BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Change:	-
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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 1H - Technical analysis published on 03/25/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

67%

28%

My opinion

Bullish above 68,900.47 USD

My targets

73,117.83 USD (+3.92%)

My analysis

The bullish trend is currently very strong on BITCOIN - BTC/USD. As long as the price remains above the support at 68,900.47 USD, you could try to benefit from the boom. The first bullish objective is located at 73,117.83 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.

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

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

Additional analysis

Quotes

The BITCOIN - BTC/USD rating is 70,357.44 USD. The price has increased by +4.70% since the last closing with the lowest point at 66,410.75 USD and the highest point at 71,183.99 USD. The deviation from the price is +5.94% for the low point and -1.16% for the high point.

66,410.75

71,183.99

70,357.44

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of BITCOIN - BTC/USD in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.

In fact, 12 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 1 hour

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

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	66,620.31	67,554.70	68,900.47	70,357.44	73,117.83
Change (%)	-5.31%	-3.98%	-2.07%	-	+3.92%
Change	-3,737.13	-2,802.74	-1,456.97	-	+2,760.39
Level	Intermediate	Major	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	60,990.57	62,399.63	64,800.43	66,209.49	68,610.29	70,019.35	72,420.15
Camarilla	66,153.52	66,502.76	66,851.99	67,201.23	67,550.47	67,899.70	68,248.94
Woodie	61,486.44	62,647.57	65,296.30	66,457.43	69,106.16	70,267.29	72,916.02
Fibonacci	62,399.63	63,855.00	64,754.12	66,209.49	67,664.86	68,563.98	70,019.35

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52,100.97	56,443.50	60,226.87	64,569.40	68,352.77	72,695.30	76,478.67
Camarilla	61,775.63	62,520.50	63,265.38	64,010.25	64,755.12	65,500.00	66,244.87
Woodie	51,821.40	56,303.71	59,947.30	64,429.61	68,073.20	72,555.51	76,199.10
Fibonacci	56,443.50	59,547.59	61,465.30	64,569.40	67,673.49	69,591.20	72,695.30

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	25,780.04	34,010.53	47,595.74	55,826.23	69,411.44	77,641.93	91,227.14
Camarilla	55,181.64	57,181.42	59,181.19	61,180.96	63,180.73	65,180.51	67,180.28
Woodie	28,457.41	35,349.21	50,273.11	57,164.91	72,088.81	78,980.61	93,904.51
Fibonacci	34,010.53	42,344.12	47,492.63	55,826.23	64,159.82	69,308.33	77,641.93

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):	68.65
MACD (12,26,9):	1,132.2900
Directional Movement:	17.46
AROON (14):	78.57
DEMA (21):	70,527.51
Parabolic SAR (0,02-0,02-0,2):	71,152.34
Elder Ray (13):	635.89
Super Trend (3,10):	69,067.69
Zig ZAG (10):	70,308.61
VORTEX (21):	1.2900
Stochastique (14,3,5):	76.85
TEMA (21):	70,969.31
Williams %R (14):	-19.41
Chande Momentum Oscillator (20):	3,505.86
Repulse (5,40,3):	0.0100
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	10.09

MA7:	65,802.13
MA20:	67,908.59
MA50:	59,049.51
MA100:	50,978.94
MAexp7:	70,213.98
MAexp20:	69,075.67
MAexp50:	67,484.55
MAexp100:	66,549.14
Price / MA7:	+6.92%
Price / MA20:	+3.61%
Price / MA50:	+19.15%
Price / MA100:	+38.01%
Price / MAexp7:	+0.20%
Price / MAexp20:	+1.86%
Price / MAexp50:	+4.26%
Price / MAexp100:	+5.72%

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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