Bitcoin Price Evolution Analysis 29.12.2020

by CSM TRADER

 nº263

 BTC price U $ 26,594.

BTC price on Braziliex R $ 140,052.

Price USD / BRL R $ 5.24.

Price EUR / BRL R $ 6.42.

Gold Price 1g R $ 316.71.

Good morning to all readers.

Bitcoin price follows an upward trend as long as it is above the $ 26,000 and $ 26,120 price areas and above the EMA 100 (H1).

The price of Bitcoin a few past sessions tried once again to exceed the $ 27,220 price range, but again failed; and it only came to test the price range of $ 27,164.

After this test in the $ 27,164 price range, Bitcoin price started a bearish correction that continued until a few past sessions, even testing below support in the $ 26,000 price range, and shortly after testing the area price of $ 25,879; slightly above the last fund formed in the area and priced at $ 25,699.

Now at the time of writing the Bitcoin price continues with its positive developments above the price range of $ 26,600 and $ 26,700.

This correction may have even been healthy for Bitcoin's price to try to overcome the $ 27,200 price area again.

Remembering that; we have strong resistance in the price areas of U $ 26,820, U $ 27,000 and the strong resistance of U $ 27,220 and right after that of U $ 27,360 where the price will have to overcome and still stabilize and consolidate above U $ 27,220 and U $ 27,300 for the possible "escalation" stage above the U $ 28,000 price range.

It will be extremely important for the price of Bitcoin to stay above the price areas of U $ 26,220, U $ 26,120 and U $ 26,000, so as not to return to have the possible disadvantages below the U $ 25,879 price area and may extend up to price range of $ 25,699 or even lower than this price area.

For the next sessions, the Bitcoin price needs to stay above EMA 50 (H1) and evolve above EMA 20 (H1) for evolutions above the Ichimoku Cloud and thus consolidations and evolutions above U $ 26,800 may occur.

A good daily close was made above the $ 27,079 price range.

For today, a good daily close remains above the $ 27,000 price range. The ideal would be above the price range of U $ 27,120 or even above U $ 27,200.

Buyers have regained control of the situation above the $ 26,000 price range; after a drop in the price caused by the exhaustion of attempts to break in the price area of ​​the $ 27,220, where it is low, it came to test the price area of ​​the $ 25,879.

Now at the time of writing, buyers remain in control of the situation with the Bitcoin price above the $ 26,500 price range.

Buyers need to keep developments and consolidations above the $ 26,120 and $ 26,000 price range in order not to have the possible disadvantages created by sellers below the $ 26,000 price range and thus may extend further below the U $ 25,800 and $ 26,660.

A good close of the diary was made by buyers above the price range of U $ 27,079.

For today, buyers need a daily close above the $ 27,120 price range for further consolidations above it.

It follows buyers with developments above the price range of US $ 26,700 and already above EMAs 20 and 50 (H1).

Bitcoin TODAY on Braziliex: H1

Bitcoin's price today on Braziliex remains above the R $ 140,000 price range.

The price of Bitcoin on Braziliex continues to evolve well above the R $ 140,000 price range, where it is in consolidations and positive developments.

It will be necessary for the Bitcoin price on Braziliex to remain above the price range of R $ 138,600 and R $ 140,000 to give consolidations and developments above R $ 141,000 and R $ 142,400.

Buyers remain in full control of the situation with the Bitcoin price on Braziliex and with that it will be important that they maintain consolidations and developments above the price range of R $ 140,000.

In the case mentioned above, if buyers go into exhaustion due to attempts to exceed the price range of R $ 144,200 and R $ 145,000, an entry by the sellers to control the situation may occur and with that the disadvantages may appear below the price areas of R $ 142,400 and R $ 141,600 where buyers will have to bar sellers above R $ 142,200 in order not to have the possible disadvantages below R $ 140,000 and R $ 138,800.

It will be of utmost importance for buyers to keep the Bitcoin price on Braziliex above the price range of R $ 140,000 for the next sessions.

It follows buyers on Braziliex in an attempt to evolve above the R $ 140,000 price range. (now at the time of writing the price of Bitcoin has returned to the price range of R $ 140,073.

Resistances: R $ 142,018 // R $ 143,523 // R $ 144,975 // R $ 146,348.

Support: R $ 139,935 // R $ 138,773 // R $ 137,215 // R $ 135,498.

https://www.tradingview.com/x/iD7Pyhpl

Graph: H4

Bitcoin's price remains above the EMA 10, 50 and 20 and above the Ichimoku Cloud.

