Bitcoin Price Evolution Analysis 26.01.2021
by CSM TRADER
nº281
BTC Price U$ 31,655.
BTC price at Braziliex U$ 179,548.
Price USD/BRL R$ 5.46.
Price EUR/BRL $ 6.63.
Price Gold 1g R$ 327.82.
Good morning to all readers.
Bitcoin price follows in a downward trend below the price area of U$ 32,500.
The price of Bitcoin at some past sessions, once a good evolution above the price areas of U$ 33,000 and U$ 34,000, even testing the price area of U$ 34,875.
In the case mentioned above, the Bitcoin price failed to advance above the $35,000 price area and went into negative corrections below the $34,000, $33,000, $32,000 and $31,500 price areas where it tested the $31,099 price area.
Now at the time of writing the Bitcoin price is in the $31,968 price area.
It will be necessary for a positive advance that the Bitcoin price advances above the EMAs 20 and 50 and still above the central line of BB (Bollinger bands), in the short term.
If the price of Bitcoin for the next sessions does not achieve a good positive advance and if it stabilizes above the price areas of U$ 32,220 and U$ 32,660 the negative corrections may continue to happen below the price areas of U$ 31,220, U$ 31,000 and may still extend below U$ 30,800.
The Bitcoin price may be on its way to the lower price area of $30,000, where it may test again the price area of $28,850 and may extend this time below the price area of $28,000.
A test in the price area of U$ 27,500 and U$ 27,400 may occur.
Only a good advance and with strong consolidations above the U$ 32,550 and U$ 33,120 price areas can invalidate this negative correction in the short term.
It was made a closing of the diary below the price area of U$ 32,500 where it closed at U$ 32,250.
For today would be important a closing of the daily above the area of price of U$ 32,000.
The buyers continue in a very difficult situation with the price of Bitcoin staying below the price area of $ 32,500 and $ 33,000 or below the EMA 100 (H1).
The buyers managed to make a new top in the price area of $34,875, but they couldn't evolve to $35,000, and also couldn't keep the Bitcoin price long above the price area of $34,500, and with this, the sellers got in control of the situation and created disadvantages down the price areas of $34,000 and $32,000 and even tested the price area of $31,099.
Now at the time of writing the buyers try to continue positive developments upwards from the $32,440 and $32,500 price area.
In the case mentioned above, it will be of extreme importance for the buyers this positive advance upwards of U$ 32.500 and U$ 32.780 to leave a great area of risk that is to stay with the price of Bitcoin below the central line of BB that is the area of the sellers.
The buyers need in the short term this advance.
If the sellers continue to have the strength to hinder the advances of the buyers, they can regain more strength and create the disadvantages again below the price areas of $ 32,000 and $ 31,800 and still extend these disadvantages below $ 31,000.
Sellers are keeping an eye on the $28,850 price area where they have already done a test and may still want to play the Bitcoin price further below $28,000.
Only a good advance above the EMA 100 (H1) for buyers to return to full control of the situation.
It was made a daily closing above the price area of U$ 32,250.
For today a closing above the price area of U$ 32,000 would be of good size.
It follows the buyers in the attempt of positive advances above the price area of U$ 32,400.
Bitcoin TODAY at Braziliex: H1
The price of Bitcoin today at Braziliex follows a downward trend below the R$ 180,000 price area.
The price of Bitcoin at Braziliex has not managed to stay above the price areas of R$ 180,000 and R$ 182,000, and with this negative corrections are appearing below the price areas of R$ 177,000 and R$ 176,000.
It will be important for the price of Bitcoin at Braziliex a return to the price areas of R$ 178,000 and R$ 180,000 for the attempts to return to the advances and consolidations above the R$ 182,000 and R$ 183,200.
If the Bitcoin price at Braziliex fails to evolve above the price area of R$ 180,220 in the short term, the corrections may continue and below the R$ 177,000 and still extend below the price areas of R$ 175,200 and R$ 174,600.
The buyers at Braziliex lost control of the low price area of R$ 180,000.
Only a good advance of the buyers with positive evolutions and consolidations above the price areas of R$ 182,400 and R$ 183,200 for a return to the control of the situation, and still being able to extend these gains above the price area of R$ 185,000.
