Bitcoin Price Evolution Analysis 23.12.2020

by CSM TRADER

 nº259

 BTC price U $ 23,480.

BTC price on Braziliex R $ 123,068.

Price USD / BRL R $ 5.16.

Price EUR / BRL R $ 6.29.

Gold Price 1g R $ 308.18.

Good morning to all readers.

Bitcoin price follows an upward trend; as long as it stays above the price range of $ 23,220 and $ 23,000 for the next sessions.

The price of Bitcoin a few past sessions has seen strong positive developments, moving out of the $ 22,600 price range and breaking through resistance ahead and thus reaching the $ 24,050 price range.

Now at the time of writing, the price of Bitcoin continues in negative correction in the price area of ​​$ 23,532 in relation to the last positive evolution in the $ 24,050.

Bitcoin's price appears to be in consolidation for yet another big positive evolution above the $ 24,000 price range.

If the price of Bitcoin happens to start its positive evolutions above the $ 23,500, $ 23,660 and $ 23,800 price areas, the possibilities for a good advance above the $ 24,100 price area could happen again.

This advance above the resistance in the price range of U $ 24,000 and U $ 24,120 will be extremely important for possible developments above U $ 24,220.

It will be extremely important the positive advance above the price area of ​​U $ 23,880, for the Bitcoin price does not go into exhaustion and may return in negative corrections below the price area of ​​U $ 23,400 and U $ 23,220, where it may extend below of U $ 23,080.

Bitcoin's price needs to hold for the next sessions above the $ 23,000 price range.

On the other hand, if the price of Bitcoin fails to extend its earnings above the $ 24,000 and $ 24,120 price range, the possibilities for a return below the $ 24,000 price range may occur.

In the case mentioned above, Bitcoin's price may still return to negative corrections below the $ 23,500 price range and below the $ 23,400 and $ 23,350 price range or even below $ 23,220.

A good close of the daily was made above the price range of U $ 23,810.

For today, a good daily close would be above the price range of U $ 23,880 and U $ 24,000. A close above the $ 24,360 price range could start a race towards the $ 25,000 price area.

Buyers are back in control of the situation and continue with the Bitcoin price above the $ 23,600 price range.

Buyers made a great recovery above the $ 22,600 price range and were back in control of the situation where they tested the $ 24,050 price area.

It will be necessary for buyers to continue consolidations and positive developments above the price range of U $ 23,400 and U $ 23,350, for the continuation of positive developments above the price area of ​​U $ 23,500 and U $ 23,600.

Buyers appear to be gearing up for yet another major evolution above the $ 24,000 price point.

If buyers achieve this evolution above the $ 24,000 price range they will have to raise and stabilize Bitcoin's price above the $ 24,120 price range for consolidations and possible developments above this price area.

Only a good advance by buyers above the area and price of U $ 24,220 and U $ 24,350 can "open the door" for further gains above the U $ 24,550 price area.

If buyers fail with developments above the $ 24,000 and $ 24,120 price range, the possibilities for sellers to take advantage of and get strong in controlling the situation may occur.

If sellers get in control of the situation below the $ 24,000 or $ 23,880 price range, the possibilities of creating more disadvantages below the $ 23,760 and $ 23,600 price range may reoccur and still extend below the price range of U $ 23,550 and U $ 23,420.

A good close of the diary was made by buyers above the $ 23,800 price range.

For today, a good daily close would be above the price range of U $ 23,880.

A daily close by buyers above the $ 24,360 price range could open up good advantages for further possible gains above the $ 24,500 price area, which will be a major resistance to be overcome by buyers.

It follows buyers in consolidations and developments above the $ 23,120 price range; after the correction that was under $ 23,000.

Bitcoin TODAY on Braziliex: H1

Just now, the price of Bitcoin on Braziliex has just made yet another new historic rise in the price of Bitcoin in Brazil; reaching the price range of R $ 123,198.

The price of Bitcoin today on Braziliex continues with good consolidations and developments above the price areas of R $ 119,600 and R $ 120,800.

The Bitcoin price on Braziliex entered into consolidation above the price range of R $ 120,000 and with that the developments above the price area of ​​R $ 122,000 are occurring and it seems that the developments may follow above the price area of ​​R $ 123,198 and still have the possibility to make more historic highs.

If the price of Bitcoin on Braziliex fails to exceed the price range of R $ 123,200, the possibilities for a beginning of negative corrections may arise and with that the possibilities of negative advances below the price area of ​​R $ 122,400 may arise and extend below R $ 121,200.

Buyers on Braziliex remain very comfortable in controlling the situation with their consolidations and possibly will be able to continue positive developments above the price range of R $ 123,000 and go in search of another new historic top in Braziliex, where it may extend above the price range of R $ 125,000. above the price area of ​​R $ 121,600.

