Bitcoin

BTC/USD Bears Eyeing 26139:&nbsp; Sally Ho&rsquo;s Technical Analysis &ndash; 29 March 2023
Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair traded around the 27000 figure after trading as low as the 26640 area before once again testing the 27182 area, a downside price objective associated with selling pressure around the 28555 level.&nbsp; &nbsp;If recent selling pressure continues and the recent low of 26525 is absorbed, BTC/USD may test additional downside price objectives including the 26139, 25478, 24661, and 23340 levels.&nbsp; &nbsp;During the ongoing pullback, Stops were elected below the 27252.39 area, a downside price objective related to selling pressure around the 28839.68 and 28500 levels.&nbsp; Technical trading activity was also evident when BTC/USD was recently supported around the 26678.16 level during the depreciation, a test of the 23.6% retracement of the recent appreciating range from 19568.52 to 28937.73. &nbsp;
Following the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels.&nbsp; &nbsp;Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. &nbsp;Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas.&nbsp; Traders are&nbsp;observing&nbsp;that the&nbsp;50-bar MA (4-hourly)&nbsp;is&nbsp;bullishly indicating above 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 bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly).
Price activity is nearest the&nbsp;100-bar MA&nbsp;(4-hourly) at 26015.26 and the&nbsp;50-bar MA&nbsp;(Hourly) at 27466.73.
&nbsp;
Technical Support&nbsp;is expected around&nbsp;25256.83/ 24224.60/ 21753.70 with&nbsp;Stops&nbsp;expected below.
Technical Resistance&nbsp;is expected around&nbsp;29244.66/ 29639.37/ 30127.80 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 Bearishly below MACDAverage.
On&nbsp;60-minute&nbsp;chart,&nbsp;SlowK&nbsp;is Bullishly above 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;
&nbsp;
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.
&nbsp;

Bitcoin Price Analysis: Bears Eyeing 26139 - 29 March 2023

Crypto Daily™

Altri articoli pubblicati su 28 mar 2023

Metaverse Fashion Week 2023: Goes Multi-Platform

XRP social dominance skyrockets as token price surges to $0.50

Binance Expands AI-Powered NFT Generator Bicasso

SafeMoon Addresses Security Vulnerability with Upgrade

Faster & Safer BTC Transactions with Zero-Knowledge Proofs | CoinGabbar News

UK Treasury drops plans for Royal Mint NFT

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!