Bitcoin Price Evolution Analysis 21.12.2020
by CSM TRADER
nº257
BTC price U $ 23,630.
BTC price on Braziliex R $ 120,013.
Price USD / BRL R $ 5.10.
Price EUR / BRL R $ 6.22.
Gold Price 1g R $ 308.96.
Good morning to all readers.
Bitcoin's price follows a downward correction below the $ 23,000 price range.
Bitcoin's price made yet another historic high on 12/20/2020, reaching the price range of $ 24,295.
Now at the time of writing the price of Bitcoin is in the price range of $ 22,760.
It will be important for the Bitcoin price to remain above the support formed in the $ 22,320 price area and to return with positive developments and consolidations above EMA 100 (H1) for the next sessions.
Only a good advance above the price range of U $ 23,000 and U $ 23,200 for the next sessions will be able to revert this situation, and with that, the possibilities of advances above the price area of U $ 23,400 and U $ 23,500 will appear again .
A daily close was made above the $ 23,400 price range.
For today it is very important to close the diary above the price range of U $ 23,000, as below U $ 23,000 the possibilities of negative advances below U $ 22,660 may occur again.
A good daily close would be above the price range of U $ 23,400 and U $ 23,600 for the continuation of consolidations and developments above the price area of U $ 23,200.
Sellers remain in control of the situation with the Bitcoin price below the $ 23,000 price range.
Now at the time of writing, sellers are priced at Bitcoin in the price range of $ 22,888 and continue to gain strength for further negative corrections below $ 22,400.
It will be extremely important for buyers to return to control of the situation above the EMA 100 (H1) and above the $ 23,000 price range.
It will be important for buyers that this evolution above the price area of U $ 23,000 for consolidations above the price area of U $ 23,120 and U $ 23,200 and with that, the possibilities of continuity back to positive advances above U $ 23,400 and $ 23,500 will emerge.
Buyers need to try to stop sellers above the $ 22,200 price range, as below this price range the disadvantages may remain below $ 22,000 and $ 21,940.
Buyers closed the daily above the $ 23,400 price range.
For today it would be important to close the daily above the $ 22,800 price range and most importantly close the daily above the $ 23,000 price range.
It follows buyers in the “fight” with sellers to try to hold Bitcoin's price above the $ 22,400 price range.
Bitcoin TODAY on Braziliex: H1
Bitcoin price on Braziliex this weekend (19 and 20) remained above the price range of R $ 116,400.
The price of Bitcoin on Braziliex again made the biggest historical increase in Brazil reaching the price range of R $ 123,000.
Now at the time of writing the price of Bitcoin on Braziliex remains in the price range of R $ 117,598.
It will be important for the Bitcoin price on Braziliex to continue to evolve and consolidate above the price areas of R $ 115,000 and R $ 114,000 for the next sessions, so as not to start having disadvantages below R $ 112,000.
Buyers remain in control of the situation with the Bitcoin price on Braziliex; however, they will have to keep the Bitcoin price on Braziliex above the R $ 114,000 price range in order not to let sellers get in control of the situation below this price area.
Below R $ 114,000, sellers will be able to gain more strength and with that, the disadvantages may extend below R $ 112,600.
It follows buyers in an attempt to return developments above the price range of R $ 116,300 and still hold sellers above the price area of R $ 115,600.
Resistances: R $ 117,651 // R $ 118,790 // R $ 19,837 // R $ 120,604.
Support: R $ 116,287 // R $ 115,403 // R $ 114,589 // R $ 113,852.
https://www.tradingview.com/x/p7L7t2qg
Graph: H4
Bitcoin's price remains above the EMA 50 and 100 and also above the Ichimoku Cloud.
The price of Bitcoin has entered a strong correction in the price area of the $ 24,000 and follows so far where the price of Bitcoin is in the price area of the $ 22,702.
It will be important for the price of Bitcoin to return positive developments above the price range of $ 22,880 and $ 23,000 to move out of a large area of more disadvantages, which would be below the price area of $ 22,600 and $ 22,500.
Sellers are still in control of the situation and this makes it difficult for buyers to advance above the $ 22,800 price range, which would be very important for buyers at this time.
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 $ 22,876 // U $ 23,226 // U $ 23,600 // U $ 23,925.
Support: U $ 22,439 // U $ 21,965 // U $ 21,290 // U $ 20,641.
https://www.tradingview.com/x/dvdLRYwc/
Graph: H1
Bitcoin's price remains below the EMAs and still below the Ichimoku Cloud.
Bitcoin's price follows its negative correction below the $ 23,000 price range.
It will be extremely important for the Bitcoin price to stay above the price range of $ 22,320, because below this price area the disadvantages could be much greater below $ 22,200 and $ 22,000 and may still extend below $ 21,960.
In the $ 21,800 price range, there will be many buyers trying to keep Bitcoin's price above this price range.
Sellers are still in control of the situation and are gaining strength and consolidation below the $ 22,800 price mark.
It will be extremely important for buyers to regain control of the situation above the $ 22,800 price range for the next sessions, as the disadvantages created by sellers may extend below the $ 22,200 and $ 22,000 price range.
It follows buyers in an attempt to hold sellers above the $ 22,500 price range and still try to consolidate above this price range to gain strength for possible developments above $ 22,800 in the short term.
And now all support becomes resistance; more is the difficulty that buyers will have to face.
Resistances: U $ 22,876 // U $ 23,109 // U $ 23,259 // U $ 23,456.
Support: U $ 22,632 // U $ 22,451 // U $ 22,229 // U $ 22,001.
https://www.tradingview.com/x/ENAjxCKv/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 6 and has a bullish bias.
https://www.tradingview.com/x/nBnVihpG/
MACD: The MACD at the BTC chart time is at negative -110 with a downward bias.
https://www.tradingview.com/x/sbyFbccC/
OBV: The OBV at the BTC H1 chart time is at level 306 and has a bullish bias.
https://www.tradingview.com/x/dgXOmSE7/
Graph: M5
Bitcoin's price follows below the BB's central line (red line) and well below the VWAP and below the Ichimoku Cloud.
It will be important for the price of Bitcoin to continue positive advances above the area and price of $ 22,800 for possible developments above $ 23,000.
Buyers are having an extremely difficult time evolving above the $ 22,760 price range.
It will be important for these evolutions above U $ 22,780 and U $ 22,800 in the short term for buyers not to lose even more with the disadvantages created by the sellers, who may still extend these disadvantages below U $ 22,200.
Resistances: U $ 22,667 // U $ 2,767 // U $ 22,854 // U $ 22,932.
Support: U $ 22,549 // U $ 22,455 // U $ 22,346 // U $ 22,225
https://www.tradingview.com/x/mVntsKjr/
BTC dominance 66.29%
“Investing in Bitcoin: many will make money and others lose, the difference is how much knowledge and preparation you have.” ------ Ricardo Limite.
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nº257
