BTC/USD Absorbs 26587 Target: Technical Analysis by Sally Ho – June 18, 2023
Bitcoin (BTC/USD) extends near-term income already Asian Sessions are reached as pairs 26783.20 area after stop yes more than elected this 26611.97 area, representing 50% retracement recent Depreciation rate from 28473.93 arrive 24750. additional Upside retracement level at this Depreciation range include 27051, 27595and 27677 field.important stop Too more than elected this 26587.57 period area climbone Upside Price Target related buying pressure Appear in 24750 and 25143.24 field.this technical significance These level used to be comfirmed when buying pressure Appear in 26165 period area pull backonly more than other Upside Price Target surrounding 26153 area. the following market, downside price targets include 25323.24 and 24680.87 levels. stop Too Quoted below main retracement level Link to 19568.52 and 15460 levelsinclude 25094, 23954, 23255, 22278and 22025 field.
additional downside price target include 24440, 23208and 22769 levels. Following recent price activity, technical resistance and potential selling pressure include 27528, 27737, 27805, 28200, 28473and 28873 levels. Upside retracement level recently Depreciation range include 28700, 28741, 28868, 29243, 29299, and 29284 levels. more than market, Upside Price Target include 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Traders observed that 50 bar MA (4 hours) yes Pessimistically indicate below this 100 bar MA (4 hours) and the following this 200 bar MA (4 hours). also, 50 bar MA (hourly) yes pessimistically show the following this 200 bar MA (hourly) and more than this 100 bar MA (hourly).
Price activity closest to 200 bar moving average (4 hours) at 26661.17 and 200 bar moving average (hourly) at 25913.83.
technical support Estimated surrounding 24440.41/ 23270.10/ 22769.39 and stop The expectations are as follows.
technical resistance Estimated surrounding 31986.16/ 32989.19/ 34658.69 and stop above expectations.
exist 4 hours chart, Slow K yes Much lower than SlowD although MACD yes Bullish above MACDAverage.
exist 60 minutes chart, Slow K yes Much lower than SlowD although MACD yes Much lower than MACDAverage.
Disclaimer: Sally Ho’s technical analysis is provided by a third party and is for informational purposes only. It does not reflect the views of Crypto Daily and is not intended to be used as legal, tax, investment or financial advice.