Bitcoin Price Evolution Analysis 24.12.2020

by CSM TRADER

 nº260

 BTC price U $ 23,360.

BTC price on Braziliex R $ 122,000.

Price USD / BRL R $ 5.21.

Price EUR / BRL R $ 6.36.

Gold Price 1g R $ 311.27.

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Bitcoin price follows an upward trend as long as it is above the price range of $ 23,120 and $ 23,000.

Bitcoin's price failed once again to try to overcome strong resistance in the $ 24,120 price range.

In the case mentioned above there was a downward correction where the Bitcoin price even extended these corrections below the $ 22,700 price range and even testing in the $ 22,599 price range, which is still strong support.

Now at the time of writing the price of Bitcoin is in the price range of $ 23,314.

The Bitcoin price needs to gain strength and evolve its price above the price range of $ 23,420 and $ 23,500 to continue positive developments and try once again to break above the $ 23,600 price area and with that the possibilities of testing again in the $ 23,800 price range may occur; and if the great resistance of U $ 23,800 is overcome, the possibilities of advances above U $ 24,000 may arise.

It will be extremely important for the Bitcoin price to evolve again, staying above the price range of U $ 22,600 and U $ 22,000, to give continuity to consolidations and positive developments above these price areas.

A good close of the daily was made above the price range of U $ 23,220.

For today, a good close will be above the price range of $ 23,550.

Buyers remain in control of the situation above the $ 23,000 price range.

Buyers failed once again to try to exceed the $ 24,120 price range, and with that corrections extended to the $ 22,599 price range.

Buyers have taken control of the situation and returned with the Bitcoin price above the $ 23,000 price range.

Now at the time of writing, buyers follow the Bitcoin price above the $ 23,200 price range and above the EMA 100 (H1).

Buyers must continue consolidations and developments above the $ 23,000 and $ 22,800 price range in order not to start experiencing the disadvantages created by sellers below $ 22,700.

It will be extremely important for buyers to keep Bitcoin's price above the last support formed in the $ 22,600 price range; as below this price price area sellers will be able to gain more strength and extend disadvantages below $ 22,420.

A good close of the diary was made by buyers above the $ 23,220 price range.

For today, buyers need a close above the price range of U $ 23,500 to continue consolidations and developments above the price area of ​​U $ 23,360 and with that the attempts to evolve above the price area of ​​U $ 23,660 and $ 23,740 may arise.

It follows buyers in an attempt to evolve above the $ 23,200 price range and still needs to safeguard the $ 23,000 price range so as not to start experiencing the disadvantages created by buyers.

Bitcoin TODAY on Braziliex: H1

The Bitcoin price on Braziliex has made yet another new historic top in Brazil, reaching the price range of R $ 124,195.

The price of Bitcoin today on Braziliex remains above the price range of R $ 120,000.

The Bitcoin price on Braziliex continues with good developments and consolidations above the R $ 119,000 price area, where a few sessions in the past were tested in the R $ 119,200 price area.

It will be important for the Bitcoin price in Braziliex the continuity of consolidations and positive developments above the great support formed in the price area of ​​R $ 119,000, for advances above the price areas of R $ 123,000 and R $ 124,000.

 Buyers need a good break above the resistance of R $ 123,500 and a stability with the Bitcoin price on Braziliex above the price range of R $ 123,000 for possible developments above the price area of ​​R $ 124,000 and R $ 124,460 and with that a new type of history above the price range of R $ 125,000 may arise.

If buyers go into exhaustion from attempts to exceed the price range of R $ 123,000 and R $ 124,000, the possibilities for sellers to get in control of the situation and start creating the downside of the R $ 122,000 price range may arise.

In the case mentioned above, it will be extremely important for buyers to stop sellers above the big support in the R $ 119,000 price area, because below this price area, sellers will gain strength and extend these disadvantages below the R $ price area. 118,600 and R $ 118,000.

It follows buyers on Braziliex in an attempt to evolve above the price range of R $ 121,000.

Resistances: R $ 122,010 // R $ 122,434 // R $ 123,128 // R $ 123,705.

Support: R $ 121,675 // R $ 121,015 // R $ 120,433 // R $ 119,530.

https://www.tradingview.com/x/tL4LHeJJ

Graph: H4

Bitcoin's price remains above the EMAs 100 and 50 and above the Ichimoku Cloud and above the VWAP; however, below EMAs 20 and 5.

The price of Bitcoin for the next sessions is expected to remain above the price range of $ 23,120 and $ 23,000 so that there are no negative developments below the price areas of $ 22,880 and $ 22,760.

In the case mentioned above, the price of Bitcoin should remain above the support of U $ 22,600 and supported by EMA 50, because below it, negative developments may extend below the price area of ​​U $ 22,500 and U $ 22,440.

Buyers need to continue positive developments above the $ 23,350 price range for the next sessions so as not to go into exhaustion and sellers will be able to take advantage and create disadvantages that may extend below $ 23,120.

It will be of utmost importance that buyers defend the $ 23,000 price range for the disadvantages created by sellers do not extend below the $ 22,880 price range.

It follows buyers struggling to advance above the $ 23,300 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 $ 23,338 // U $ 23,561 // U $ 23,795 // U $ 24,012.

Support: U $ 23,062 // U $ 22,810 // U $ 22,580 // U $ 22,354.

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

Graph H1:

Bitcoin's price remains below EMAs, but is still supported above VWAP and within the Ichimoku Cloud.

The Bitcoin price remains supported above VWAP and should continue this above it to continue consolidations and developments above the price range of $ 23,060.

It will be necessary for the Bitcoin price to return above the EMA 100 for the return of attempts at positive advances above the $ 23,300 price area and thereby evolve above the $ 23,440 price area which will be extremely important for the next sessions.

Buyers continue to struggle with developments with the Bitcoin price above the $ 23,260 price range.

The possibilities for sellers to get in control of the situation and go in search of the $ 22,600 price range still remain and buyers will have to bar sellers at all costs to avoid major disadvantages below $ 22,550 and $ 22,460.

It follows buyers in the difficulty of keeping Bitcoin's price above VWAP (wine line).

Resistances: U $ 23,171 // U $ 23,269 // U $ 23,361 // U $ 23,468.

Support: U $ 23,073 // U $ 22,958 // U $ 22,865 // U $ 22,728.

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

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at level 65 and has a downward bias.

https://www.tradingview.com/x/Tlhsj74f/

MACD: The MACD at the BTC chart time is at the negative level -74 and with a downward bias.

https://www.tradingview.com/x/1TwDO3B4/

OBV: The OBV in the BTC's H1 chart time is at level 297 and has a downward bias.

https://www.tradingview.com/x/B4hSXyYX/

Graph: M5

Bitcoin's price remains above the VWAP, but below the Ichimoku Cloud and below the BB's central line.

The price of Bitcoin needs to go beyond the central line of BB (Bollinger bands red line) for the return of developments above the Ichimoku Cloud and above the price range of $ 23,280.

Resistances: U $ 23,234 // U $ 23,302 // U $ 23,364 // U $ 23,443.

Support: U $ 23,132 // U $ 23,037 // U $ 23,956 // U $ 22,878.

https://www.tradingview.com/x/pZ9l0514/

BTC dominance 69.50%

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nº260