Bitcoin Price Evolution Analysis 14.12.2020

by CSM TRADER

 nº252

 BTC price U $ 19,178.

BTC price on Braziliex R $ 96,162.

Price USD / BRL R $ 5.06.

Price EUR / BRL R $ 6.15.

Gold Price 1g R $ 300,80.

Good morning to all readers.

Bitcoin price follows an upward trend above that of the $ 18,880 and $ 19,000 price areas.

After visiting and forming a good support base in the $ 17,500 price area, Bitcoin's price started its positive developments and breaking several major resistances above $ 18,000 and $ 19,000.

The price of Bitcoin now at the time of writing is in the price range of $ 19,164 where it is expected to continue positive progress.

In the case mentioned above, the price of Bitcoin is expected to continue with positive developments above the resistance in the price area of ​​U $ 19,350 for consolidations and positive developments above U $ 19,420 and with that the continuation of advances in attempts to break the resistance in the $ 19,500 price range may arise.

If the price of Bitcoin achieves this advance, well sustained above the price areas of U $ 19,550 and U $ 19,640 and the possibilities of an advance for the large support of U $ 19,800 may occur, and with that the possibilities of a test or even an advance above ATH of $ 19,892 could come and extend to yet another new historic high; this time with the attempt of evolutions above U $ 20.000.

On the other hand, if the price of Bitcoin fails to overcome resistance in the price areas of $ 19,320 or $ 19,420 the possibilities for a bearish correction may occur.

If the downward correction comes, the price of Bitcoin will have to remain above the support of $ 19,150 or even EMA 50 in order not to start having major disadvantages below these price areas, where below $ 18,800 the possibilities for a breakthrough negative below $ 18,600 may occur and extend to support of $ 18,500.

It will be extremely important for the Bitcoin price to continue with its consolidations and developments above the $ 19,080 price range.

A daily close was made above the $ 19,140 price range.

For today, a good daily close would be above the price range of U $ 19,260.

Buyers are in control of the situation as long as they keep the Bitcoin price above the $ 19,000 price range.

Buyers are doing well above the last low formed by sellers in the $ 17,500 price range.

It will be of utmost importance for buyers to continue consolidations and positive advances above the price areas of U $ 19,000 and U $ 19,150 for continuity and attempts at developments above the resistance of U $ 19,220 in the short term.

Buyers need to go beyond the $ 19,420 price range for attempts at positive developments above the $ 19,500 price range.

If buyers go into exhaustion from attempts at developments above the $ 19,220 and $ 19,320 price ranges, they can let sellers take control of the situation.

With sellers in control of the situation, the disadvantages may continue below the price range of $ 19,150 and $ 19,080 where buyers will have to bar sellers above $ 19,000 support so that sellers do not gain more strength and create more disadvantages below $ 18,880 and these disadvantages may extend below the price areas of $ 18,800 and $ 18,760.

A daily close of over $ 19,140 was made.

For today, buyers will have to keep Bitcoin's price to a minimum above the $ 19,000 price range; for a good closing of the diary, because below that the possibilities of negative advances may occur.

It follows buyers with difficulties of positive advances above the price range of U $ 19,180.

Bitcoin TODAY on Braziliex: H1

The price of Bitcoin this weekend (12 and 13/2020) on Braziliex achieved an evolution up to the price range of R $ 98,899.

The price of Bitcoin on Braziliex failed to exceed the R $ 99,000 price range and with that the downward corrections came.

The price of Bitcoin today and now at the time of writing is in the price range of R $ 96,162.

It will be necessary for the Bitcoin price on Braziliex to continue consolidation and positive developments above the price range of R $ 96,000 and R $ 95,200 so as not to lose the positive strength in relation to the price area of ​​R $ 94,800.

Below R $ 95,000, the probabilities of negative advances below R $ 94,800 and R $ 94,200 may arise.

Buyers remain in control of the situation as Bitcoin price on Braziliex above the R $ 96,000 price area where they should continue to evolve and positive consolidations above the R $ 95,400 price area.

Below the price range of R $ 95,400 and R $ 95,200, sellers will be able to gain more strength and thus extend these disadvantages below the price areas of R $ 94,800 and R $ 94,500.

It follows buyers on Braziliex in an attempt to develop above the price range of R $ 96,200 and R $ 96,400, which will be very important in the short term.

Resistance: R $ 96,591 // R $ 97,079 // R $ 97,424 // R $ 97,921.

Supports: R $ 96,041 // R $ 95,570 // R $ 95,060 // R $ 94,348.

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

Graph: H4

The price of Bitcoin remains above the EMAs and above the Ichimoku Cloud, still below the VWAP (purple line).

The price of Bitcoin has had a great evolution in the past sessions and has managed to return above the Ichimoku Cloud and needs to remain above it to not start again with the negative disadvantages below it.

It will be necessary for the price of Bitcoin to make a good advance above the resistance of $ 19,200 for the next sessions.

Bitcoin's price needs to stay above the $ 19,000 price range in order not to have the possible drawbacks below the $ 18,880 price range.

Buyers continue with the Bitcoin price above the price range of $ 19,000 and $ 19,080 and are expected to make an evolution above the price area of ​​$ 19,200 for the next sessions to move out of a risk area that is to stay with Bitcoin's price below $ 19,200 and $ 19,260.

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 $ 19,196 // U $ 19,358 // U $ 19,503 // U $ 19,681.

Support: U $ 19,029 // U $ 18,802 // U $ 18,581 // U $ 8,339.

https://www.tradingview.com/x/OVi1Z0Y6/

Graph: H1

Bitcoin's price remains above the EMAs 100 and 50; but still below EMAs 5 and 20 and still below VWAP and below BB's central line.

It will be extremely important for the next sessions that the Bitcoin price evolves above the BB's central line to gain strength above it, and with that positive developments above the $ 19,180 price area may arise.

Buyers are in control of the situation, but they need these developments above BB's central line to continue positive developments, and to have total control of the situation.

It will be necessary for buyers to hold the Bitcoin price above the price range of $ 19,080 and $ 19,000 for the next sessions as below these price areas buyers will be able to gain more strength and thereby create disadvantages that may extend below $ 18,800 and $ 18,760.

Buyers will still have to try to keep Bitcoin's price above EMA 50 for the disadvantages are still not much greater below this.

It follows buyers in an attempt to evolve above the resistance of $ 19,200; which will be extremely important for the next sessions.

Resistance: U $ 19,127 // U $ 19,216 // U $ 19,316 // U $ 19,423

Support: U $ 19,027 // U $ 18,934 // U $ 18,815 // U $ 18,684.

https://www.tradingview.com/x/Mbred7Ck/

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at level 14 and has a downward bias.

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

MACD: The MACD at the BTC chart time is at level 40 with a downward bias.

https://www.tradingview.com/x/J8vI5u9j/

OBV: The OBV at the BTC chart's H1 time is at level 172 and has a bullish bias.

https://www.tradingview.com/x/hVQzB6aQ/

Graph: M5

Bitcoin's price follows below the VWAP and below the Ichimoku Cloud.

It will be important for the Bitcoin price to advance above the VWAP (wine line) for possible developments above the price areas of $ 19,160 and $ 19,180.

Buyers remain in control of the situation, however, below BB's central line (Bollinger bands) (red line), where a return from buyers above it will be important.

Resistances: U $ 19,124 // U $ 19,143 // U $ 19,165 // U $ 19,186.

Support: U $ 19,101 // U $ 19,081 // U $ 19,057 // U $ 19,033.

https://www.tradingview.com/x/ta60m1NJ/

BTC dominance 63.61%

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nº252