BITCOIN - BTC/USD

- USD (-)

- Real time data - Cryptocompare

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Type:	Cryptocurrencies
Ticker:	BTCUSD
ISIN:

BITCOIN - BTC/USD - 15 min. - Technical analysis published on 03/25/2024 (GMT)

Londinia

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Timeframe : 15 min.
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Short term: Neutral

Underlying: Bullish

Technical indicators

33%

17%

50%

My opinion

Bullish above 68,610.29 USD

My targets

72,420.15 USD (+2.91%)

73,117.83 USD (+3.90%)

My analysis

We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on BITCOIN - BTC/USD. As long as you are above the support located at 68,610.29 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 72,420.15 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 73,117.83 USD as an objective. If the support 68,610.29 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.

In the very short term, the general bullish sentiment is not called into question, despite technical indicators being indecisive.

Force

4.1

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 Matei21. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

BITCOIN - BTC/USD rating 70,374.79 USD. On the day, this instrument gained +4.72% and was between 66,410.75 USD and 71,183.99 USD. This implies that the price is at +5.97% from its lowest and at -1.14% from its highest.

66,410.75

71,183.99

70,374.79

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

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:

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 15 min. shows an overall bullish trend. 78.57% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators market scanner is currently detecting several bearish and bullish signals that could impact this trend:

Bearish trend reversal : adaptative moving average 20

Type : Bearish

Timeframe : 15 minutes

Bullish price crossover with adaptative moving average 50

Type : Bullish

Timeframe : 15 minutes

An assessment of technical indicators does not currently provide any relevant information on the direction of future price movements.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes

Williams %R indicator is back over -50

Type : Bullish

Timeframe : 15 minutes

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

The Central Candlesticks scanner currently notes the presence of this pattern in Japanese candlesticks that could mark the end of the short-term trend currently underway:

Doji

Type : Neutral

Timeframe : 15 minutes

ProTrendLines

Price

	S3	S2	S1	Price	R1
ProTrendLines	66,620.31	67,554.70	68,900.47	70,374.79	73,117.83
Change (%)	-5.33%	-4.01%	-2.09%	-	+3.90%
Change	-3,754.48	-2,820.09	-1,474.32	-	+2,743.04
Level	Intermediate	Major	Intermediate	-	Major

To determine price objectives, it is also possible to use the pivot points. Here is the price position 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 are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	52.19
MACD (12,26,9):	177.6800
Directional Movement:	4.19
AROON (14):	-35.71
DEMA (21):	70,671.53
Parabolic SAR (0,02-0,02-0,2):	70,682.17
Elder Ray (13):	-58.63
Super Trend (3,10):	71,089.44
Zig ZAG (10):	70,318.45
VORTEX (21):	1.0000
Stochastique (14,3,5):	53.49
TEMA (21):	70,384.28
Williams %R (14):	-48.29
Chande Momentum Oscillator (20):	-410.97
Repulse (5,40,3):	0.0100
ROCnROLL:	-1
TRIX (15,9):	0.0600
Courbe Coppock:	1.29

MA7:	65,810.28
MA20:	67,908.64
MA50:	59,049.38
MA100:	50,978.38
MAexp7:	70,384.90
MAexp20:	70,327.77
MAexp50:	69,581.03
MAexp100:	68,528.86
Price / MA7:	+6.94%
Price / MA20:	+3.63%
Price / MA50:	+19.18%
Price / MA100:	+38.05%
Price / MAexp7:	-0.01%
Price / MAexp20:	+0.07%
Price / MAexp50:	+1.14%
Price / MAexp100:	+2.69%

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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