December 19, 2024 BTC – Bitcoin Daily Chart Analysis
Outlook
BTC current price is 102.326.68 USDT and the current market cap is 5.380.913.610 USDT. This chart period started 210 days ago (24 May 2024) with a total of 109 days closing above the opening price and 101 days closing below the opening price. The lowest price was 49.000.00 USDT on 05 August 2024, and the highest price was 108.353.00 USDT on 17 December 2024. The current price is 108.83% above the lowest price and 5.56% below the highest price.
Moving Average
Moving Averages (Closing Prices):
5-Day Moving Average: 103.837.42
22-Day Moving Average: 99.619.68
50-Day Moving Average: 91.364.76
100-Day Moving Average: 77.768.82
250-Day Moving Average: 68.945.89
500-Day Moving Average: 55.571.57
Moving Average Analysis
The current price is %1.45 lower than the 5-Day moving average and has been below it for 0 days.
The current price is %2.72 higher than the 22-Day moving average and has been above it for 9 days.
The current price is %12.00 higher than the 50-Day moving average and has been above it for 31 days.
The current price is %31.58 higher than the 100-Day moving average and has been above it for 40 days.
The current price is %48.42 higher than the 250-Day moving average and has been above it for 45 days.
The current price is %84.13 higher than the 500-Day moving average and has been above it for 102 days.
Trends
The longest uptrend in the 210 day period is 7 days. It started at 67850.01 USDT on 04 November 2024 and ended by increasing by 30.65% to 88647.99 USDT on 11 November 2024.
The longest downtrend is 6 days. It started at 72736.42 USDT on 29 October 2024 and ended by decreasing -6.72% to 67850.01 USDT on 04 November 2024.
Support & Resistance
This review was made for the last 7 days
Last 7 days support levels:
Support: 100000.00 USDT on 18-12-2024
Support: 98802.00 USDT on 19-12-2024
Last 7 days resistance levels:
Resistance: 102650.00 USDT on 14-12-2024
Resistance: 105250.00 USDT on 15-12-2024
Resistance: 107793.07 USDT on 16-12-2024
Resistance: 108353.00 USDT on 17-12-2024
The lowest support level is 98802.00 USDT on 19-12-2024, and the highest resistance level is 108353.00 USDT on 17-12-2024. The percentage difference between these levels is approximately 9.7%.
Volume
The previous trading day’s volume (18-12-2024) 50,308.00 USDT. Highest volume in the last 210 days is 162,065.59 USDT on 05-08-2024. Lowest volume in the last 210 days is 7,308.96 USDT on 22-06-2024. Difference between highest and lowest volume is 2117.36%.
Volume Moving Averages
( Excluding Today)
5-day Moving Average Volume: 31,419.19 USDT
22-day Moving Average Volume: 35,586.75 USDT
50-day Moving Average Volume: 41,410.65 USDT
100-day Moving Average Volume: 32,548.26 USDT
250-day Moving Average Volume: 31,107.31 USDT
Volume Moving Averages Comparison
Volume of the previous trading day: 50,308.00 USDT
Previous day’s volume is 60.12% higher than the 5-day moving average.
Previous day’s volume is 41.37% higher than the 22-day moving average.
Previous day’s volume is 21.49% higher than the 50-day moving average.
Previous day’s volume is 54.56% higher than the 100-day moving average.
Previous day’s volume is 61.72% higher than the 250-day moving average.
Percentage Differences Between Moving Averages:
5-day moving average is -11.71% lower than the 22-day moving average.
22-day moving average is -14.06% lower than the 50-day moving average.
50-day moving average is 27.23% higher than the 100-day moving average.
100-day moving average is 4.63% higher than the 250-day moving average.
Volume Trend
The longest consecutive volume increase started on 14-09-2024 with a volume of 12,137.91 USDT and ended on 18-09-2024 with a volume of 36,087.02 USDT, lasting for 4 days and representing a 197.31% increase.
The longest consecutive volume decrease started on 11-06-2024 with a volume of 41,436.02 USDT and ended on 16-06-2024 with a volume of 9,392.52 USDT, lasting for 5 days and representing a 77.33% decrease.
Price Volume Coorelation
During the longest volume increasing period price increased from 59,993.03 USDT to 61,759.99 USDT, which represents a 2.95% increase.
During the longest volume decreasing period price decreased from 67,314.24 USDT to 66,676.87 USDT, which represents a 0.95% decrease.
Strategy
The 22-day moving average is in support. If it closes with an increase for two consecutive days, the previous day’s close can be determined as the stop loss level and a “long” position can be opened.
BTC – Bitcoin
Legal Disclaimer: This Chart and The Accompanying Analyses Are Not Investment Advice.
