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- Real time data - Cryptocompare
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Type: Cryptocurrencies
Ticker: BTCUSD

BITCOIN - BTC/USD - Daily - Technical analysis published on 05/28/2023 (GMT)

  • 170
  • 0
  • Timeframe : Daily
  • - Analysis generated on
  • Status : NEUTRAL

Summary of the analysis

Short term: Neutral
Underlying: Slightly bullish
Technical indicators
My opinion
Neutral between 24,446.00 USD and 29,794.70 USD
My targets
My analysis
A slightly bullish trend and a neutral short term. With such a pattern, it is difficult to favour buying or selling. The first resistance is located at 29,794.70 USD. The first support is located at 24,446.00 USD. A very slight advantage is given by the slightly bullish basic trend so that the resistance is reached first, but should we take this into account? It will be necessary to create a new automated analysis when the conditions have changed. This may be the case, for example, when the first resistance has been broken above or the first support has been broken below.

In the very short term, despite the neutral opinion of this analysis, technical indicators are bullish and could soon allow change to a bullish sentiment.

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 koenakubheka. Take part yourself by sharing additional analysis on another time unit:
15 min. 1H Weekly

Additional analysis


The BITCOIN - BTC/USD price is 27,181.30 USD. The price registered an increase of +1.15% on the session and was traded between 26,792.67 USD and 27,291.31 USD over the period. The price is currently at +1.45% from its lowest and -0.40% from its highest.


A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.

Central Gaps

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 for higher/lower results shows an item:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly


Technical analysis of this Daily chart of BITCOIN - BTC/USD indicates that the overall trend is slightly bullish. 53.57% of the signals given by moving averages are bullish. As the signals currently given by short-term moving averages are rather neutral, the slightly bullish trend could return to neutral. The Central Indicators market scanner is currently detecting several bullish signals that could impact this trend:

Central Indicators

Bullish price crossover with Moving Average 20

Type : Bullish

Timeframe : Daily

Bullish price crossover with Moving Average 100

Type : Bullish

Timeframe : Daily

The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

CCI indicator: bullish divergence

Type : Bullish

Timeframe : Daily

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Parabolic SAR indicator bullish reversal

Type : Bullish

Timeframe : Daily

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly

Momentum indicator is back over 0

Type : Bullish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

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


ProTrendLines 19,345.50 21,637.80 24,446.00 27,181.30 27,352.50 29,794.70 35,079.50
Change (%) -28.83% -20.39% -10.06% - +0.63% +9.61% +29.06%
Change -7,835.80 -5,543.50 -2,735.30 - +171.20 +2,613.40 +7,898.20
Level Major Minor Intermediate - Major Major Minor

Attention could also be paid to pivot points to set price objectives:

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

Pivot points S3 S2 S1 PP R1 R2 R3

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): 48.87
MACD (12,26,9): -343.4200
Directional Movement: -4.50
AROON (14): -71.43
DEMA (21): 26,681.38
Parabolic SAR (0,02-0,02-0,2): 27,276.94
Elder Ray (13): 42.44
Super Trend (3,10): 28,611.60
Zig ZAG (10): 27,253.35
VORTEX (21): 0.8700
Stochastique (14,3,5): 56.31
TEMA (21): 26,534.49
Williams %R (14): -24.70
Chande Momentum Oscillator (20): 219.80
Repulse (5,40,3): 2.9200
TRIX (15,9): -0.2300
Courbe Coppock: 2.72
MA7: 26,822.05
MA20: 26,980.90
MA50: 28,203.01
MA100: 26,763.98
MAexp7: 26,906.06
MAexp20: 27,155.23
MAexp50: 27,400.38
MAexp100: 26,421.79
Price / MA7: +1.34%
Price / MA20: +0.74%
Price / MA50: -3.62%
Price / MA100: +1.56%
Price / MAexp7: +1.02%
Price / MAexp20: +0.10%
Price / MAexp50: -0.80%
Price / MAexp100: +2.87%

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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