Bitcoin Price Evolution Analysis 25.11.2020
by CSM TRADER
nº239
BTC price U $ 19,116.
BTC price on Braziliex R $ 104,249.
Price USD / BRL R $ 5.37.
Price EUR / BRL R $ 6.39.
Gold Price 1g R $ 313.58.
Good morning to all readers.
Bitcoin price follows its upward trend above the $ 18,700 price range.
The price of Bitcoin in some past sessions has even tested support in the price range of $ 18,620 just above the EMA 100 (H1); after reaching the price range of $ 19,419 and thus making another new annual high.
Now at the time of writing the price of Bitcoin remains above the price range of $ 19,160 and with that the evolutions and consolidations should occur above the price area of $ 18,900 and $ 19,000 to give continuity to evolutions and attempts of positive developments above the resistance in the price area of U $ 19,400 and with that the attempt to advance above U $ 19,500 may occur.
The Bitcoin price still needs good consolidations above the price range of $ 19,200 and $ 19,300 to be able to gain strength and advance above $ 19,500 for new consolidations above this price area, and with that the developments and testing above of the $ 19,700 price area may arise, and so the price of Bitcoin will be very close to the break of its historic price in the $ 19,800 price area and still be able to extend above the $ 20,000, and thus making a new one historic top.
It will be extremely important for the Bitcoin price to stay above the price range of $ 19,100 and $ 18,800 for the next sessions; as below this price area the likelihood of negative advances below the $ 18,700 price area and a test run or even extending below $ 18,600 may occur.
A daily close was made above the $ 19,130 price range.
For today, a close above the price range of U $ 19,400 will be extremely important for the consolidations and developments above it.
Ideally, a close above the $ 19,550 price range.
Buyers remain in control of the situation above the $ 19,000 price range.
Buyers tested the $ 19,400 price range and went into exhaustion so the sellers took care of the situation creating disadvantages that extended up to the $ 18,620 price area.
Soon after the buyers took control of the situation and are still in control above the $ 19,000 price range.
It will be extremely important for buyers to advance above the $ 19,500 price point for the next sessions.
Before this advance, buyers need to break the resistance of the $ 19,400 to continue making positive advances above the $ 19,460 price range.
Buyers cannot just enter a double top or go into exhaustion due to attempts to exceed the price range of $ 19,400 or $ 19,500 as sellers will then be able to take advantage of it and thereby create disadvantages that may reach below the price area $ 19,260 and therefore it will be extremely important for buyers to stop sellers in this price area so as not to miss all the changes made so far above the $ 19,000 price area.
Buyers need a “clean” and fast evolution, above the $ 19,400 price range.
Buyers closed the daily above the $ 19,130 price range.
For today, a good daily close would be above the price range of $ 19,500.
Follow buyers above the $ 19,280 price range and will attempt to advance above the $ 19,400 price range for the next session.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin today on Braziliex continues to evolve well above the price range of R $ 102,000.
The Bitcoin price on Braziliex needs to continue positive developments above the price range of R $ 105,249 where another historic top was formed and with that the probabilities of advances above R $ 106,600 may occur.
It will be necessary for the Bitcoin price on Braziliex to stay above the price range of R $ 102,600 in order not to have disadvantages below this price area and with that it may extend below R $ 102,200 and R $ 101,600.
Purchases are under control of the situation as long as they keep the Bitcoin price above the price range of R $ 102,000 for the next sessions.
Buyers are in consolidations with the Bitcoin price on Braziliex between the price areas of R $ 102,200 and R $ 104,500 where it will be necessary to advance above the price area of R $ 105,000 for new price levels and with that the developments above of R $ 106,000 may occur.
Buyers are preparing for a possible advance in the price range of R $ 110,000 in the medium term.
On the other hand, if buyers do not manage to evolve above the price range of R $ 105,000 and R $ 106,000 for the next sessions, they can go into exhaustion and thereby let the sellers get in control of the situation.
Once the sellers are in control of the situation, they can create disadvantages that may continue below the R $ 104,000 price range and may extend below R $ 103,400 where it will be extremely important for buyers to bar sellers above the R $ 104,000 price range. R $ 102,500 for not having heavy disadvantages below this price area.
It follows buyers on Braziliex in an attempt to develop above the price range of R $ 104,500 in the short term.
Resistances: R $ 104,497 // R $ 105,067 // R $ 105,701 // R $ 106,224.
Support: R $ 103,578 // R $ 102,775 // R $ 101,992 // R $ 101,021.
