Bitcoin Price Evolution Analysis 28.12.2020
by CSM TRADER
nº262
BTC price U $ 26,938.
BTC price on Braziliex R $ 140,000.
Price USD / BRL R $ 5.21.
Price EUR / BRL R $ 6.38.
Gold Price 1g R $ 312.14.
Good morning to all readers.
Bitcoin price follows its upward trend as long as it is above the $ 26,500 and $ 26,000 price areas.
The price of Bitcoin made the biggest historic increase so far, which was in the $ 28,422 price range.
Since 12/25/2020 the price of Bitcoin has only evolved positively by breaking the price areas of U $ 24,000, U $ 25,000, U $ 26,000, U $ 27,000, U $ 28,000 and arriving at its biggest historical ATH in the area of price of $ 28,422.
Bitcoin's price has already exceeded the market value of $ 500 billion.
The price of Bitcoin began to rise sharply in early April when large financial institutions began to pay more attention to Bitcoin, and recently the large MicroStrategy and Paypal have gone heavily into Bitcoin investments.
Bitcoin's price now at the time of writing is in the $ 26,955 price range.
It will be necessary for the Bitcoin price to continue positive developments and consolidations above the $ 26,500 price area for the possibilities to enter the $ 27,000 price area and seek stability above it with new consolidations and developments.
Bitcoin's price seems to be having a hard time exceeding the $ 27,360 price range.
In the case mentioned above, the Bitcoin price needs to evolve above the $ 27,360 price range to continue positive developments above $ 27,450 and $ 27,550 where advancing above $ 27,660 and the possibilities for a new ATH above $ 28,500 may arise, and still extend above $ 29,120.
On the other hand, if the Bitcoin price fails once again in attempts to exceed the $ 27,360 price range, the disadvantages may arise and with that, the possibilities of a return to the $ 26,550 support price area and $ 26,380 may occur.
The price of Bitcoin is expected to remain above the $ 26,500 support as below the possibilities for negative advances below the $ 26,120 price range may occur and with that, a return in the $ 25,699 price area may arise, where a test has already been done.
The price of Bitcoin is expected to remain above EMA 50 (H1) in order not to have the continuity of disadvantages below it.
A daily close was made in the price area of U $ 26,270.
For today, a good closing of the daily for new consolidations will be above the price area of U $ 27,220.
Buyers remain in control of the situation plus many pressured by sellers below the $ 27,000 price range.
Good consolidation of buyers above the price range of $ 26,500 will be important for possible well-structured developments above the price area of $ 27,120 and $ 27,240.
Buyers now at the time of writing are priced at Bitcoin in the $ 26,790 price range, where they are struggling to make positive advances above the $ 27,000 price range.
It will be extremely important for buyers to stop sellers above support in the $ 26,500 price range.
Below $ 26,500, sellers will be able to gain more strength and extend their disadvantages below the $ 26,120 price point.
A daily close was made above the price range of $ 26,270.
For today, buyers will have to close at least above the $ 27,000 price range. Ideally, a close above the $ 27,120 price range.
It follows buyers in the fight with sellers to try to bar sellers above the $ 26,700 and $ 26,500 price areas.
Bitcoin TODAY on Braziliex: H1
The price of Bitcoin on Braziliex made yet another made its biggest historic high ever in Brazil, reaching the price range of R $ 149,300.
Since 12/11/2020 the price of Bitcoin on Braziliex has only evolved positively where it left the price range of R $ 89,600 and now in the writing garden it is in the price area of R $ 142,908.
The price of Bitcoin today on Braziliex for the continuation of positive developments above the price range of U $ 140,000, needs to be above the price area of R $ 136,600 and R $ 138,000 for the continuation of consolidations and positive developments above R $ 140,000.
In the case mentioned above, positive developments above the R $ 144,000 price range will be necessary for the Bitcoin price to leave a risk area because, if the Bitcoin price fails to try to exceed the R $ 143,800 price range, disadvantages may return to below R $ 140,000.
Buyers remain in control of the situation with the Bitcoin price on Braziliex and are attempting to evolve above the R $ 143,200 price area.
It will be important for buyers to see developments in excess of R $ 143,200 in the short term so as not to start having disadvantages created by sellers below the price area of R $ 141,460.
