February 23, 2024

BTC/USD tops out at 30800: Sally Ho’s technical analysis – June 23, 2023

Bitcoin (BTC/USD) continues ease already Asian conversation as a pair give back recent strong income following appreciate arrive 30800 levelit is Strongest printing Since mid-April. stops yes more than elected this 30127.80 period area Continue to appreciateone Upside Price Target related historical buying pressure Appear in 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 31488, 31737, 32125and 33569 area. stops quoted more than additional Upside Price Target surrounding 31674, 32043, 34531and 34658 area.

Following the recent Uplink price activity, field technical support and potential buying pressure include 29372, 29488, 27775, 27061, 26177and 26044 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 bullishly show more than this 100 bar MA (hourly) and more than this 200 bar MA (hourly).

Price activity closest to 50-bar MA (every 4 hours) on 28857.71 and 50 bar MA (hourly) at 29096.37.

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 Bullish above MACD average.

exist 60 minutes chart, Slow K yes Below SlowD Bearish 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.