Bitcoin Price Evolution Analysis 18.12.2020
by CSM TRADER
nº256
BTC price U $ 23,130.
BTC price on Braziliex R $ 116,911.
Price USD / BRL R $ 5.05.
Price EUR / BRL R $ 6.19.
Gold Price 1g R $ 307.26.
Good morning to all readers.
Bitcoin price follows an upward trend above the $ 22,350 price range.
After making his new ATH in the price area of $ 23,800, the price of Bitcoin, came to correct until the price area of $ 21,800 and shortly after some sessions he tried to retest in the price area of $ 23,800; but without success.
Bitcoin's price reached the $ 23,700 price point and no longer had the strength to test or exceed the $ 23,800 price point.
Bitcoin's price appears to have formed good support in the $ 22,350 price range and strong resistance in the $ 23,800 price range.
Now at the time of writing the price of Bitcoin remains in the price range of $ 23,140.
It will be necessary for the price of its continued positive advances and consolidations to stay above the $ 22,800 price range for the next sessions.
The price of Bitcoin continues to struggle ahead of exceeding the price range of U $ 23,300 and U $ 23,500, where this advance above these price areas will be extremely important for attempts at developments above U $ 23,700 and the possibilities of advances in the $ 23,800 price range may come.
Once this price range of $ 23,800 is exceeded, the possibilities for positive advances above the price area of $ 24,120 may occur.
For the weekend the price of Bitcoin should remain above U $ 22,350 in order not to have disadvantages below it.
A good close of the daily was made above the price range of U $ 22,797.
For today, a daily close would be above the price range of U $ 23,160 and U $ 23,200.
Buyers are in control of the situation by keeping Bitcoin's price above the $ 22,500 price range.
It will be necessary for buyers to continue consolidations and positive developments above the $ 23,000 price range for possible developments above $ 23,400 and $ 23,550.
Buyers need to keep the Bitcoin price above the $ 22,800 and $ 22,600 price range for the next sessions.
If buyers lose the $ 22,800 price range, the possibilities for sellers to gain strength and create more disadvantages below $ 22,740 and $ 22,660 may arise, and with that, buyers will have to defend the $ 22 price area. 22,500 to avoid the risk of further disadvantages below the $ 22,350 price range and thus these disadvantages may still extend below the $ 22,080.
Buyers closed the daily well above the $ 22,790 price range.
For today, a close is above the price range of $ 23,000.
It follows buyers in an attempt to get back above the price range of $ 23,050 and $ 23,100.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin today on Braziliex follows a beautiful upward trend above the price range of R $ 100,000.
Great developments were made above the price range of R $ 110,000.
Bitcoin price on Braziliex made its new historic high in Brazil reaching the price range of R $ 119,500.
Now at the time of writing, the Bitcoin price on Braziliex follows the price range of R $ 116,910; where it will be necessary to give continuity of consolidations for possible developments above the price areas of R $ 117,600 and R $ 118,000 for the return of attempts to exceed the price area of U $ 119,500 and thus being able to test the price area of R $ 120,000, or even follow up.
Buyers are in control of the situation with the Bitcoin price on Braziliex above the price range of R $ 108,000.
It will be extremely important for buyers on Braziliex this continuity of consolidations and developments above the price range of R $ 108,000 and R $ 110,000, for possible developments above U $ 116,000.
If buyers are unable to make a solid advance and above the R $ 118,000 price range, they may be exhausted and sellers will be able to control the situation and the disadvantages may begin to appear below the R $ 115,000 price range.
In the case mentioned above, buyers will have to bar sellers above the R $ 114.00 price range in order not to start having more disadvantages below R $ 112.00 and may extend below R $ 110,000.
It follows buyers in attempts to evolve above the R $ 117,000 price range.
Resistances: R $ 117,566 // R $ 118,608 // R $ 119,551 // R $ 120,400.
Support: R $ 116,500 // R $ 115,463 // R $ 114,543 // R $ 113,482.
https://www.tradingview.com/x/5IHzv1cC
Graph: H4
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud and being supported by VWAP.
It will be important for the Bitcoin price to continue positive developments above the $ 23,000 price range for the next few sessions so as not to start having negative disadvantages below $ 22,800.
It is extremely important that the price of Bitcoin stays above the EMA 5 (green line) for the next sessions in order not to run the risk of strong disadvantages below it.
Buyers are struggling to keep the stabilizer price above the $ 23,000 price range.
It is important for buyers to return to consolidations and the continuation of positivism advances above the $ 23,000 and $ 23,120 price areas for the next sessions, in order not to start entering an area of risk which is to stick with the Bitcoin price below of the price range of U $ 22,880 and thus the possibilities for sellers to extend these disadvantages may remain below U $ 22,760.
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 $ 23,161 // U $ 23,396 // U $ 23,533 // U $ 23,719.
Supports: U $ 22,907 // U $ 22,755 // U $ 22,523 // U $ 22,305.
https://www.tradingview.com/x/tOtOq9EL/
Graph: H1
Bitcoin's price remains above the EMAs 100 and 50 and above the Ichimoku Cloud, but below the EMA 20 and 5.
It will be important for the Bitcoin price to return above the EMA 20 (yellow line) for the return of developments above $ 23,000.
If the Bitcoin price gives continuity to negative advances below $ 23,000 the possibilities of a test around the $ 22,600 price area may occur and may still extend below $ 22,550.
The Bitcoin price needs to come back with its consolidations above the price range of $ 23,050 and $ 23,120 for the next sessions in order to not have the continuity of possible disadvantages below $ 22,880.
Buyers are losing control of the situation below the price range of $ 23,000 and $ 22,890, so sellers gain strength and can extend these disadvantages below $ 22,660 if buyers are unable to stop sellers above $ 22,740.
It follows buyers in an attempt to regain control of the situation above the price range of $ 22,780 and $ 22,880.
Resistances: U $ 22,980 // U $ 23,140 // U $ 23,292 // U $ 23,404.
Support: U $ 22,862 // U $ 22,677 U $ 22,502 // U $ 22,302.
https://www.tradingview.com/x/FXNyrdt5/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 34 and has a downward bias.
https://www.tradingview.com/x/h0xom7Yx/
MACD: The MACD at the BTC chart time is at level 266 with a downward bias.
https://www.tradingview.com/x/k0C6FqbB/
OBV: The OBV at the BTC H1 chart time is at level 272 and has a downward bias.
https://www.tradingview.com/x/azqKrloV/
Graph: M5
Bitcoin's price follows below VWAP (wine line) and below BB's central line (Bollinger bands red line).
It will be important for the Bitcoin price to return above BB's central line for buyers to get back in control of the situation and thus consolidation and evolution rounds above the $ 23,000 and $ 23,120 price areas may occur.
If sellers continue to gain strength below the $ 23,000 price range, the disadvantages could extend below $ 22,880 and continue below $ 22,760.
Resistances: U $ 22,933 // U $ 22,981 // U $ 23,033 // U $ 23,071.
Support: U $ 22,686 // U $ 22,832 // U $ 22,781 // U $ 22,706.
https://www.tradingview.com/x/PFM94Mb4/
BTC dominance 65.56%
“Bitcoin is a technological feat. " ----- Bill Gates
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nº256
