March 4, 2024

BTC/USD Bulls Eye 29458 Barriers: Technical Analysis by Sally Ho – June 22, 2023

Bitcoin (BTC/USD) Up Recently appreciate already Asian session returns as a pair transaction more than this 29000 graphs For the first time since early May 29226.26 area. stop yes more than elected series Upside Price Target relevant buying pressure that first strengthen surrounding 24750 area, including 27419, 28119, 28243, 29068and 29159 field. stop Too Pick a target above price related buying pressure Appear in 25143.24 area, including 27718, 27810, 28325, 28634and 29077 field.additional Upside Price Target include 29458, 30088, 30200, 30292, 30477, 31488, 31737, 32125and 33569 field. stop quoted more than additional Upside Price Target surrounding 31674, 32043, 34531and 34658 field.

Following the recent Uplink price activity, field technical support and potential buying pressure include 28169, 27516, 26988, 26459, 25806and 25707 field. Upside retracement level Link to selling pressure That strengthen surrounding 31050 area includes 29563.20 and 29701.80 field.traders observed 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 Optimistically show more than this 100 bar MA (hourly) and more than this 200 bar MA (hourly).

Price activity closest to 200 moving average (4 hours) at 26693.17 and 50 moving average (hourly) at 27466.97.

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 Bullish above SlowD although MACD yes Bullish above MACDAverage.

exist 60 minutes chart, Slow K yes Bullish above 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.