BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 10/25/2021 (GMT)

Londinia

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

50%

11%

39%

My opinion

Bullish above 58,959.10 USD

My targets

63,577.00 USD (+3.02%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 58,959.10 USD, you could try to benefit from the boom. The first bullish objective is located at 63,577.00 USD. 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

7.3

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

Additional analysis

Quotes

BITCOIN - BTC/USD rating 61,714.77 USD. The price registered an increase of +1.40% on the session and was traded between 60,665.37 USD and 62,097.00 USD over the period. The price is currently at +1.73% from its lowest and -0.62% from its highest.

60,665.37

62,097.00

61,714.77

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:

Technical

A technical analysis in Daily 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 market scanner is currently detecting a bearish signal that could impact this trend:

Bearish price crossover with adaptative moving average 20

Type : Bearish

Timeframe : Daily

The probability of a further increase is slight given the direction of the technical indicators.
Central Indicators, the detector scanner for these technical indicators recently detected a signal:

MACD crosses DOWN its Moving Average

Type : Bearish

Timeframe : Daily

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
ProTrendLines	48,210.80	52,682.50	58,959.10	61,714.77	63,577.00
Change (%)	-21.88%	-14.64%	-4.47%	-	+3.02%
Change	-13,503.97	-9,032.27	-2,755.67	-	+1,862.23
Level	Intermediate	Intermediate	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	57,817.84	58,671.69	59,768.22	60,622.07	61,718.60	62,572.45	63,668.98
Camarilla	60,328.40	60,507.18	60,685.97	60,864.75	61,043.54	61,222.32	61,401.11
Woodie	57,939.18	58,732.36	59,889.56	60,682.74	61,839.94	62,633.12	63,790.32
Fibonacci	58,671.69	59,416.74	59,877.03	60,622.07	61,367.12	61,827.41	62,572.45

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50,025.19	54,545.35	57,934.09	62,454.25	65,842.99	70,363.15	73,751.89
Camarilla	59,147.89	59,872.88	60,597.86	61,322.84	62,047.82	62,772.81	63,497.79
Woodie	49,459.49	54,262.50	57,368.39	62,171.40	65,277.29	70,080.30	73,186.19
Fibonacci	54,545.35	57,566.55	59,433.05	62,454.25	65,475.45	67,341.95	70,363.15

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	24,721.17	32,175.13	38,000.87	45,454.83	51,280.57	58,734.53	64,560.27
Camarilla	40,174.68	41,391.99	42,609.29	43,826.60	45,043.91	46,261.21	47,478.52
Woodie	23,907.05	31,768.08	37,186.75	45,047.78	50,466.45	58,327.48	63,746.15
Fibonacci	32,175.13	37,247.98	40,381.99	45,454.83	50,527.68	53,661.69	58,734.53

Numerical data

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

Technical indicators

Moving averages

RSI (14):	62.40
MACD (12,26,9):	3,400.4500
Directional Movement:	13.89
AROON (14):	57.15
DEMA (21):	63,301.92
Parabolic SAR (0,02-0,02-0,2):	66,128.27
Elder Ray (13):	918.46
Super Trend (3,10):	56,363.14
Zig ZAG (10):	61,708.55
VORTEX (21):	1.2200
Stochastique (14,3,5):	56.09
TEMA (21):	64,285.41
Williams %R (14):	-40.68
Chande Momentum Oscillator (20):	4,304.20
Repulse (5,40,3):	0.9900
ROCnROLL:	1
TRIX (15,9):	1.0600
Courbe Coppock:	25.35

MA7:	62,447.46
MA20:	59,212.87
MA50:	51,149.29
MA100:	47,245.97
MAexp7:	61,542.54
MAexp20:	58,691.79
MAexp50:	53,380.96
MAexp100:	49,365.21
Price / MA7:	-1.17%
Price / MA20:	+4.23%
Price / MA50:	+20.66%
Price / MA100:	+30.62%
Price / MAexp7:	+0.28%
Price / MAexp20:	+5.15%
Price / MAexp50:	+15.61%
Price / MAexp100:	+25.02%

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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