Bitcoin Price Evolution Analysis 30.12.2020
by CSM TRADER
nº264
BTC price U $ 27,605.
BTC price on Braziliex R $ 145,001.
Price USD / BRL R $ 5.21.
Price EUR / BRL R $ 6.38.
Gold Price 1g R $ 313.81.
Good morning to all readers.
Bitcoin's price follows a full upward trend above the price range of $ 27,120.
Bitcoin's price broke further historic high, staying in the $ 28,598 price range.
Excellent consolidations were made above the price range of U $ 26,500 and U $ 26,600 and with that positive developments above the price area of U $ 27,240 and U $ 27,500 appeared.
Now in the area of writing the price of Bitcoin is in the price area of $ 27,776, after a strong correction that left the price area of $ 28,598 and came to test the price area of $ 27,319.
The price of Bitcoin needs to stay above the support formed in the price range of $ 27,600 and $ 27,500 to continue consolidations and positive developments above the price areas of $ 27,660 and $ 27,760; in the short term.
In the case mentioned above, the price of Bitcoin needs to continue consolidations above this price area in order to search again for the historic top in the price area of $ 28,598, and with that, the possibilities of advances above the resistance of the U $ 28,800 could be exceeded to go to a new historic price range and still extend above the $ 29,200 price range.
Consolidations above U $ 27,500 and a return above EMA 5 (H1) will be extremely important
A daily close was made above the price range of $ 27,370.
Today, a good daily close will be above the $ 28,200 price range.
Buyers remain in full control of the situation, staying above the $ 26,800 price range.
Bitcoin TODAY on Braziliex: H1
The Bitcoin price on Braziliex has excellent consolidations and developments above the price range of R $ 142,000 and R $ 143,800.
It will be extremely important for the Bitcoin price on Braziliex to continue consolidations and developments above the price areas of R $ 143,400 and U $ 144,200.
The price of Bitcoin on Braziliex needs to consolidate strong above these price areas to return to developments above the R $ 146,000 price area and with that it will try to make another new historic top, which could be this above the R price area. $ 150,000 and R $ 152,500.
On the other hand, if the Bitcoin price on Braziliex starts to have disadvantages below the price range of R $ 143,200, the chances of extending these disadvantages below R $ 142,400 and R $ 141,600 may arise.
Buyers on Braziliex remain in complete control of the situation with the Bitcoin price above the price range of R $ 140,000.
It will be extremely important for buyers on Braziliex to stay in consolidations and positive developments above the price range of R $ 144,400 in the short term, for possible attempts to make another new historic top above the price area of R $ 150,000 and still being able to extend positively to the price area of R $ 154,000, for the next sessions.
Buyers on Braziliex will have to bravely defend the price range of R $ 143,400 and R $ 143,000 for the next sessions.
In the case mentioned above, if buyers lose these price areas to sellers, the disadvantages created by sellers may extend below the price areas of R $ 142,800 and R $ 142,200 and still go below R $ 141,600.
It follows buyers in an attempt to make positive advances above the R $ 147,000 price range.
Resistances: R $ 147,781 // R $ 148,941 // R $ 150,075 // R $ 151,365.
Support: R $ 146,017 // R $ 144,677 // R $ 143,283 // R $ 142,060.
https://www.tradingview.com/x/xVZmz28K
Graph: H4
The price remains above the EMAs and above the Ichimoku Cloud, but below the VWAP.
It will be important for the price of Bitcoin for the next sessions to stay above the EMA 5 (green line) so as not to start having the possible disadvantages below the price area of the $ 27,550.
Buyers will have to evolve the price of Bitcoin above the $ 28,000 price range to a new price level for new consolidations and developments above $ 28,000 to be able to occur and with that the probabilities of advances above the area price of $ 28,220 may arise and extend above $ 27,420.
Buyers will have to defend the $ 27,600 and $ 27,500 price areas in order not to lose control of the situation for sellers who may create disadvantages below the $ 27,550 and $ 27,420 price areas.
Follow buyers with the price of Bitcoin in the price range of $ 27,916 and are in attempts to return positive developments above $ 28,000.
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 $ 28,114 // U $ 28,645 // U $ 29,117 // U $ 29,574.
Support: U $ 27,642 // U $ 27,259 // U $ 26,861 // U $ 26,389.
https://www.tradingview.com/x/3rE9fWq2/
Graph H1:
Bitcoin's price has yet another new historic top in the $ 28,598 price range.
The price of Bitcoin remains above the EMAs 10, 50 and 20 and above the Ichimoku Cloud, but still below the EMA 5 which is being a strong resistance to be overcome.
A few past sessions, the Bitcoin price formed the double bottom pattern and with that came the positive developments above the price areas of U $ 26,800, U $ 27,000, U $ 27,500 and U $ 28,000 and thus reaching the price area the historic top at $ 28,598; and immediately afterwards it entered a negative correction where it tested the price area of U $ 27,316.
Now at the time of writing the price of Bitcoin remains in the price range of $ 27,800.
In order to continue with positive developments, the price of Bitcoin needs for the next sessions to move above the price range of U $ 28,000 and U $ 28,120 for the new consolidations above these price areas and with that, the possibilities of advances above the price areas of U $ 28,220 and U $ 28,440 may appear and even extend in search of the new historic top in the U $ 28,598 price area.
It will be extremely important for the Bitcoin price to stay above the price range of U $ 27,600 and U $ 27,550 for the next sessions in order not to enter a negative correction below these price areas and still being able to extend below U $ 27,420 o which could further pull the disadvantages below $ 27,340.
Buyers remain in control of the situation and need to protect the supports in the price areas of U $ 27,600 and U $ 27,500 in order not to have possible disadvantages with sellers below this U $ 27,550 and U $ 27,460 price range.
It follows buyers in attempts to overcome EMA 5 or the $ 27,920 price range.
Resistances: U $ 27,920 // U $ 28,132 // U $ 28,273 // U $ 28,623.
Support: U $ 27,730 // U $ 27,535 // U $ 27,312 // U $ 227,057.
https://www.tradingview.com/x/8BAGXeG0/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 14 and has a downward bias.
https://www.tradingview.com/x/yzaGKOuS/
MACD: The MACD at the BTC chart time is at the positive level 300 with a downward bias.
https://www.tradingview.com/x/wm7WZVUn/
OBV: The OBV at the BTC's H1 chart time is at level 389 and with a slight upward bias.
https://www.tradingview.com/x/0s2rhtab/
Graph: M5
Bitcoin's price follows below VWAP (wine line) and above BB's central line (red line); however, within the Ichimoku Cloud, where an exit above it will be important in the short term, for positive developments above the price areas of U $ 27,920 and U $ 28,000.
Buyers will have to evolve the Bitcoin price above the $ 28,000 price range in the short term in order not to start running the risk of disadvantages below the $ 27,900 and $ 27,860 price areas.
It follows buyers with the price of Bitcoin in an attempt to make positive developments above the $ 27,920 price range.
Resistances: U $ 27,967 // U $ 28,069 // U $ 28,133 // U $ 28,183.
Support: U $ 27,876 // U $ 27,814 // U $ 27,761 // U $ 27,701.
https://www.tradingview.com/x/sfu9CGGK/
BTC dominance 70.08%
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nº264
