Bitcoin Price Evolution Analysis 28.01.2021

By CSM TRADER | CSM TRADER | 28 Jan 2021

Bitcoin Price Evolution Analysis 28.01.2021

by CSM TRADER

nº283

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.

https://www.tradingview.com/x/8q9s3I9C

Graph H4:

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.

https://www.tradingview.com/x/VyBzo7Cr/

Graph H1:

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.

https://www.tradingview.com/x/8GlMtV5Q/

Technical indicators: H1

RSI: The RSI on the BTC H1 chart time is at level 74 and stabilized.

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

MACD: The MACD on the BTC's chart time is at the positive 75 level and biased higher.

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

OBV: The OBV in BTC's H1 graphical time is at level 868 and low bias.

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