On the other hand, if the sellers at Braziliex continue to control the situation below the price area of R$ 180,000 the disadvantages may continue happening below the price areas of R$ 177,000 and R$ 176,200, and yet may extend below the R$ 174,120.
It follows the buyers in an attempt to evolve the price of Bitcoin at Braziliex to above the price area of R$ 181,800.
Resistances: R$ 181,445 // R$ 183,246 // R$ 185,048 // R$ 186,747.
Supports: R$ 178.117 // R$ 176.427 // R$ 174.676 // R$ 172.669.
https://www.tradingview.com/x/IXbM1K5X
Graph H4:
The price of Bitcoin follows below the EMAs and below the Ichimoku Cloud, but a little above the VWAP that is still giving a small support above the price area of U$ 31,800.
It will be necessary for the Bitcoin price a good advance above the EMA 5 and 20 for the possible positive advances above the U$ 33,000 price area.
If the Bitcoin price continues to fall below the AMS 5, 20 and 50 for the next sessions the odds of a turn below the price area of $32,000 and $31,800 may occur.
The sellers are still in control of the situation and seem to be weakening the buyers again below the $32,330 price area.
Only a strong advance by buyers above the $32,600 price area to try to get back in control of the situation above the $33,000 and $33,120 price areas.
It is still very complicated for the time being for the buyers' side.
It follows the buyers in trying to evolve the Bitcoin price above the $32,000 price area.
Resistance: U$ 32.146 // U$ 32.855 // U$ 33.491 // U$ 33.919.
Supports: U$ 31.656 // U$ 31.131 // U$ 30.617 // U$ 30.054.
https://www.tradingview.com/x/BDQTDf9U/
Graph H1:
The price of Bitcoin is below EMAs 20, 50 and 100, below the Ichimoku Cloud and below the BB center line.
The price of Bitcoin to return to positive evolutions above the price area of U$ 32,500 and U$ 33,000 will need evolutions above the EMA 100 and above the Ichimoku Cloud, in the short term, and still stay in consolidations above them so as not to have disadvantages again.
If the price of Bitcoin continues negative evolutions below Ichimoku Cloud and below EMAs the probability of a test in the lower line of BB may occur, and with that, the disadvantages may extend below $ 31,000.
The situation for buyers is not at all easy below $33,000.
Only consolidations and a good advance above the $32,400 and $33,000 price area can reverse the situation for buyers, because below this $33,000 and $32,600 price area the sellers will continue to create the downsides below the $32,000, $31,800 and $31,500 price areas.
Buyers will still have to try to bar vendors above the $30,000 price area because below that vendors will seek $28,500 and $27,440.
It follows the buyers trying to minimize the disadvantages that are being made by the buyers below the price area of $ 32,000.
Resistance: U$ 32.080 // U$ 32.346 // U$ 32.621 // U$ 32.888.
Supports: U$ 31.805 // U$ 31.507 // U$ 31.114 // U$ 30.855.
https://www.tradingview.com/x/WBL6GisV/
Technical indicators: H1
RSI: The RSI on the BTC H1 chart is at level 72 and biased upwards.
https://www.tradingview.com/x/tlkIN8L2/
MACD: MACD on BTC's chart time is at the negative -336 level and with a small bearish bias.
https://www.tradingview.com/x/rfSWbPoa/
OBV: The OBV in BTC's H1 graphic time is at level 862 and low bias.
https://www.tradingview.com/x/9ktLP1mx/
Graph M5 :
The price of Bitcoin follows below VWAP and below BB's center line.
The price of Bitcoin is having difficulties advancing up the price area of U$ 32,000.
It will be important for buyers to bar sellers above the U$ 31,000 price area in order not to have the continuity of negative developments made by sellers below the U$ 30,880 price area.
Resistance: U$ 31.741 // U$ 31.804 // U$ 31.872 // U$ 31.933.
Supports: U$ 31.664 // U$ 31.590 // U$ 31.520 // U$ 31.441.
https://www.tradingview.com/x/ENKRJAVm/
BTC dominance 63.22%
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nº281
