February 26, 2024

BTC/USD bearish break above 29089: Technical analysis by Sally Ho – July 25, 2023

Bitcoin (BTC/USD) Still Comparable weak already Asian conversation as a pair plummeted arrive 28973.24 post-trade area High as 30350.70 area, a brief move represents the test the most recent one price target related buying pressure surrounding 29525 and 29757.44 area. stop yes Choose below this 29403 and Level 29089 during the acute phase depreciation, downside price target link to the nearest selling pressure surrounding 30421.29 and 29851.28 level.related downside price target include 28775, 29386and Level 27757.fast depreciation also represents a test of 28937 and Level 28845, Upside Price Target relevant buying pressure from around june 24750 and Level 26165.Other downside price targets include 29386, 28213, 28137, 27757, 27430, 27338, 27312, 26348and Level 26199.

the following current price activity, 28095.44 area representative 23.6% retracement of historical depreciation from 69000 arrive 15460.Following the recent benefit activity, area technical support and potential buying pressure include 28306, 27466, 26428and Level 26272. more than market, Upside Price Target include 30526, 30611, 30762and 31145 area. Upside Price Target related to other level of buying pressure include 32125 and 33569 region, and stop quoted more than additional Upside Price Target surrounding 32043, 34531, 34658and 35912 area.traders observed 50 bar MA (4 hours) yes Below indicates bearish this 100 bar MA (4 hours) and the following this 200 MAs (4 hours). in addition, 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 50 bar MA (every 4 hours) on 29980.73 and 50 bar MA (hourly) at 29853.07.

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

technical resistance estimated about 31986.16/ 32989.19/ 34658.69 and stop 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 Below SlowD Bearish 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.