It follows buyers in an attempt to evolve above the price range of R $ 142,900.
Resistances: R $ 142,952 // R $ 143,944 // R $ 144,845 // R $ 146,047.
Support: R $ 140,417 // R $ 139,156 // R $ 137,774 // R $ 136,241.
https://www.tradingview.com/x/IHvv0Bv1
Graph: H4
Bitcoin's price remains above the EMA 20, 50 and 100 and above the Ichimoku Cloud; but below EMA 5 and below VWAP.
It will be necessary for the Bitcoin price to continue positive developments and consolidations above EMA 20 in order not to have major disadvantages below it.
Bitcoin's price is correcting now at the time of writing in the price area below the $ 26,700 price area.
It will be important for the Bitcoin price to stay above EMA 20 or above $ 26,000 for the next sessions so as not to start having disadvantages below the $ 25,880 price range and may extend below $ 25,660.
Buyers find it difficult to keep Bitcoin's price above the $ 26,800 price range and sellers are taking advantage of the situation and creating disadvantages below the $ 26,880 price range.
It follows buyers in an attempt to return the Bitcoin price above the price range of $ 26,880 and $ 27,000 for the next sessions.
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 $ 26,963 // U $ 27,300 // U $ 27,517 // U $ 27,809.
Support: U $ 26,562 // U $ 26,128 // U $ 25,694 // U $ 25,195.
https://www.tradingview.com/x/qcE0mTZq/
Graph H1:
Bitcoin's price remains above EMA 50 and EMA 100, but below EMA 20 and 5 below VWAP and entering the Ichimoku Cloud.
It will be important for the price of Bitcoin to stay above the EMA 50 (gray line) because below it the possibilities of a search for the EMA 100 (white line) may occur and with that the disadvantages may be much greater.
Bitcoin's price remains in correction below the $ 27,000 price range.
The price of Bitcoin presents a great difficulty to evolve positively above the price range of U $ 27,000 where it would be extremely important for the next sessions this advance above this price area and with that the stability and consolidations above U $ 27,000 will have to occur to give continuity to positive advances above U $ 27,120 and to return to attempting advances above the resistance of U $ 27,360.
In the case mentioned above, if the price of Bitcoin continues to evolve, developments above the price range of U $ 27,500 and U $ 27,600 may arise and still extend above the U $ 28,000 price range.
It will be necessary to break the triangle for possible developments above the $ 27,220 price range.
If buyers fail to overcome the resistance area in the $ 27,360 price area once again, the disadvantages created by sellers below the $ 27,000 and $ 26,880 price range may occur and still extend below the support of the $ 26,500 where it will be extremely important for buyers to defend this price area in order not to have possible continuities of disadvantages below the price area of $ 26,120.
Follow buyers in trying to evolve above the $ 26,880 price range.
Resistances: U $ 26,850 // U $ 26,971 // U $ 27,134 // U $ 27,271.
Support: U $ 26,671 // U $ 26,474 // U $ 26,309 // U $ 26,117.
https://www.tradingview.com/x/XV64vHZR/
Technical indicators: H1
RSI: The RSI at the BTC chart time H1 is at level 38 and has a downward bias.
https://www.tradingview.com/x/wgK2wZen/
MACD: The MACD at the BTC chart time is at the positive level 50 and with a downward bias.
https://www.tradingview.com/x/TknJWkvh/
OBV: The OBV at BTC's H1 chart time is at level 358 and with a slight upward bias.
https://www.tradingview.com/x/oPSWHill/
Graph: M5
Bitcoin price follows above BB's central line (red line) and well below VWAP (wine line)
It will be important for the Bitcoin price to make a direct advance above the $ 27,120 price range in the short term so that the Bitcoin price does not return with negative corrections below the $ 26,800 and $ 26,760 price area.
Buyers need good developments above the $ 27,000 area and price for the next sessions and stability and consolidations above this price area.
Resistances: U $ 26,835 // U $ 26,881 // U $ 26,923 // U $ 26,958.
Support: U $ 26,793 // U $ 26,751 // U $ 26,702 // U $ 26,651.
https://www.tradingview.com/x/sIVDtmxc/
BTC dominance 68.99%
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nº262
