Bitcoin

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 BTC/USD Bulls Eyeing 31137 Level:&nbsp; Sally Ho’s Technical Analysis – 13 July 2023 
 Bitcoin (BTC/USD) worked to extend its recent appreciation early in the Asian session as the pair was back trading above the 30620 level, a level that represents the 50% retracement of the depreciating range from 31525.10 to 29715.87.&nbsp;&nbsp; Bulls are eyeing the 31137.92 area, representing the 78.6% retracement of the same depreciating range, above which Stops are cited.&nbsp;&nbsp; Additional upside price objectives include the 31737, 32125, and 33569 areas.&nbsp; Stops are cited above additional upside price objectives around the 31674, 32043, 34531, and 34658 areas.&nbsp; &nbsp;Following recent trading activity, areas of technical support and potential buying pressure include the 29926, 29477, 28937, 28845, 28213, 28137, 27430, 27338, 27312, 26348, and 26199 levels.&nbsp; 
 Upside price objectives related to historical buying activity include the 31674, 32043, 34531, 34658, and 35912 levels.&nbsp; Below current price activity, the 28095.44 area represents the 23.6% retracement of the historical depreciating range from 69000 to 15460.&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;above the&nbsp;200-bar MA (4-hourly).&nbsp; Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). 
 Price activity is nearest the&nbsp;100-bar MA&nbsp;(4-hourly) at 30499.83 and the&nbsp;50-bar MA&nbsp;(Hourly) at 30525.03. 
 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 Bullishly above 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’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.
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Bitcoin Price Analysis: Bulls Eyeing 31137 Level - 13 July 2023

Crypto Daily™

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