Bitcoin Price Evolution Analysis 12.01.2021
by CSM TRADER
nº272
BTC price U $ 36,020.
BTC price on Braziliex R $ 202,432.
Price USD / BRL R $ 5.48.
Price EUR / BRL R $ 6.68.
Gold Price 1g R $ 326.72.
Good morning to all readers.
Bitcoin price follows an upward trend above the $ 34,220 price range.
Bitcoin's price a few past sessions has corrected up to the $ 30,420 price range.
Now at the time of writing the price of Bitcoin remains in the price range of $ 35,945.
In the case mentioned above, the price of Bitcoin needs to stay above the price areas of U $ 34,880, U $ 35,000 and achieve a good evolution above EMA 100 (H1) in the U $ 36,640 price area, in order to continue the advances above the price range of $ 37,000 and $ 37,120.
It will be very important for the price of Bitcoin this evolution above the strong resistance in the price area of U $ 36,000 and U $ 36,120 for the evolutions above U $ 36,450 and U $ 36,500 in the short term.
If the price of Bitcoin goes into exhaustion due to attempts to exceed the price range of $ 36,000 and $ 36,220 or EMA 100 (H1) the disadvantages may arise, and with that the possibilities of a return to the price area of the U $ 35,420 and $ 35,000 may come up.
Bitcoin's price needs to stay above the $ 35,000 price range in order not to start having major disadvantages below that and to extend below $ 34,600 and $ 34,220.
A break below $ 32,600 could take Bitcoin's price below $ 31,500 and further test the $ 30,420 price range.
It is extremely important that the price of Bitcoin stays above EMA 20 (H1) for the next sessions.
A daily close was made above the $ 35,340 price range.
For today it would be very important to close above the $ 36,120 price range.
Buyers remain in control of the situation with the Bitcoin price above the central line of the Bollinger Bands, in the $ 34,380 price range.
Buyers are able to stop sellers in the $ 30,420 price range.
The situation was resumed by buyers, where they achieved positive developments above the price areas of U $ 31,000, U $ 32,000, U $ 34,000 and U $ 35,000 and even tested the U $ 36,630 price area.
Now at the time of writing, buyers are struggling back to advances above the $ 35,500 price point.
It will be important for buyers to keep the Bitcoin price above the $ 35,120, $ 35,000 and $ 34,880 price ranges in order not to have major disadvantages below the $ 34,600 and $ 34,000 price areas.
A daily close was made above the $ 35,340 price range.
For today, a close above the $ 36,120 price range would be important for further consolidations above this price area.
It follows buyers in an attempt to bar sellers at the $ 34,377 price point or above the Bollinger Bands centerline.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin on Braziliex today remains above the price range of R $ 197,600.
Bitcoin price on Braziliex resumed its upward trend after testing the R $ 160,000 price range.
Now at the time of writing the Bitcoin price on Braziliex is in the price range of R $ 200,199.
It will be necessary for the continuation of positive developments that the Bitcoin price on Braziliex remains above the price range of R $ 190,400 and R $ 189,660.
In the case mentioned above, if the price of Bitcoin falls below the price areas of R $ 188,800 and R $ 187,600, the possibilities of a negative advance below the price area of R $ 182,400 may occur and still extend below R $ 180,000.
It will be extremely important for the price on Braziliex to remain above the price area of R $ 190,220 for the next sessions.
Buyers remain in control of the situation above the price range of R $ 190,000 and R $ 180,000.
Buyers on Braziliex will need to keep the Bitcoin price above the R $ 180,000 price range in order not to have major disadvantages with sellers below this price area.
Follow buyers on Braziliex in an attempt to keep Bitcoin's price above the R $ 196,600 price range.
Resistances: R $ 201,840 // R $ 204,949 // R $ 208,460 // R $ 211,669.
Support: R $ 196,024 // R $ 193,115 // R $ 189,294 // R $ 185,483.
https://www.tradingview.com/x/IAvGDZfl
Graph H4:
Bitcoin's price remains below the EMA 100, but still below the EMA s 5, 20, and 50 and within the Ichimoku Cloud.
It will be necessary for the Bitcoin price to come back and positive developments above the EMA 50 for attempts at an exit above the Ichimoku Cloud and thus developments above the $ 36,500 price areas may reoccur and still move above the price area of $ 37,120.
Buyers remain in control of the situation and need to keep the Bitcoin price above the $ 34,800 and $ 35,120 price areas, in order not to have the continuing disadvantages below these price areas for the next sessions.
It follows buyers in an attempt to continue the evolution of Bitcoin prices above the price range of $ 35,220 and $ 35,660.
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 $ 35,568 // U $ 36,258 // U $ 36,792 // U $ 37,505.
Support: U $ 34,967 // U $ 34,143 // U $ 33,364 // U $ 32,741.
https://www.tradingview.com/x/4MEyGuBt/
Graph H1:
Bitcoin's price remains above EMA 20 and 5 above BB's central line, but below EMA 50 and 100 and slightly below Ichimoku Cloud.
It will be necessary for the Bitcoin price to continue consolidations and positive developments above EMA 20 for the necessary advances above EMAs 50 in the short term.
For developments above the $ 37,000 price range, the Bitcoin price still needs to surpass the Ichimoku Cloud which still requires some time and good consolidation above the $ 35,220 and $ 36,000 price range.
Buyers are continuing to evolve above the $ 35,120 price range and need to keep Bitcoin's price above the $ 34,730 price range, where sellers have just tested it.
Now at the time of writing, buyers follow the price of Bitcoin in the price range of $ 35,620.
Buyers need good developments above $ 35,860 and give EMA 50 for possible consolidation rounds above $ 36,120 and $ 36,320.
It follows buyers in an attempt to evolve above the $ 35,700 price range.
Resistances: U $ 35,860 // U $ 36,190 // U $ 36,599 // U $ 36,929.
Support: U $ 35,188 // U $ 34,697 // U $ 34,159 // U $ 33,592.
https://www.tradingview.com/x/54SEx2oo/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 51 and has a downward bias.
https://www.tradingview.com/x/2199sOQR/
MACD: The MACD at the BTC chart time is at the positive level 147 and with an upward bias.
https://www.tradingview.com/x/uN37tEij/
OBV: The OBV in the BTC H1 chart time is at level 560 and has a bullish bias.
https://www.tradingview.com/x/DUY1KNxn/
Graph M5:
Bitcoin's price follows above BB's central line and above VWAP, but below Ichimoku Cloud.
The Bitcoin price needs to evolve above the $ 35,600, $ 35,800 and $ 36,120 price areas to start moving out of a risk area that would be below the $ 35,060 and $ 35,000 price areas.
Buyers continue to struggle to continue advances above the $ 35,800 price range; where it will be necessary to leave above the Ichimoku Cloud to continue the positive progress.
Resistances: U $ 35,724 // U $ 35,888 // U $ 36,026 // U $ 36,194.
Support: U $ 35,456 // U $ 35,279 // U $ 35,111 // U $ 34,951.
https://www.tradingview.com/x/UFdQk949/
BTC dominance 38.32%
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nº272
