February 21, 2024

BTC/USD Stops Above 30994: Technical Analysis by Sally Ho – June 30, 2023

Bitcoin (BTC/USD) seeks extend recent earnings Asian conversation as a pair Regroup from 29885.53 area and reach 30753.74 area following stability benefit Activity exacerbated surrounding 30127.80 district, a Upside Price Target relevant purchase activity appearing around 15460 and 19568.52 area.this 50 bar, 4 hour simple moving average Provided technical support for Bitcoin/USD Several trading sessions.the closest of the two Print surrounding 31443.67 area is a 12-month high and test one of Upside Price Target related buying pressure That strengthen surrounding 26637.41 area.additional Upside Price Target include 31737, 32125and 33569 area. stop quoted more than additional Upside Price Target surrounding 31674, 32043, 34531and 34658 area.

Following the recent selling pressurearea potential tech support and buying pressure include 29863, 29427, 28886, 28804, 28182, 28096and 27306 area. stop recently trigger above additional Upside Price Target surrounding 29068, 29159, 29458, 30088, 30200, 30292and Level 30477.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 pessimistically show the following this 100 bar MA (hourly) and more than this 200 bar MA (hourly).

Price activity closest to 50 bar MA (every 4 hours) on 30245.77 and 100 bar MA (hourly) at 30400.39.

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 Bullish above SlowD although MACD yes Bearish below MACD.

exist 60 minutes chart, Slow K yes Below SlowD Bearish although MACD yes Bullish above 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.