Bitcoin Price Evolution Analysis 14.01.2021
by CSM TRADER
nº273
Price of BTC U$ 38,160.
BTC price at Braziliex $ 202,800.
Price USD/BRL R$ 5.29.
Price EUR/BRL $ 6.44.
Price Gold 1g $ 316.98.
Good morning to all readers.
Bitcoin price is on an upward trend above the price area of U$ 36,600.
The price of Bitcoin after a strong consolidation between the price areas of U$ 34,080 and U$ 35,120 has come to evolve positively surpassing the price areas of U$ 36,000, U$ 36,600, U$ 37,000 and U$ 38,000.
The price of Bitcoin in 2 days since its last correction that went until the price area of U$ 32,377 and returning to evolve positively until the price area of U$ 38,787 had an advance of U$ 6,410.
Now at the time of writing the price of Bitcoin is in the price area of U$ 38,166.
It will be necessary for the continuity of positive evolutions in the short term that the price of Bitcoin is above the price area of U$ 37,000 and U$ 36,660.
If the price of Bitcoin gives the continuity of consolidations above the price areas of U$ 37,800 and U$ 38,000 the possibilities of advances above the price area of U$ 39,220 and U$ 39,460 may occur and may still extend above the price area of U$ 40,000.
Bitcoin's price may face strong resistance in the price area of $ 38,800, where if it succeeds in surpassing this price area, the evolutions will continue above $ 39,120 and $ 39,260.
On the other hand, if the Bitcoin price goes into exhaustion by attempts to surpass the price area of $38,800 the disadvantages may start to appear below the price area of $38,220, $38,000 and still extend below $37,760.
It will be of extreme importance for the price of Bitcoin to be above the price area of $36,600 so as not to have great disadvantages below this price area and still be able to return to the price area of $35,500 and $35,220.
The price of Bitcoin needs to stay above the EMA 20 (H1) for the continuities of positive evolutions above U$ 37,000.
A daily closing has been made above the price area of U$ 37,360.
For today the continuity of a closing above the price area of U$ 37,500 and U$ 38,000 will be a good one.
The buyers continue to control the situation as long as they keep the price of Bitcoin above the price area of U$ 36,600 and U$ 36,220.
It will be necessary for the buyers the continuity of positive evolutions above the resistance in the price area of U$ 37.800 and U$ 37.960 for the possible evolutions above the price areas of U$ 39.120 and U$ 39.340.
If buyers succeed in these well consolidated evolutions mentioned above, the possibility of positive advancement above the price areas of $39,460 and $39,660 may occur, and also test or even surpass the $40,000 price area, so expected again.
On the other hand, if buyers fail in positive developments above the $37,800 and $39,000 price areas, sellers may take advantage and take control of the situation and begin to create the disadvantages below the $37,520 and $37,220 price area and continue negative developments below the $37,000 price area.
In the case mentioned above, it will be of extreme importance for buyers to bar sellers above the price areas of $36,800 and $36,600, because below these price areas, sellers will gain more strength and possibly take the Bitcoin price to lower price areas below $35,660.
A daily closing has been made above the price area of $ 37,360.
For today a good closing would be above the price area of $ 37,880 and $ 38,120.
It follows the buyers in the attempt of evolutions above the price area of U$ 38.300.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin today at Braziliex follows in a good trend of rising above the price area of R$ 192.000.
The price of Bitcoin at Braziliex has resumed positive evolutions above the price areas of R$ 197,600 and R$ 199,400 and has evolved above the price area of R$ 200,000.
Now at the time of writing, the price of Bitcoin at Braziliex needs to give continuity to positive evolutions above the great resistance that was in the price area of R$ 205,000.
In the case mentioned above, if the Bitcoin price at Braziliex breaks the resistance of the R$ 205,000 the possibility of advancing above the R$ 208,000 price area may occur and still visit or even exceed the R$ 210,000 price area.
On the other hand, if the price of Bitcoin fails once again to exceed the resistance of R$ 205,000 the possibilities of a return to the price areas of R$ 198,600 and R$ 197,120 may occur and still extend below R$ 196,300.
The buyers followed with good evolutions above the price area of R$ 197,800 and R$ 199,600.
