Bitcoin

April

BTC/USD Tackles 30000:&nbsp; Sally Ho&rsquo;s Technical Analysis &ndash; 27 April 2023
Bitcoin (BTC/USD) reversed course and extended interday gains early in the Asian session as the pair traded back above the 30000 figure following a recent low around the 26965.14 area.&nbsp; Stops were elected above the 27929.17, 28525.56, 29007.57, and 29489.58 areas during the surge higher, retracement levels associated with the recent depreciating range from 31050 to 26965.14.&nbsp; &nbsp;Stops were also elected above the 28036.96 and 29370.70 areas during the appreciation, upside price objectives associated with recent buying pressure around the 27194.51 and 28161.74 areas.&nbsp; Additional related upside price objectives include the 30420.74, 31237.11, and 32556.73 levels.&nbsp;
Downside price objectives related to recent depreciating ranges and levels include the 26533, 26085, 25604, and 24103 levels.&nbsp; Additional upside price objectives include the 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels.&nbsp; &nbsp;Another important price objective is the 31846.88 area, a level that represents the 50% retracement of the depreciating range from 48233.76 to 15460.&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 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the&nbsp;100-bar MA&nbsp;(4-hourly) at 29060.93 and the&nbsp;200-bar MA&nbsp;(Hourly) at 28373.79.
Technical Support&nbsp;is expected around&nbsp;26533.04/ 25604.51/ 25094.62 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&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 Absorb 30000 - 27 April 2023

Crypto Daily™

Andre artikler udgivet 26. apr. 2023

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