BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - Daily - Technical analysis published on 02/28/2024 (GMT)

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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

94%

My opinion

Bullish above 52,682.50 USD

My targets

67,554.70 USD (+10.24%)

My analysis

BITCOIN - BTC/USD is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 52,682.50 USD. The next resistance located at 67,554.70 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem 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

9.1

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 jann1414. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 61,281.53 USD. On the day, this instrument gained +7.38% and was traded between 56,729.43 USD and 61,365.67 USD over the period. The price is currently at +8.02% from its lowest and -0.14% from its highest.

56,729.43

61,365.67

61,281.53

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

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. The overall trend is supported by the strong bullish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

Technical indicators are strongly bullish, suggesting that the price increase should continue.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 80

Type : Neutral

Timeframe : Daily

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 3

Type : Neutral

Timeframe : Weekly

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	44,103.13	47,291.52	52,682.50	61,281.53	67,554.70
Change (%)	-28.03%	-22.83%	-14.03%	-	+10.24%
Change	-17,178.40	-13,990.01	-8,599.03	-	+6,273.17
Level	Major	Intermediate	Major	-	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	52,059.91	53,271.06	55,171.25	56,382.40	58,282.59	59,493.74	61,393.93
Camarilla	56,215.83	56,501.04	56,786.24	57,071.45	57,356.66	57,641.86	57,927.07
Woodie	52,404.44	53,443.32	55,515.78	56,554.66	58,627.12	59,666.00	61,738.46
Fibonacci	53,271.06	54,459.59	55,193.87	56,382.40	57,570.93	58,305.21	59,493.74

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	47,946.87	49,234.22	50,404.34	51,691.69	52,861.81	54,149.16	55,319.28
Camarilla	50,898.67	51,123.93	51,349.20	51,574.47	51,799.74	52,025.01	52,250.27
Woodie	47,888.27	49,204.91	50,345.74	51,662.38	52,803.21	54,119.85	55,260.68
Fibonacci	49,234.22	50,172.97	50,752.93	51,691.69	52,630.44	53,210.40	54,149.16

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	27,186.45	32,851.48	37,703.28	43,368.31	48,220.11	53,885.14	58,736.94
Camarilla	39,662.95	40,627.00	41,591.04	42,555.08	43,519.12	44,483.17	45,447.21
Woodie	26,779.84	32,648.17	37,296.67	43,165.00	47,813.50	53,681.83	58,330.33
Fibonacci	32,851.48	36,868.91	39,350.88	43,368.31	47,385.74	49,867.71	53,885.14

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):	86.32
MACD (12,26,9):	2,963.0200
Directional Movement:	40.34
AROON (14):	100.00
DEMA (21):	55,520.37
Parabolic SAR (0,02-0,02-0,2):	50,889.16
Elder Ray (13):	5,591.04
Super Trend (3,10):	52,908.73
Zig ZAG (10):	61,326.47
VORTEX (21):	1.3600
Stochastique (14,3,5):	95.04
TEMA (21):	56,852.80
Williams %R (14):	-2.95
Chande Momentum Oscillator (20):	8,901.55
Repulse (5,40,3):	16.1300
ROCnROLL:	1
TRIX (15,9):	0.7500
Courbe Coppock:	20.19

MA7:	53,999.19
MA20:	51,826.17
MA50:	46,256.10
MA100:	44,072.80
MAexp7:	55,349.55
MAexp20:	51,829.20
MAexp50:	47,867.31
MAexp100:	44,191.54
Price / MA7:	+13.49%
Price / MA20:	+18.24%
Price / MA50:	+32.48%
Price / MA100:	+39.05%
Price / MAexp7:	+10.72%
Price / MAexp20:	+18.24%
Price / MAexp50:	+28.02%
Price / MAexp100:	+38.67%

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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