BTC/USD Bears Absorb 25474 Target: Technical Analysis by Sally Ho – June 7, 2023
Bitcoin (BTC/USD) extends recent pull back already Asian Conversation continues as pair track this 25474.18 levelA downside price target related selling pressure That strengthen surrounding 28334.75 area. stop yes elected the following this 25474.18 area Bear as Bitcoin/USD pushed reduce arrive 25351.92 area, its weakest print Since mid-March.this trick reduce also represents a test of 25309.26 area, a grade that represents 50% retracement of Appreciation range from 19568.52 arrive 30825.30. stop yes Quoted below main retracement level Link to 19568.52 and 15460 levelsinclude 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139and 18796 field.
additional downside price target include 24705, 24440, 23208and 22769 levels. Following recent price activity, technical resistance and potential selling pressure include 26088, 26544, 29813, 26696, 26912, 27281, 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 200 bar MA (4 hours) and more than this 100 bar MA (4 hours). also, 50 bar MA (hourly) yes pessimistically show the following this 100 bar MA (hourly) and the following this 200 bar MA (hourly).
Price activity closest to 100 moving average (4 hours) at 26904.71 and 50 moving average (hourly) at 26409.93.
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 Much lower than MACDAverage.
exist 60 minutes chart, Slow K yes Much lower than SlowD although MACD yes Bullish above 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.
