advances above $44,780.
The chart in H4 will follow all week to have a parameter of the Bitcoin Price Evolution. Only some adjustments will be made.
Resistances: U$ 44,813 // U$ 45,478 // U$ 46,029 // U$ 46,743.
Supports: U$ 44,165 // U$ 43,322 // U$ 42,624 // U$ 41,830.
https://www.tradingview.com/x/sxV1iBNW/
H1 chart:
Bitcoin price is tracking below the EMAs and below the Ichimoku Cloud.
It will be of utmost importance for the Bitcoin price to continue consolidations and positive moves above the U$44,500 and U$45,000 price areas, and to hold above U$44,000.
If the Bitcoin price fails to make the advances upwards from $45,500 for the next few sessions, the negative corrections will give the continuities downwards from $44,000 and $43,780.
Follow the buyers in attempts to keep Bitcoin's price above U$44,000.
Resistances: U$ 44,759 // U$ 45,124 // U$ 45,482 // U$ 45,740.
Supports: U$44,430 // U$44,158 // U$43,800 // U$43,485.
https://www.tradingview.com/x/NI51yioI/
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Nº 429
