BITCOIN - BTC/USDT - 1H - Technical analysis published on 02/06/2025 (GMT)
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- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 96,188.24 USDT
My targets
101,931.40 USDT (+3.07%)
106,097.60 USDT (+7.28%)
My analysis
In the short term, there could be an acceleration of the basic bullish trend on BITCOIN - BTC/USDT. This is a positive signal for buyers. As long as the price remains above 96,188.24 USDT, a purchase could be considered. The first bullish objective is located at 101,931.40 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. In the event of a return below 96,188.24 USDT, the price would probably only initiate a small short-term correction to improve the bullish trend. Trading this correction may be risky.
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
0
10
6.1
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This analysis was given by mh572. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
BITCOIN - BTC/USDT rating 98,899.25 USDT. The price has increased by +2.35% since the last closing and was between 96,580.34 USDT and 98,931.43 USDT. This implies that the price is at +2.40% from its lowest and at -0.03% from its highest.96,580.34
98,931.43
98,899.25
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend 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:
Technical
A technical analysis in 1H of this BITCOIN - BTC/USDT chart shows a bullish trend. 64.29% of the signals given by moving averages are bullish. This bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : 1 hour
Bullish trend reversal : adaptative moving average 100
Type : Bullish
Timeframe : 1 hour
An assessment of technical indicators shows a strong bullish signal.
But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 1
Type : Neutral
Timeframe : 1 hour
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish harami
Type : Bearish
Timeframe : 1 hour
Bearish harami cross
Type : Bearish
Timeframe : 1 hour
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 92,565.90 | 94,245.07 | 96,188.24 | 98,899.25 | 99,067.86 | 101,931.40 | 106,097.60 |
| Change (%) | -6.40% | -4.71% | -2.74% | - | +0.17% | +3.07% | +7.28% |
| Change | -6,333.35 | -4,654.18 | -2,711.01 | - | +168.61 | +3,032.15 | +7,198.35 |
| Level | Major | Minor | Intermediate | - | Minor | 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 | 92,693.51 | 94,450.63 | 95,538.21 | 97,295.33 | 98,382.91 | 100,140.03 | 101,227.61 |
| Camarilla | 95,843.51 | 96,104.27 | 96,365.04 | 96,625.80 | 96,886.56 | 97,147.33 | 97,408.09 |
| Woodie | 92,358.75 | 94,283.25 | 95,203.45 | 97,127.95 | 98,048.15 | 99,972.65 | 100,892.85 |
| Fibonacci | 94,450.63 | 95,537.30 | 96,208.65 | 97,295.33 | 98,382.00 | 99,053.35 | 100,140.03 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 88,592.23 | 93,259.46 | 96,958.64 | 101,625.87 | 105,325.05 | 109,992.28 | 113,691.46 |
| Camarilla | 98,357.05 | 99,123.97 | 99,890.89 | 100,657.81 | 101,424.73 | 102,191.65 | 102,958.57 |
| Woodie | 88,108.20 | 93,017.45 | 96,474.61 | 101,383.86 | 104,841.02 | 109,750.27 | 113,207.43 |
| Fibonacci | 93,259.46 | 96,455.43 | 98,429.91 | 101,625.87 | 104,821.84 | 106,796.32 | 109,992.28 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 71,735.79 | 80,548.89 | 91,471.23 | 100,284.33 | 111,206.67 | 120,019.77 | 130,942.11 |
| Camarilla | 96,966.31 | 98,775.40 | 100,584.48 | 102,393.56 | 104,202.64 | 106,011.72 | 107,820.81 |
| Woodie | 72,790.40 | 81,076.20 | 92,525.84 | 100,811.64 | 112,261.28 | 120,547.08 | 131,996.72 |
| Fibonacci | 80,548.89 | 88,087.83 | 92,745.40 | 100,284.33 | 107,823.27 | 112,480.84 | 120,019.77 |
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): | 59.56 | |
| MACD (12,26,9): | 62.9000 | |
| Directional Movement: | 7.00 | |
| AROON (14): | 71.43 | |
| DEMA (21): | 97,752.83 | |
| Parabolic SAR (0,02-0,02-0,2): | 96,659.28 | |
| Elder Ray (13): | 553.01 | |
| Super Trend (3,10): | 98,671.84 | |
| Zig ZAG (10): | 98,559.78 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 92.99 | |
| TEMA (21): | 98,046.79 | |
| Williams %R (14): | 0.00 | |
| Chande Momentum Oscillator (20): | 1,553.84 | |
| Repulse (5,40,3): | 1.0900 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | -0.0200 | |
| Courbe Coppock: | 1.12 |
| MA7: | 99,309.03 | |
| MA20: | 102,033.75 | |
| MA50: | 98,802.09 | |
| MA100: | 94,782.60 | |
| MAexp7: | 98,076.65 | |
| MAexp20: | 97,791.34 | |
| MAexp50: | 98,013.84 | |
| MAexp100: | 98,618.16 | |
| Price / MA7: | -0.41% | |
| Price / MA20: | -3.07% | |
| Price / MA50: | +0.10% | |
| Price / MA100: | +4.34% | |
| Price / MAexp7: | +0.84% | |
| Price / MAexp20: | +1.13% | |
| Price / MAexp50: | +0.90% | |
| Price / MAexp100: | +0.29% |
Quotes :
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Real time data
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CoinMarketCap
This member declared not having a position on this financial instrument or a related financial instrument.
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