If buyers fail with the developments above the price areas of R $ 122,600 and R $ 123,200, the possibilities of a seller's entry in the control of the situation may occur, and with that the sellers may create the disadvantages that may extend below the price area of ​​R $ 122,600 and R $ 121,800 where buyers will have to try to stop sellers above the price area of ​​R $ 121,200 in order not to have major disadvantages below R $ 121,000 and R $ 120,600.

It follows buyers in an attempt to evolve above the price range of R $ 121,400; where they need to stop sellers above the price range of R $ 121,000 in the short term.

Resistances: R $ 121,885 // R $ 122,413 // R $ 123,039 // R $ 123,502.

Support: R $ 121,222 // R $ 120,718 // R $ 120,133 // R $ 119,494.

https://www.tradingview.com/x/xH4PfNVP

Graph: H4

Bitcoin's price remains above the EMA 50 and 100 and above the Ichimoku Cloud.

Bitcoin's price failed to exceed the $ 23,800 price range and as a result it has just now made a bearish correction below the $ 23,500, $ 23,260 and $ 23,000 price range, where it went to test the area price of $ 22,808.

The probabilities of a test lower than the $ 22,380 price range may occur; and with that the Bitcoin price is expected to reverse its trend towards positive developments back and above the $ 22,880 price range so as not to continue further losses below this price area.

If the price of Bitcoin continues negative advances below the price range of $ 22,800 and $ 22,300 the possibilities and a test on the last fund formed in the price area of ​​$ 21,812 may occur and if the negative corrections give the continuities below U $ 21,800 the possibilities for advances below the U $ 21,600 price range may arise.

Sellers came into control of the situation after buyers failed to move Bitcoin's price above the $ 23,800 price range.

Sellers may want to test the last fund formed in the $ 21,812 price range.

It will be extremely important for buyers to bar sellers above this $ 21,812 fund, as below that sellers will make a new fund and the disadvantages for buyers may be even greater below $ 21,600.

It follows buyers trying to stop sellers above the $ 23,000 price range.

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 $ 23,250 // U $ 23,575 // U $ 23,855 // U $ 24,072.

Support: U $ 22,897 // U $ 22,626 // U $ 22,327 // U $ 21,938.

https://www.tradingview.com/x/Ck3QgVCf/

Graph H1:

Bitcoin's price remains below EMAs and slightly above the Ichimoku Cloud.

The Bitcoin price went into exhaustion and failed to exceed the $ 23,800 price range, and with that corrections came where they reached the $ 22,808 price range.

It will be extremely important for the Bitcoin price to have a well-consolidated good return above the price range of U $ 23,120 for the next sessions, for the return of developments above the price area of ​​U $ 23,220 and U $ 23,360; that were supports and now become resistance.

If the price of Bitcoin goes down there is a continuation of negative corrections below the price range of $ 23,000; the possibilities for advances below the $ 22,600 price range may arise.

We still have a probability for the next sessions, a test or even a new fund below the last fund formed in the price area of ​​U $ 21,812, where it exceeds U $ 21,812 to the probabilities of a new fund below U $ 21,600 may to occur.

It will be important that the price of Bitcoin for the next sessions comes back with its consolidations above the $ 23,000 price range and above the EMA 100 for the consolidation round and possible developments above $ 23,260.

Sellers are still in control of the situation and the disadvantages may extend below the price range of $ 23,000 and $ 22,880.

It will be extremely important for buyers to regain control of the situation above the $ 23,000 price range.

It follows buyers in an attempt to bar sellers above the $ 23,000 price range.

Resistances: U $ 23,150 // U $ 23,331 // U $ 23,490 // U $ 23,626.

Support: U $ 23,051 // U $ 22,847 // U $ 22,692 // U $ 22,556.

https://www.tradingview.com/x/t9LgKDZT/

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at the 0.044 level and has a downward bias.

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

MACD: The MACD at the BTC chart time is at the 6.68 positive level and with a downward bias.

https://www.tradingview.com/x/4vT7OXD9/

OBV: The OBV at the BTC's H1 chart time is at level 317 and bearish bias.

https://www.tradingview.com/x/5nE8snN9/

Graph: M5

Bitcoin's price follows below BB's central line and below VWAP.

It will be necessary for the Bitcoin price to advance back above BB's central line for the return of positive developments above the $ 23,250 price range.

If the price of Bitcoin returns to the price area of ​​the last fund formed in the price area of ​​$ 21,812 only the formation of a double fund can reverse this situation of negative corrections.

Above U $ 22,000 the price of Bitcoin should continue to make positive progress above U $ 22,350 in order not to fall below U $ 22,120 and U $ 22,000.

Resistances: U $ 23,038 // U $ 23,114 // U $ 23,175 // U $ 23,226.

Support: U $ 22,951 // U $ 22,882 // U $ 22,802 // U $ 22,772.

https://www.tradingview.com/x/GMl6j2kU/

BTC dominance 67.95%

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nº259