BITCOIN - BTC/USDT - 1H - Technical analysis published on 01/17/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 96,155.50 USDT
My targets
101,045.27 USDT (+0.06%)
106,097.60 USDT (+5.06%)
My analysis
The bullish trend is currently very strong on BITCOIN - BTC/USDT. As long as the price remains above the support at 96,155.50 USDT, you could try to benefit from the boom. The first bullish objective is located at 101,045.27 USDT. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 106,097.60 USDT 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.
Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.
Force
0
10
8.9
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This analysis was given by hunza. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The BITCOIN - BTC/USDT rating is 100,987.34 USDT. The price has increased by +0.95% since the last closing and was between 99,964.34 USDT and 102,083.95 USDT. This implies that the price is at +1.02% from its lowest and at -1.07% from its highest.99,964.34
102,083.95
100,987.34
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT 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 market scanner currently does not detect any result that concerns moving averages.
An assessment of technical indicators shows a strong bullish signal.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
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
S3
S2
S1
R1
Price
S3 | S2 | S1 | Price | R1 | |
---|---|---|---|---|---|
ProTrendLines | 93,815.95 | 95,812.48 | 100,724.04 | 100,987.34 | 106,097.60 |
Change (%) | -7.10% | -5.12% | -0.26% | - | +5.06% |
Change | -7,171.39 | -5,174.86 | -263.30 | - | +5,110.26 |
Level | Intermediate | Intermediate | Intermediate | - | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 94,949.66 | 96,244.94 | 98,143.58 | 99,438.86 | 101,337.50 | 102,632.78 | 104,531.42 |
Camarilla | 99,163.90 | 99,456.68 | 99,749.45 | 100,042.23 | 100,335.01 | 100,627.78 | 100,920.56 |
Woodie | 95,251.35 | 96,395.78 | 98,445.27 | 99,589.70 | 101,639.19 | 102,783.62 | 104,833.11 |
Fibonacci | 96,244.94 | 97,465.01 | 98,218.78 | 99,438.86 | 100,658.93 | 101,412.70 | 102,632.78 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 78,319.43 | 84,792.58 | 89,682.35 | 96,155.50 | 101,045.27 | 107,518.42 | 112,408.19 |
Camarilla | 91,447.32 | 92,488.92 | 93,530.52 | 94,572.12 | 95,613.72 | 96,655.32 | 97,696.92 |
Woodie | 77,527.74 | 84,396.74 | 88,890.66 | 95,759.66 | 100,253.58 | 107,122.58 | 111,616.50 |
Fibonacci | 84,792.58 | 89,133.22 | 91,814.87 | 96,155.50 | 100,496.14 | 103,177.79 | 107,518.42 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 70,721.27 | 81,150.45 | 87,396.50 | 97,825.68 | 104,071.73 | 114,500.91 | 120,746.96 |
Camarilla | 89,056.86 | 90,585.43 | 92,113.99 | 93,642.55 | 95,171.11 | 96,699.68 | 98,228.24 |
Woodie | 68,629.71 | 80,104.67 | 85,304.94 | 96,779.90 | 101,980.17 | 113,455.13 | 118,655.40 |
Fibonacci | 81,150.45 | 87,520.39 | 91,455.74 | 97,825.68 | 104,195.62 | 108,130.97 | 114,500.91 |
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): | 61.40 | |
MACD (12,26,9): | 552.3100 | |
Directional Movement: | 16.67 | |
AROON (14): | 78.57 | |
DEMA (21): | 100,720.39 | |
Parabolic SAR (0,02-0,02-0,2): | 99,480.21 | |
Elder Ray (13): | 816.05 | |
Super Trend (3,10): | 98,978.81 | |
Zig ZAG (10): | 101,199.48 | |
VORTEX (21): | 1.0800 | |
Stochastique (14,3,5): | 85.72 | |
TEMA (21): | 100,780.67 | |
Williams %R (14): | -23.66 | |
Chande Momentum Oscillator (20): | 2,193.73 | |
Repulse (5,40,3): | 0.1200 | |
ROCnROLL: | 1 | |
TRIX (15,9): | 0.0600 | |
Courbe Coppock: | 3.04 |
MA7: | 97,388.23 | |
MA20: | 96,484.39 | |
MA50: | 97,799.73 | |
MA100: | 87,717.02 | |
MAexp7: | 100,676.20 | |
MAexp20: | 100,031.61 | |
MAexp50: | 98,993.08 | |
MAexp100: | 97,765.24 | |
Price / MA7: | +3.70% | |
Price / MA20: | +4.67% | |
Price / MA50: | +3.26% | |
Price / MA100: | +15.13% | |
Price / MAexp7: | +0.31% | |
Price / MAexp20: | +0.96% | |
Price / MAexp50: | +2.01% | |
Price / MAexp100: | +3.30% |
Quotes :
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Real time data
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Cryptocompare
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