Bitcoin Price Evolution Analysis 31.12.2020
by CSM TRADER
nº265
BTC price U $ 28,832.
BTC price on Braziliex R $ 151,500.
Price USD / BRL R $ 5.19.
Price EUR / BRL R $ 6.37.
Gold Price 1g R $ 314.91.
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Bitcoin price follows an upward trend above the $ 28,000 price range.
The price of Bitcoin has once again made a new historic top, reaching the price range of $ 29,300.
The price of Bitcoin a few past sessions broke the $ 28,500 price range and thereafter only evolved positively upwards of the $ 29,000 price range and thus making it a new historic top in the $ 29,300 price range .
Another attempt was made to break away from ATH, but without success this time; and with that, negative corrections came and extended up to the $ 28,120 price range.
Now at the time of writing the price of Bitcoin is in the price range of $ 28,810.
It will be important for the Bitcoin price to continue its consolidations and positive developments above the $ 28,800 price area and even more important for the Bitcoin price is to stay above the support formed in the $ 28,600 and U price area. $ 28,500 for not having large losses below these price areas.
If the price of Bitcoin for the next sessions achieves good consolidations above U $ 28,780 and U $ 28,880, the possibilities for a breakthrough above the U $ 29,000 and U $ 29,060 price areas may arise.
In the case mentioned above, the price of Bitcoin staying above the price range of $ 29,000 and $ 29,080 may have the possibility of a break above the resistance formed in the price area of $ 29,120, and exceeding this price area will facing resistance from the $ 29,300 where a break above may have the probabilities of a good advance above the price areas of the $ 29.40 and $ 29,500 could arise, and still extend above the $ 29,660 and $ 29,760.
A daily close was made above the price range of $ 28,870.
For today, it will be important to close the diary above the price area of U $ 29,000 for new consolidations and developments above this price area.
Buyers remain in complete control of the situation and above the $ 28,600 price range.
Buyers made excellent developments above the price range of $ 28,500 and $ 29.00 and managed to make yet another new historic top in the price range of $ 29,300.
Now at the time of writing, buyers follow the price of Bitcoin in the price range of $ 29,040.
It will be important for buyers who manage to stay above this price range of $ 29,000 for new consolidations and with that positive developments towards the attempt to break above the resistance of $ 29,300 may arise.
Buyers also need to gain strength to break resistance in the $ 29,500 price range for advances above $ 29,600 to happen, and with the possibilities for advances above the $ 29,720 and $ 29,800 price ranges and possibly in the 30K.
On the other hand, if buyers go into exhaustion for the breach in the price range of U $ 29,200 and U $ 29,300, the disadvantages created by the sellers may arise and with that the possibilities of negative advances below the price areas of U $ 28,960 and $ 28,800 may appear again.
In the case mentioned above, buyers will have to defend the good support formed in the price range of U $ 28,600 and U $ 28,500 in order not to have the great disadvantages created by sellers below the U $ 28,460 and U $ 28,320 price range.
A daily close was made above the price range of $ 28,870.
For today, it would be necessary for buyers to make a good closing of the daily above the price range of U $ 29,000 and U $ 29,080, to enter consolidations at a new price level.
It follows buyers in an attempt to evolve above the $ 29,060 price range.
It is important that buyers keep Bitcoin's price above EMA 20 for the next sessions.
Bitcoin TODAY on Braziliex: H1
The Bitcoin price on Braziliex made yet another new historic top in Brazil, reaching the price range of R $ 152,000; now at the time of writing.
Bitcoin's price has excellent consolidations and developments above the R $ 146,000 and R $ 148,600 price areas.
Now at the time of writing the price of Bitcoin on Braziliex remains in the price range of R $ 150,019.
It will be important for the Bitcoin price on Braziliex to stay above the R $ 148,000 and R $ 146,600 price areas for the next sessions, as below these price areas the possibilities of disadvantages may arise and extend below R $ 144,400 and so invalidating a positive evolution in the short term.
The price of Bitcoin needs to remain in consolidations above the area of R $ 148,000 and R $ 149,600 in the short term for possible developments above the historical top and thus the possibilities for a new ATH above the price range of R $ 154,000 and R $ 155,600 may arise.
