BITCOIN - BTC/USDT

- USDT (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSDT
ISIN:

BITCOIN - BTC/USDT - 1H - Technical analysis published on 03/26/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

56%

39%

My opinion

Bullish above 67,514.20 USDT

My targets

73,074.27 USDT (+2.91%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 67,514.20 USDT, you could try to benefit from the boom. The first bullish objective is located at 73,074.27 USDT. The bullish momentum would be boosted by a break in this resistance. 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, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.

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 Medhanie. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USDT rating 71,009.28 USDT. On the day, this instrument gained +1.62% with the lowest point at 69,733.53 USDT and the highest point at 71,551.88 USDT. The deviation from the price is +1.83% for the low point and -0.76% for the high point.

69,733.53

71,551.88

71,009.28

The Central Gaps scanner detects a bearish opening. A small advantage for sellers in the very short term.

Bearish opening

Type : Bearish

Timeframe : Openning

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

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USDT in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
Caution: the Central Indicators scanner currently detects an excess:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

The analysis of the price chart with Central Patterns scanners does not return any result.

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

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2
ProTrendLines	62,102.34	66,013.30	67,514.20	71,009.28	71,132.80	73,074.27
Change (%)	-12.54%	-7.04%	-4.92%	-	+0.17%	+2.91%
Change	-8,906.94	-4,995.98	-3,495.08	-	+123.52	+2,064.99
Level	Intermediate	Intermediate	Major	-	Intermediate	Major

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	62,389.98	64,390.08	67,132.59	69,132.69	71,875.20	73,875.30	76,617.81
Camarilla	68,570.87	69,005.61	69,440.35	69,875.09	70,309.83	70,744.57	71,179.31
Woodie	62,761.18	64,575.68	67,503.79	69,318.29	72,246.40	74,060.90	76,989.01
Fibonacci	64,390.08	66,201.76	67,321.02	69,132.69	70,944.37	72,063.63	73,875.30

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52,026.90	56,406.15	60,198.83	64,578.08	68,370.76	72,750.01	76,542.69
Camarilla	61,744.22	62,493.31	63,242.41	63,991.50	64,740.59	65,489.69	66,238.78
Woodie	51,733.61	56,259.51	59,905.54	64,431.44	68,077.47	72,603.37	76,249.40
Fibonacci	56,406.15	59,527.83	61,456.41	64,578.08	67,699.76	69,628.34	72,750.01

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	26,335.64	34,455.88	47,795.72	55,915.96	69,255.80	77,376.04	90,715.88
Camarilla	55,234.04	57,201.21	59,168.39	61,135.56	63,102.73	65,069.91	67,037.08
Woodie	28,945.44	35,760.78	50,405.52	57,220.86	71,865.60	78,680.94	93,325.68
Fibonacci	34,455.88	42,653.63	47,718.21	55,915.96	64,113.71	69,178.29	77,376.04

Numerical data

The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:

Technical indicators

Moving averages

RSI (14):	67.53
MACD (12,26,9):	778.0600
Directional Movement:	19.62
AROON (14):	71.42
DEMA (21):	71,079.46
Parabolic SAR (0,02-0,02-0,2):	70,286.84
Elder Ray (13):	414.17
Super Trend (3,10):	69,183.13
Zig ZAG (10):	70,964.49
VORTEX (21):	1.2600
Stochastique (14,3,5):	58.51
TEMA (21):	71,063.89
Williams %R (14):	-25.63
Chande Momentum Oscillator (20):	1,192.29
Repulse (5,40,3):	0.7100
ROCnROLL:	1
TRIX (15,9):	0.1900
Courbe Coppock:	1.46

MA7:	67,039.07
MA20:	68,103.52
MA50:	59,580.13
MA100:	51,259.43
MAexp7:	70,637.58
MAexp20:	69,972.38
MAexp50:	68,454.46
MAexp100:	67,255.41
Price / MA7:	+5.92%
Price / MA20:	+4.27%
Price / MA50:	+19.18%
Price / MA100:	+38.53%
Price / MAexp7:	+0.53%
Price / MAexp20:	+1.48%
Price / MAexp50:	+3.73%
Price / MAexp100:	+5.58%

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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