February 21, 2024



BTC/USD 30000 at risk of bearishness: Technical analysis by Sally Ho – June 29, 2023

Bitcoin (BTC/USD) remains at defensive already Asian conversation as a pair tested this 30000 graphs Following the new round selling pressure grow stronger all around 30368.03 area.Following the recent selling pressurearea potential tech support and buying pressure include 29863, 29427, 28886, 28804, 28182, 28096and 27306 area. buying pressure recent exacerbated only more than this 30198.14 area and 29863.96 area, retracement level related buying pressure gather at 26165.98 and 24750 area.the closest of the two Print surrounding 31443.67 area is a 12-month high and test one of Upside Price Target related buying pressure That strengthen surrounding 26637.41 area. stops recently selected above this 30127.80 period area appreciateone Upside Price Target related historical buying pressure appearing around 15460 and 19568.52 area.

stops Too trigger above additional Upside Price Target surrounding 29068, 29159, 29458, 30088, 30200, 30292and Level 30477.additional Upside Price Target include 31737, 32125and 33569 area. stops quoted more than additional Upside Price Target surrounding 31674, 32043, 34531and 34658 area.Technicians are watching closely to see how many technical support around development 28095.44 area, representing 23.6% retracement of historical depreciation from 69000 arrive 15460.traders observed 50 bar MA (4 hours) yes above shows bullish this 100 bar MA (4 hours) and more than this 200 MAs (4 hours). in addition, 50 bar MA (hourly) yes pessimistically show the following this 100 bar MA (hourly) and more than this 200 bar MA (hourly).

Price activity closest to 50 bar MA (every 4 hours) on 29838.91 and 50 bar MA (hourly) at 30430.69.

technical support estimated about 24440.41/ 23270.10/ 22769.39 and stops expected to be lower than.

technical resistance estimated about 31986.16/ 32989.19/ 34658.69 and stops As expected.

exist 4 hours chart, Slow K yes Below SlowD Bearish although MACD yes Bearish below MACD.

exist 60 minutes chart, Slow K yes Bullish above SlowD although MACD yes Bearish below the MACD average.

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.