A test was performed below the EMA 20 (yellow line) but returned soon after it.

The price of Bitcoin needs to stay supported above EMA 5 for the next sessions to get out of a risky area that would be supported by EMA 20 where the possibilities of a return below it may occur.

The price of Bitcoin now at the time of writing remains above the price range of $ 26,700 and the possibilities for advances above the price area of ​​$ 26,880 and $ 26,900 for the next sessions may occur.

In the case mentioned above, it will be of the utmost importance that the Bitcoin price consolidates above the $ 26,400 and $ 26,550 price areas for possible developments above $ 27,000.

If the price of Bitcoin loses its buying power, the disadvantages may start to appear below the price areas of $ 26,500 and $ 26,340 and may still extend again in support of $ 26,000; so the importance of Bitcoin's price being above the EMA 20 (yellow line).

Buyers are still in control of the situation and have so far been performing well and consolidating above the $ 26,550 price point.

It will be important for buyers to continue to move upwards in the $ 26,800 price range.

On the other hand, if buyers lose the $ 25,500 price range to sellers, negative developments may appear below $ 26,440 and buyers will therefore have to have the strength to hold sellers above the $ 50 price range. 26,320 and $ 26,260, as below these price areas sellers will be able to gain more strength and further lower the price of Bitcoin below $ 26,120.

Follow buyers now at the time of writing with the Bitcoin price above the $ 26,720 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 $ 26,864 // U $ 27,194 // U $ 27,448 // U $ 27,709.

Support: U $ 26,439 // U $ 26,039 // U $ 25,683 // U $ 25,361.

https://www.tradingview.com/x/VW0JWEFP/

Graph H1:

The Bitcoin price remains above the EMAs and within the Ichimoku Cloud, where it will be of extreme importance for the Bitcoin price to rise above the Ichimoku Cloud in the short term to continue positive developments above the $ 26,980 price range.

The Bitcoin price is evolving well above the $ 26,500 price range, where the Bitcoin price now has some important supports for the continuity of positive developments.

It will be important for the Bitcoin price to consolidate well above the $ 26,420 and $ 26,550 price areas for well-structured developments to take place.

Buyers are still in control of the situation and it looks like they want to look for the $ 27,000 price points for the next session.

It will be extremely important for buyers to have a well-structured advance over the resistance of the $ 27,000, because if they do not succeed in this first advance, the disadvantages of returning below the $ 26,800 and $ 26,760 may occur and still put themselves at risk disadvantages below $ 26,660.

Buyers just can't miss the EMA 50 (gray line); as below this, the disadvantages created by the sellers may extend below the $ 26,600 and $ 26,550.

Follow buyers with the Bitcoin price now at the time of writing, above the $ 26,770 price range.

Resistances: U $ 26,847 // U $ 26,946 // U $ 27,047 // U $ 27,123.

Support: U $ 26,728 // U $ 26,612 // U $ 26,498 // U $ 26,389.

https://www.tradingview.com/x/e0txrL7P/

Technical indicators: H1

RSI: The RSI at the BTC chart's H1 time is at level 61 and has a bullish bias.

https://www.tradingview.com/x/7fSUirWO/

MACD: The MACD at the BTC chart time is at the negative level -83 with a bullish bias.

https://www.tradingview.com/x/HSXEXt2L/

OBV: The OBV at the BTC H1 chart time is at level 368 and with a small bearish bias.

https://www.tradingview.com/x/9Rg9HGaD/

Graph: M5

Bitcoin's price follows below the BB's central line (red line) and above the VWAP and the Ichimoku Cloud.

It will be necessary to make a good advance for buyers above the central line of BB (Bollinger bands) possible developments back above the price range of $ 26,750 and $ 26,800.

Buyers will not be able to let sellers take control of the situation below the $ 26,600 support, because then the disadvantages can be understood below the VWAP and then it can get ugly for buyers below the $ 26,550 price range. and $ 26,400.

Follow buyers with the Bitcoin price now at the time of writing, with the Bitcoin price above the $ 26,600 price range.

Resistances: U $ 26,701 // U $ 26,783 // U $ 26,808 // U $ 26,898.

Support: U $ 26,594 // U $ 26,532 // U $ 26,502 // U $ 26,370.

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

BTC dominance 69.76%

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nº263