Bitcoin

BTC/USD Bulls Eye 27805:&nbsp; Sally Ho&rsquo;s Technical Analysis &ndash; 15 June 2023
Bitcoin (BTC/USD) continued its recent volatile trading activity early in the Asian session as the pair has been unable to sustain a break of the 27000 figure following strong selling pressure that emerged around the 28473.93 area.&nbsp; Buying pressure recently had remained strong following technical bids that strengthened around the 25650 area, representing a test of the 76.4% retracement of the recent short-term appreciating range from 25474.89 to 26219.10.&nbsp; Above the market, Stops are cited above the 26544, 26912, 27281, 27737, and 27805 levels.&nbsp; &nbsp;Below the market, downside price objectives include the 25323.24 and 24680.87 levels.&nbsp; Notably, the 25309.26 area represents the 50% retracement of the appreciating range from 19568.52 to 30825.30.&nbsp; Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas.
Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels.&nbsp; Following recent price activity, areas of technical resistance and potential selling pressure include the 27528, 27737, 27805, 28200, 28473, and 28873 levels.&nbsp; Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243, 29299, and 29284 levels.&nbsp; Above the market, upside price objectives include the 30420.74, 31237.11, 31477.37, 32501.23, 32556.73, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels.&nbsp; &nbsp;Traders are&nbsp;observing&nbsp;that the&nbsp;50-bar MA (4-hourly)&nbsp;is&nbsp;bearishly indicating below the 100-bar MA (4-hourly)&nbsp;and&nbsp;below the&nbsp;200-bar MA (4-hourly).&nbsp; Also, the 50-bar MA (hourly) is bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the&nbsp;50-bar MA&nbsp;(4-hourly) at 26204.19 and the&nbsp;100-bar MA&nbsp;(Hourly) at 25961.79.
Technical Support&nbsp;is expected around&nbsp;24440.41/ 23270.10/ 22769.39 with&nbsp;Stops&nbsp;expected below.
Technical Resistance&nbsp;is expected around&nbsp;31986.16/ 32989.19/ 34658.69 with&nbsp;Stops&nbsp;expected above.&nbsp;&nbsp;
On&nbsp;4-Hourly&nbsp;chart,&nbsp;SlowK&nbsp;is Bearishly below SlowD&nbsp;while&nbsp;MACD&nbsp;is Bullishly above MACDAverage.
On&nbsp;60-minute&nbsp;chart,&nbsp;SlowK&nbsp;is Bearishly below SlowD&nbsp;while&nbsp;MACD&nbsp;is&nbsp;Bullishly above MACDAverage.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
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Disclaimer: Sally Ho&rsquo;s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Bitcoin Price Analysis: Bulls Eyeing 27805 - 15 June 2023

Crypto Daily™

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