Bitcoin Price Evolution Analysis 25.01.2021
by CSM TRADER
nº280
Price of BTC U$ 33,038.
BTC price at Braziliex $ 183,884.
Price USD/BRL R$ 5.46.
Price EUR/BRL $ 6.64.
Price Gold 1g R$ 324.14.
Good morning to all readers.
The price of Bitcoin follows me upward trend above the price area of U$ 30,900.
The price of Bitcoin this weekend 23 and 24 was in consolidation between the price areas of $ 31,300 and $ 33,050, even testing the price area of $ 30,899.
After the test in the price area of $30,899, the Bitcoin's price has resumed positive advances above the price areas of $31,000, $32,000 and $33,500 arriving in the price area of $33,797.
Now at the time of writing the Bitcoin price follows with a small correction in the price area of $33,060.
It will be necessary for the Bitcoin price to stay above the $32,680 and $33,120 price area to give the continuity of positive consolidation.
In the case mentioned above, it will be necessary for the Bitcoin price to evolve above the resistance formed in the price area of $33,500 for the return of possible tests in the price area of $33,800 and so advances above the price area of $34,000 and $34,120 may occur.
If the Bitcoin price fails in positive evolutions above the price area of $33,500 the disadvantages may appear below the price areas of $33,120 and $33,000.
Below the $33,000 the possibilities of negative developments for the price areas of $32,860 and $32,500 may arise and may still extend below the price area of $32,120.
It will be extremely important that the price of Bitcoin is above the support in the price area of U$ 32.000 so as not to have great disadvantages below and can visit the price area of U$ 31.660.
It was made a daily closing above the price area of U$ 32.200.
For today a closing of the diary above the price area of U$ 32,800 will be of good size or above the EMA 100 (H1).
The buyers are back in control of the situation above the price area of $ 32,500.
The sellers were able to test the $30,899 price area and soon after the buyers entered the control of the situation and made the necessary advances up the $32,500 price area and further evolved the Bitcoin price up the $33,500 price area to test the $33,797 price area.
Now at the time of writing the buyers follow the Bitcoin price above the $33,077 price area and need to give the continuity of consolidations and positive evolutions at least above the $32,800 price area for the next sessions.
In the case mentioned above, if buyers lose the $32,600 and $32,500 price area to sellers the downside loops below the $32,120 and $32,000 price areas may arise.
It will be of extreme importance for buyers to advance above the resistance in the price area of $ 33,500 for the possible evolutions above $ 33,800 and with that, the possibility of advance to the price area of $ 34,000 may be on the way.
A closing of the diary was made above the price area of U$ 32,200.
For today a good closing of the diary would be above the price area of U$ 32,800.
Follow the buyers above the price area of $ 33,120.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin at Braziliex after having tested the price area of $ 172,200 this weekend; the positive evolutions are back over the price area of $ 176,600 and $ 178,000.
Now at writing time, the price of Bitcoin at Braziliex follows above the price area of R$ 180.000, that is, the price area of R$ 181.150.
It will be important for the price of Bitcoin at Braziliex the continuity of consolidations and positive evolutions above the price areas of R$ 178,360 and R$ 179,000, so that the possible evolutions above the price area of R$ 184,500 can occur again, where a test has already been made on the price area of R$ 184,267.
On the other hand, if the Bitcoin price at Braziliex doesn't get the necessary advances above the price areas of $ 184.000 and $ 186.200 the disadvantages could arise and with that below the price areas of $ 182.000 and $ 180.000 and still extended to below the price area of $ 178.600.
The buyers are still in control of the situation; but they need evolutions above the price area of the $ 184,120 for the next sessions, to leave an area of risk which is to stay with the price of Bitcoin near the price area of $ 180,000.
Just a good advance of the buyers over the price area of the $ 185,600 for the turns of positive evolutions over the $ 187,000 and $ 189,000.
Below the price area of R$ 180.000, the sellers will be able to enter in the control of the situation and with this create the disadvantages below the price area of R$ 178.600 and R$ 176.460.
It follows the buyers on the attempt of evolutions upwards of the price area of the $ 182.660.
Resistances: R$ 183.013 // R$ 184.496 // R$ 185.983 // R$ 187.740.
Supports: R$ 180.549 // R$ 178.683 // R$ 176.761 // R$ 174.785.
https://www.tradingview.com/x/0IrQXfdr
Graph H4:
The price of Bitcoin follows below the MPEs 50 and 100 and below the Ichimoku Cloud.
It will be important for the price of Bitcoin the continuities of positive evolutions upwards of MPEs 50 and 100 for the next sessions to try a strong advance upwards of the price area of U$ 34.00.
Only with a good advance above the price area of $33,800 for the possible evolution to a new price level that would be above the price area of $34,000 and $34,220.
The buyers continue to control the situation and need a good advance above the price area of $ 33,500 to try to continue positive advances above the price area of $ 33,800.
If buyers fail to advance above $33,380 and $33,500 the chances that sellers will gain control of the situation will not be ruled out and still create disadvantages that may go down from the $33,000 price area and still extend below $32,760 where above the $32,500 price area buyers will have to bar sellers to no longer have disadvantages below $32,320 and $32,120.
It follows the buyers in the attempt of evolutions above the area of price of U$ 33.300.
The chart in H4 will follow all week to have a parameter of Bitcoin price evolution. Only the resistance and support adjustments will be made.
Resistances: U$ 33.595 // U$ 34.061 // U$ 34.476 // U$ 34.942.
Brackets: U$ 33.038 // U$ 32.585 // U$ 32.079 // U$ 31.548.
https://www.tradingview.com/x/S0nceX6Q/
Graph H1:
The price of Bitcoin follows above EMAs 20, 50 and 100 and above Ichimoku Cloud.
It will be necessary for the Bitcoin price to advance above the EMA 5 to give the continuity of possible advances above the price area of U$ 33,333 and with that the attempts to break in the price area of U$ 33,500 may arise.
Buyers need to continue positive developments above the EMA 100 in order not to start having the disadvantages created by sellers below the $32,850 and $32,740 price area.
Follow the buyers in trying to evolve above the EMA 5.
Resistance: U$ 33.335 // U$ 33.580 // U$ 33.831 // U$ 34.133.
Supports: U$ 32.992 // U$ 32.783 // U$ 32.535 // U$ 32.286.
https://www.tradingview.com/x/FvQGv6yf/
Technical indicators: H1
RSI: The RSI on the BTC H1 chart time is at level 45 and with a small bearish bias.
https://www.tradingview.com/x/e2ENvzVR/
MACD: MACD on BTC's chart time is at positive level 278 and stabilized.
https://www.tradingview.com/x/RBHRz3AE/
OBV: The OBV in BTC's H1 graphic time is at level 871 and bias upwards.
https://www.tradingview.com/x/41358qKo/
M5 Graph:
The price of Bitcoin follows above BB's center line and above VWAP
It will be important for the price of Bitcoin whether it stands out above the Ichimoku Cloud to give the continuity of positive evolutions above the price area of U$ 33,220.
It follows the buyers in controlling the situation and with the attempts to evolve the price of Bitcoin above the price area of U$ 32,320.
Resistances: U$ 33.234 // U$ 33.310 // U$ 33.382 // U$ 33.456.
Supports: U$ 33.118 // U$ 33.032 // U$ 32.922 // U$ 32.817.
https://www.tradingview.com/x/DDVk2Q2e/
BTC dominance 63.21%
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nº280