Buyers remain in control of the situation above the price range of R $ 148,000.
It will be important for buyers to continue consolidations above the R $ 148,000 and R $ 150,000 price areas in order to gain strength and thus be able to try to evolve above the historical top in the R $ 152,000 price area, and extend further. ATH in Braziliex and Brazil.
On the other hand, if buyers go into exhaustion due to attempts to break through the historic top of R $ 152,000, sellers will be able to take advantage and enter control of the situation and create disadvantages that may extend below the R $ 149,600 and R $ price areas. 148,200.
Buyers follow on Braziliex attempting to evolve upwards from the historical top in the price range of R $ 152,000.
Resistances: R $ 151,996 // R $ 152,772 // R $ 153,557 // R $ 154,410.
Supports: R $ 151,483 // R $ 149,984 // R $ 149,979 // R $ 147,760.
https://www.tradingview.com/x/0m8dlKOc
Graph: H4
Bitcoin's price remains above the EMAs, VWAP and even above the Ichimoku Cloud.
Bitcoin price is evolving well above the $ 29,000 price range.
It will be important for the Bitcoin price to advance above the resistance of $ 29,200 and consolidate above the price area of $ 29,120 to have more gains and with that the breakdown of $ 29,300 and $ 29,420 may arise and so on. exceed the resistance of $ 29,500.
It is important for buyers to keep the Bitcoin price above the $ 28,880 and $ 28,780 price areas in order not to have large losses below that.
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 $ 29,228 // U $ 29,551 // U $ 29,884 // U $ 30,195.
Support: U $ 28,768 // U $ 28,411 // U $ 28,020 // U $ 27,560.
https://www.tradingview.com/x/CQXjfJi1/
Graph H1:
Bitcoin's price remains above the EMAs and above the Ichimoku Cloud.
Bitcoin's price has been showing great developments since the last correction that left the $ 28,580 price range and remains above the $ 29,000 price range.
Now at the time of writing the price of Bitcoin remains in the price range of $ 29,100 and is in an attempt to break the resistance of $ 29,200.
This break will be important for the short term so that the Bitcoin price does not fall into exhaustion due to attempts and with that it can go back below the price range of $ 29,000 and $ 28,920.
If the price of Bitcoin achieves this break in the price range of U $ 29,200 and U $ 29,300 in the short term, the possibilities for developments above U $ 19,420 may arise.
Buyers remain in complete control of the situation and continue with positive developments above the $ 29,000 price range.
It will be important for buyers to consolidate above the $ 29,000 price range to keep Bitcoin's price at a new price level and thus attempts at a 30K search will not be ruled out this year 2020.
It follows buyers in an attempt to advance above the $ 29,200 price range; which will be very important for the next sessions.
Resistances: U $ 29,170 // U $ 29,295 // U $ 29,400 // U $ 29,522.
Support: U $ 29,020 // U $ 28,891 // U $ 28,745 // U $ 28,592.
https://www.tradingview.com/x/uvMfAt7k/
Technical indicators: H1
RSI: The RSI at the BTC chart's H1 time is at level 14 and has a bullish bias.
https://www.tradingview.com/x/wNFVT6wn/
MACD: The MACD at the BTC chart time is at the positive level 300 with a downward bias.
https://www.tradingview.com/x/FyGTwMFl/
OBV: The OBV at BTC's H1 chart time is at level 418 and with a small bearish bias.
https://www.tradingview.com/x/JAygQlUq/
Graph: M5
Bitcoin's price remains above the VWAP and for now above the Ichimoku Cloud, but below the BB's central line.
Bitcoin price needs to return above BB's central line (red line) for positive developments to return above the $ 29,060 price area.
Buyers are in control of the situation, but are having problems with developments above the $ 29,200 price range and sellers are trying to lower Bitcoin's price below the $ 29,000 price range.
It will be important for buyers to stop sellers above the $ 28,800 price range, in order to avoid continuing negative developments below this $ 28,720 price range.
Resistances: U $ 29,090 // U $ 29,141 // U $ 29,186 // U $ 29,225.
Support: U $ 28,989 // U $ 28,911 // U $ 28,831 // U $ 28,731.
https://www.tradingview.com/x/rDbGsZaZ/
BTC dominance 70.58%
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nº265
