BTC/USD Bears Out 28479: Technical Analysis by Sally Ho – April 21, 2023
Bitcoin (BTC/USD) extends recent pull back already Asian session is still heavy the following this 29000 graphs after the crash the following this 28428.91 area, previous price target related buying pressure surrounding 27564.10 area in early April.trader knocking Bitcoin/USD as low as 28353.10 area after stop yes Elected as follows this 28479.91 area, a downside price target Link to selling pressure That strengthen surrounding 30500 area. downside price target related to recent Depreciation range and level include 28274, 28034, 27758, 27283, 27119, 26533, 2608525604, and 24103 levels. Following recent price activity, retracement level and fields potential technical resistance include 29159, 29383, 29408, 29657, 29701, 29965, 30012, 30413and 30472 levels.
After recent price activity, retracement level and fields potential tech support include 27370, 26664, 25309, 25094, 23954, 23255and 21415 levels. Upside Price Target include 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28and 38403.97 levels. Another important price target Is 31846.88 area, a grade that represents 50% retracement of Depreciation range from 48233.76 arrive 15460. Traders observed that 50 bar MA (4 hours) yes bullish above this 100 bar MA (4 hours) and more than this 200 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 29176.01 and 50 moving average (hourly) at 29535.23.
technical support Estimated surrounding 28034.13/ 27887.62/ 26297.85 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 Bullish above 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.