Bitcoin

Bitcoin (BTC/USD) consolidated some recent losses early in the Asian session as the pair orbited the 26756.69 area, representing the 50% retracement of the appreciating range from 24900 to 28613.37. Bears pushed BTC/USD as lowas the 26521.32 area during the ongoing pullback, its lowest print since late September, representing a test of the 78.6% retracement of the appreciating range from 25983.78 to 28613.37. Earlier, Stops were elected below the 27097.06 and 27029.82 areas during the depreciation, downside price objectives associated with recent selling pressure around the 28288.88 level. Additional downside price objectives include the 26365 and 25770 levels. Below the market, Stops are accruing below some downside price objectivesincluding the 24155, 23270, 23204, 23164, 22949, 22028, 21496, 21242, and 20702 areas.Areas of technical resistance and potential selling pressure remain the 28934, 29228, 29665, 29964, 30053, and 30222 levels. Further above the market, Stops are cited above the 30178 and 31862 areas. Three significant technical levels that technicians continue to monitor include the 29514, 23438, and 20195 levels, areas related to selling pressure around the 69000, 59249, and 52100 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). 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 200-bar MA (4-hourly) at 26788.39 and the 50-bar MA (Hourly) at 27051.07.Technical Support is expected around 24440.41/ 23270.10/ 22769.39 with Stops expected below.Technical Resistance is expected around 31986.16/ 32989.19/ 34658.69 with Stops expected above.On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage.On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage.Sally Ho’s Technical Analysis<a href="https://cryptodaily.co.uk/2023/10/bitcoin-price-analysis-26988-technical-support-tested-after-stops-elected-12-october-2023" rel="noopener noreferrer nofollow">View Yesterday’s Trading Analysis</a>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.RELATED TOPICS: <a href="https://cryptodaily.co.uk/tag/btc-usd" rel="noopener noreferrer nofollow">#BTC/USD</a> <a href="https://cryptodaily.co.uk/tag/btcusd" rel="noopener noreferrer nofollow">#BTCUSD</a> <a href="https://cryptodaily.co.uk/tag/sally-ho" rel="noopener noreferrer nofollow">#SALLY HO</a> <a href="https://cryptodaily.co.uk/tag/btc" rel="noopener noreferrer nofollow">#BTC</a> <a href="https://cryptodaily.co.uk/tag/bitcoin" rel="noopener noreferrer nofollow">#BITCOIN</a> <a href="https://cryptodaily.co.uk/tag/trading" rel="noopener noreferrer nofollow">#TRADING</a><a href="https://cryptodaily.co.uk/tag/trading-analysis" rel="noopener noreferrer nofollow">#TRADING ANALYSIS</a> <a href="https://cryptodaily.co.uk/tag/trading-analytics" rel="noopener noreferrer nofollow">#TRADING ANALYTICS</a> <a href="https://cryptodaily.co.uk/tag/analytics" rel="noopener noreferrer nofollow">#ANALYTICS</a> <a href="https://cryptodaily.co.uk/tag/breaking-news" rel="noopener noreferrer nofollow">#BREAKING NEWS</a> <a href="https://cryptodaily.co.uk/tag/spotlight" rel="noopener noreferrer nofollow">#SPOTLIGHT</a><a href="https://cryptodaily.co.uk/tag/technical-analysis" rel="noopener noreferrer nofollow">#TECHNICAL ANALYSIS</a><a href="https://cryptodaily.co.uk/2023/10/fidelity-highlights-bitcoin-as-the-premier-digital-currency" rel="noopener noreferrer nofollow">DON&#39;T MISS</a><a href="https://cryptodaily.co.uk/2023/10/fidelity-highlights-bitcoin-as-the-premier-digital-currency" rel="noopener noreferrer nofollow">Fidelity highlights bitcoin as the premier digital currency</a><a href="https://cryptodaily.co.uk/2023/10/crypto-on-the-brink-bounce-needed-soon" rel="noopener noreferrer nofollow">UP NEXT</a><a href="https://cryptodaily.co.uk/2023/10/crypto-on-the-brink-bounce-needed-soon" rel="noopener noreferrer nofollow">Crypto on the brink - bounce needed soon</a>

Bitcoin Price Analysis: Moderation After Testing 26546 – 13 October 2023

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