RSI: It is at level 71 and has an upward bias.
https://www.tradingview.com/x/xfZzFqW4
Graph: H4
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
The Bitcoin price needs to continue positive consolidations and developments above the $ 19,160 price range for possible advances above the resistance formed in the $ 19,430 price range and thereby advances above the US price range. $ 19,480 and $ 19,500 could come up.
Now at the time of writing, buyers follow the Bitcoin price above the $ 19,300 price range where they will find it difficult to move faster; however, buyers need consolidations above the price range of $ 19,240 to provide this continuity of positive advances above $ 19,380 and $ 19,400 for the next sessions.
If buyers fail to evolve the Bitcoin price above the price range of $ 19,460 and $ 19,500 for the next sessions, sellers will be able to take control of the situation and thereby create disadvantages that could extend below the price area support of $ 19,200 and buyers will lose all the good progress made so far.
It follows buyers in an attempt to evolve above the $ 19,316 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 $ 19,355 // U $ 19,453 // U $ 19,564 // U $ 19,700.
Support: U $ 19,163 // U $ 18,986 // U $ 18,811 // U $ 18,700.
https://www.tradingview.com/x/S0SQ2NkU/
Graph: H1
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
The price of Bitcoin seems to be about to break support in the price range of $ 19,400 and as a result positive developments above $ 19,460 need to continue for further consolidations above $ 19,300. and with that, an advance of more than U $ 19,500 for the next sessions may occur.
If the price of Bitcoin fails to advance above the price range of $ 19,400 and $ 19,480 the disadvantages below the price area of $ 19,300 and $ 19,280 may arise and with that they may extend below the price area of $ 19,200.
It will be extremely important for the price of Bitcoin this advance above the area and price of $ 19,440 for the continuation of consolidations and positive advances for the next sessions.
Buyers are in control of the situation and need a breakthrough above the $ 19,400 price range for the next session, and with that, developments above it will emerge.
Buyers cannot only go into exhaustion due to attempts to exceed the price range of U $ 19,400 and U $ 19,440, as this may complicate the side of the buyers, as the sellers will be able to get in strong control of the situation and create disadvantages that may extend under $ 19,200 support where sellers can earn more force and go for a test in the $ 19,048 price area.
Bitcoin price remains above Fibo 0.5% in the price range of $ 18,904 compared to below $ 18,008 and above Fibo 0.382% in the price area of $ 19,116 where it should remain, in order to continue the evolution above Fibo 0.236% in the price area of U $ 19,377 and with that the evolutions above the price area of U $ 19,500 could happen; because below Fibo 0.382% the disadvantages may arise and still extend to Fibo 0.5% where it would complicate the evolution of Bitcoin price for the next sessions.
It will be extremely important for buyers to continue positive advances above the price range of U $ 19,240 and U $ 19,300 for the next sessions, in order not to fall into exhaustion and hand over control of the situation to the sellers.
It follows buyers in the “fight” with sellers to keep Bitcoin's price above the $ 19,200 support.
Resistances: U $ 19,349 // U $ 19,428 // U $ 19,526 // U $ 19,612.
Support: U $ 19,274 // U $ 19,170 // U $ 19,079 // U $ 18,971.
https://www.tradingview.com/x/LcKfXtA8/
Technical indicators: H1
RSI: The RSI at BTC's H1 chart time is at level 97 and has a bullish bias.
https://www.tradingview.com/x/cIPn97sc/
MACD: The MACD at the BTC chart time is at level 85 and has a bullish bias.
https://www.tradingview.com/x/43ussX4d/
OBV: The OBV at the BTC H1 chart time is at level 236 and bears a downward bias.
https://www.tradingview.com/x/2oCCt6Ir/
Graph: H5
Bitcoin's price remains above the EMAs 20, 50 and 100 and above the Ichimoku Cloud.
It will be necessary for the Bitcoin price to continue making advances above EMA 5 for possible developments above the $ 19,300 price area and thereby return to the tests of attempting to evolve above the $ 19,400 price area.
Comparators are still struggling to return to positive advances above the $ 19,300 price range.
It follows buyers in an attempt to evolve above the $ 19,300 price range in the short term.
Resistances: U $ 19,295 // U $ 19,319 // U $ 19,347 // U $ 19,381.
Support: U $ 19,266 // U $ 19,235 // U $ 19,201 // U $ 19,157.
https://www.tradingview.com/x/vBXQGxOU/
BTC dominance 63.41%
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nº239
