BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Weekly - Technical analysis published on 04/27/2024 (GMT)

Timeframe : Weekly
- Analysis generated on
Status : IN PROGRESS...

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

61%

11%

28%

My opinion

Bullish above

My targets

()

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at , you could try to benefit from the boom. The first bullish objective is located at . The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at as an objective. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

7.7

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by calibox. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 62,975.18 USD. Over 5 days, this instrument lost -3.05% with the lowest point at 62,413.94 USD and the highest point at 67,208.42 USD. The deviation from the price is +0.90% for the low point and -6.30% for the high point.

62,413.94

67,208.42

62,975.18

The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bearish opening

Type : Bearish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by BITCOIN - BTC/USD:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly

Technical

A technical analysis in Weekly of this BITCOIN - BTC/USD chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators scanner detects a bearish signal on moving averages that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Weekly

An assessment of technical indicators shows a moderate bullish signal.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

No result was found by the Central Candlesticks scanner on Japanese candlesticks.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	35,079.50	39,519.49	47,352.27	62,975.18	67,554.70	73,117.83
Change (%)	-44.30%	-37.25%	-24.81%	-	+7.27%	+16.11%
Change	-27,895.68	-23,455.69	-15,622.91	-	+4,579.52	+10,142.65
Level	Intermediate	Major	Major	-	Major	Intermediate

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	61,654.70	62,486.59	63,118.57	63,950.46	64,582.44	65,414.33	66,046.31
Camarilla	63,347.99	63,482.17	63,616.36	63,750.55	63,884.74	64,018.93	64,153.11
Woodie	61,554.75	62,436.61	63,018.62	63,900.48	64,482.49	65,364.35	65,946.36
Fibonacci	62,486.59	63,045.79	63,391.26	63,950.46	64,509.66	64,855.13	65,414.33

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	53,503.33	56,562.53	60,770.98	63,830.18	68,038.63	71,097.83	75,306.28
Camarilla	62,980.84	63,647.04	64,313.24	64,979.44	65,645.64	66,311.84	66,978.04
Woodie	54,077.97	56,849.84	61,345.62	64,117.49	68,613.27	71,385.14	75,880.92
Fibonacci	56,562.53	59,338.77	61,053.93	63,830.18	66,606.42	68,321.58	71,097.83

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50,481.77	55,633.89	63,475.78	68,627.90	76,469.79	81,621.91	89,463.80
Camarilla	67,744.31	68,935.43	70,126.54	71,317.66	72,508.78	73,699.90	74,891.01
Woodie	51,826.65	56,306.33	64,820.66	69,300.34	77,814.67	82,294.35	90,808.68
Fibonacci	55,633.89	60,597.61	63,664.19	68,627.90	73,591.62	76,658.20	81,621.91

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	66.22
MACD (12,26,9):	8,413.8800
Directional Movement:	17.85
AROON (14):	50.00
DEMA (21):	67,301.47
Parabolic SAR (0,02-0,02-0,2):	57,525.02
Elder Ray (13):	3,945.48
Super Trend (3,10):	52,142.70
Zig ZAG (10):	62,800.91
VORTEX (21):	1.2000
Stochastique (14,3,5):	73.70
TEMA (21):	70,576.89
Williams %R (14):	-31.15
Chande Momentum Oscillator (20):	20,215.90
Repulse (5,40,3):	-3.4000
ROCnROLL:	1
TRIX (15,9):	2.9000
Courbe Coppock:	111.32

MA7:	64,797.44
MA20:	65,639.80
MA50:	67,321.23
MA100:	58,725.29
MAexp7:	64,554.61
MAexp20:	56,399.66
MAexp50:	44,731.97
MAexp100:	37,695.18
Price / MA7:	-2.81%
Price / MA20:	-4.06%
Price / MA50:	-6.46%
Price / MA100:	+7.24%
Price / MAexp7:	-2.45%
Price / MAexp20:	+11.66%
Price / MAexp50:	+40.78%
Price / MAexp100:	+67.06%

Quotes : - Real time data - Cryptocompare

This member declared not having a position on this financial instrument or a related financial instrument.

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