Bitcoin Price Evolution Analysis 28.01.2021
by CSM TRADER
Price of BTC U$ 31,406.
BTC price at Braziliex R$ 168,932.
Price USD/BRL R$ 5.41.
Price EUR/BRL $ 6.55.
Price Gold 1g R$ 319.77.
Good morning to all readers.
Bitcoin price is on an upward trend above the U$ 30,000 price area.
The price of Bitcoin at some sessions passed in its negative correction down the price areas of U$ 31,000 and U$ 30,000 tested the price area of U$ 29,241.
When the Bitcoin price reached the $29,241 price area there was a reversal to positive evolutions upwards from the $31,650 price area where it corrected negatively again reaching the $29,840 price area, and came back with its positive evolutions upwards from the $31,878 price area, where it will be strong resistance to be overcome.
Now at the time of writing the Bitcoin price follows in the above of the U$ 31,120 price area in the U$ 31,200 price area.
In order to give the continuity of positive evolution, the Bitcoin price needs to exceed the resistance in the price area of $ 31,800 and also the $ 32,000.
If the price of Bitcoin fails to exceed the price areas of $ 31,800 and $ 32,000 the disadvantages may appear again below the price areas of $ 31,000 and may still extend below the price area of $ 30,333.
Only a good and strong advance above the EMA 100 (H1) to take the price of Bitcoin back to the price area of $32,000 and $32,220.
It was made a daily closing above the price area of U$ 30,339.
For today it would be very important to close the diary above the price area of $ 31,000 to continue to rise above $ 31,500.
The buyers returned to control the situation above the $30,800 price area after the sellers were able to test the $29,241 price area.
Now at the time of writing, buyers are having great difficulty continuing to make positive strides up the $31,800 price area.
It will be of extreme importance for the buyers this advances above the $ 31,800 and $ 32,000 for the next sessions.
If buyers fail to overcome the resistance of $ 31,800, sellers will be able to take advantage and take control of the situation.
Once sellers are back in control of the situation below the $30,800 price area, they can continue to make negative developments below the $30,550 and $30,333 price area, where they can still extend these disadvantages below the $30,000 price area and go for another test in the $29,400 price area or this time even further below the $29,200 price area; and can still enter the $28,000 price area.
Only a strong advance of buyers above the EMA 100 (H1) or above the price area of $ 32,120 to leave a large area of risk of further losses.
A daily closing was made above the $30,339 price area; but below the $30,500 price area.
For today a good closing of the diary would be above the price area of U$ 31.220.
It follows the buyers in the attempt to evolve the Bitcoin price above the $31,500 price area, where for next sessions they need a good advance above the $32,000 price area.
Bitcoin TODAY at Braziliex: H1
Bitcoin price at Braziliex today is on a rising trend above the R$ 151.788 price area.
Bitcoin price at Braziliex to some past sessions has tested the price area of the $ 151.788 and has evolved again positively above the price area of the $ 164.600 and $ 166.000.
Now at the time of writing the price of Bitcoin at Braziliex is in the price area of $ 172,249.
It will be important for the price of Bitcoin at Braziliex for the next sessions to keep above the price area of the $ 168,600 to give the continuity of consolidations and with this the positive evolutions can arise above the resistance of the $ 176,440.
On the other hand, if the price of Bitcoin at Braziliex does not achieve the advances above the price areas of R$ 174,000 and R$ 175,600 the disadvantages may appear again below the R$ 170,300 and may still extend below the price areas of R$ 169,360 and R$ 167,800.
Buyers at Braziliex will be able to regain control of the situation above the price areas of R$ 160,000 and R$ 170,000.
Now at the time of writing, the price of Bitcoin at Braziliex follows in the price area of R$ 172,249.
The buyers need to defend the price area of R$ 168,600 and R$ 168,000 in order not to have the continuity of negative developments created by the sellers to below R$ 164,500 and R$ 163,800.
Just a good advance of the buyers over the price areas of the $ 174.000 and $ 176.800 to get out of a risk area in the short term.
It follows the buyers in an attempt to evolve the price of Bitcoin at Braziliex to above the price area of R$ 173.240.
Resistances: R$ 172,450 // R$ 175,642 // R$ 177,748 // R$ 179,916.
Supports: R$ 168.988 // R$ 176.473 // R$ 164.478 // R$ 161.790.
The price of Bitcoin follows above EMA 5 and above VWAP, but below EMAs 20, 50 and 100 and below Ichimoku Cloud.
The price of Bitcoin needs to continue up the EMA 20 where a test has already been done for the evolutions above the price area of U$ 31,700 and U$ 31,800 may arise.
It will be necessary for the price of Bitcoin a good and consolidated evolution above the price area of U$ 32.000, for the next sessions.
Buyers cannot go into exhaustion for attempts to go beyond the $31,800 and $32,000 price area, because if they fail the sellers will get in control of the situation and may create negative evolutions down the $31,000 and $30,800 price areas.
Follow the buyers in the fight with the sellers to evolve the price of Bitcoin up the EMA 20.
Resistance: U$ 31,419 // U$ 31,670 // U$ 31,894 // U$ 32,100.
Supports: U$ 31.043 // U$ 30.793 // U$ 30.482 // U$ 30.099.
The price of Bitcoin follows above BB's central line, above VWAP and above EMA 20, but below Ichimoku Cloud, below EMA 100 and a little below EMA 5 and 50.
The price of Bitcoin seems to be facing difficulties in moving up the price area of U$ 31,700 and U$ 31,800.
It will be extremely important to advance the price of the Bitcoin above these price areas in order to continue the positive evolution above the price areas of $32,000 and $32,120.
If the Bitcoin price fails to overcome the resistance of $31,800 and $32,000 the disadvantages may appear below the price areas of $31,500 and $31,000.
Buyers need without much delay, the break in the price area of $ 32,000 not to go into exhaustion and with this the sellers will take advantage and may create disadvantages that may extend below $ 31,000.
Only a good advance of the buyers above the EMA 100 to achieve the positive advances above the $ 32,000.
It follows the buyers in trying to evolve the price of Bitcoin above the $31,360 price area.
Resistance: U$ 31.487 // U$ 31.759 // U$ 32.046 // U$ 32.228.
Supports: U$ 31.170 // U$ 30.958 // U$ 30.747 // U$ 30.414.
Technical indicators: H1
RSI: The RSI on the BTC H1 chart time is at level 74 and stabilized.
MACD: The MACD on the BTC's chart time is at the positive 75 level and biased higher.
OBV: The OBV in BTC's H1 graphical time is at level 868 and low bias.
The price of Bitcoin follows above VWAP, above BB's center line above Ichimoku Cloud.
The price of Bitcoin is keeping very well for now above the price area of U$ 31,220 and may evolve above U$ 31,500.
Buyers need the evolution above the price area of U$ 31,800 not to go into exhaustion.
Resistance: U$ 31.511 // U$ 31.588 // U$ 31.648 // U$ 31.711.
Supports: U$ 31.434 // U$ 31.351 // U$ 31.272 // U$ 31.118.
BTC dominance 63.14%
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