It will be important for the buyers the positive advances above the price area of R$ 205,000 for the next sessions not to enter in exhaustion by attempts and end up delivering the control of the situation to the sellers.
If the sellers enter in the control of the situation below the price area of R$ 198,000, the possibilities of the sellers to continue with the negative evolutions below the price area of R$ 197,600 and R$ 195,400 may occur.
It follows the buyers in the attempt of evolutions above the resistance in the price area of the R$ 205,000.
Resistance: R$ 205,991 // R$ 207,310 // R$ 208,630 // R$ 209,604.
Supports: R$ 203,466 // R$ 202,009 // R$ 200,211 // R$ 198,413.
https://www.tradingview.com/x/NGBo90in
Graph H4:
The price of Bitcoin follows above the EMAs and above the VWAP, but still inside the Ichimoku Cloud where it will be important an exit above it for the continuity of positive evolutions above the price area of U$ 38,800.
It will be necessary for the price of Bitcoin to be above VWAP in order not to have the disadvantages below the price areas of U$ 37,660 and U$ 37,500.
The buyers are in control of the situation and follow the consolidations with the Bitcoin price above the price area of $37,700, where they should stay with these consolidations and evolutions in order not to start landing possible disadvantages below the price area of $37,500.
Follow the buyers in the consolidations and evolutions above the price area of U$ 37,900.
The graph in H4 will follow all week to have a parameter of Bitcoin price evolution. Only the resistance and support adjustments will be made.
Resistances: U$ 38.614 // U$ 39.287 // U$ 39.812 // U$ 40.124.
Supports: U$ 37.842 // U$ 37.071 // U$ 36.596 // U$ 36.086.
https://www.tradingview.com/x/j1ezWXI5/
Graph H1:
The price of Bitcoin follows above EMAS and well above Ichimoku Cloud.
It will be necessary that the price of Bitcoin stays above the EMA 5 to give continuity of positive evolutions above the price area of U$ 38.00 and U$ 38.320.
The price of Bitcoin still needs to exceed the strong resistance in the price area of $38,800 to continue positive evolutions above the price area of $39,120.
It is very important for the price of Bitcoin to stay above the price areas of $38,000 and $37,760 for the next sessions in order not to have disadvantages below these price areas and with that lose the good positive evolutions made so far above the price area of $36,660.
The buyers now at the time of writing follow with the price of Bitcoin in the price area of $ 38,200.
It will be necessary for the buyers the positive evolutions above the price area of U$ 38.000.
If buyers fail with developments above the resistance of $38,800 or even $38,500, the possibility of an entry in the control of the situation of the sellers will not be discarded, and with that the possibility of the sellers create the disadvantages below the price area of $38,000 and $37,880 may happen.
It follows the buyers back the evolutions above the price area of U$ 38.660 and they go in search of the rupture of the resistance in the U$ 38.800 and can extend above the area of U$ 39.120.
Resistances: U$ 38.667 // U$ 39.061 // U$ 39.476 // U$ 39.844.
Supports: U$ 38.206 // U$ 37.838 // U$ 37.292 // U$ 36.841.
https://www.tradingview.com/x/ODvpd5uR/
Technical indicators: H1
RSI: The RSI on the BTC H1 chart time is at level 55 and with a bearish bias.
https://www.tradingview.com/x/zBzWfK45/
MACD: MACD on BTC's chart time is at positive level 887 and stabilized.
https://www.tradingview.com/x/HAFItswK/
OBV: The OBV in BTC H1 graphic time is at level 619 and stabilized.
https://www.tradingview.com/x/RR45j6o5/
Graph M5:
The price of Bitcoin follows above BB's center line, above VWAP and still above Ichimoku Cloud.
It will be necessary for buyers to continue above the central line of BB (Bollinger bands) for the continuation of positive advances above the price area of U$ 38,200.
Buyers continue to make good progress above $38,000.
Resistances: U$ 38.338 // U$ 38.421 // U$ 38.489 // U$ 38.580.
Supports: U$ 38.201 // U$ 38.070 // U$ 37.916 // U$ 37.811.
https://www.tradingview.com/x/IzeaGBRp/
BTC dominance 69.26%
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nº273
