Bitcoin

BTC/USD 30000 Bearishly at Risk:&nbsp; Sally Ho’s Technical Analysis – 29 June 2023 
Bitcoin (BTC/USD) remained on the defensive early in the Asian session as the pair tested the 30000 figure following a fresh round of selling pressure that grew stronger around the 30368.03 area.&nbsp; &nbsp;Following recent selling pressure, areas of potential technical support and buying pressure include the 29863, 29427, 28886, 28804, 28182, 28096, and 27306 areas.&nbsp; Buying pressure recently intensified just above the 30198.14 area and 29863.96 area, retracement levels associated with buying pressure that rallied around the 26165.98 and 24750 areas.&nbsp; &nbsp;The pair’s recent print around the 31443.67 area was a twelve-month high and test of an upside price objective associated with buying pressure that strengthened around the 26637.41 area.&nbsp; &nbsp;Stops were also recently elected above the 30127.80 area during the appreciation, an upside price objective associated with historical buying pressure that emerged around the 15460 and 19568.52 areas. 
Stops were also triggered above additional upside price objectives around the 29068, 29159, 29458, 30088, 30200, 30292, and 30477 levels.&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; Technicians are closely watching to see how much technical support develops around the 28095.44 area, representing 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;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 above the 200-bar MA (hourly). 
Price activity is nearest the&nbsp;50-bar MA&nbsp;(4-hourly) at 29838.91 and the&nbsp;50-bar MA&nbsp;(Hourly) at 30430.69. 
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 Bearishly below MACDAverage. 
On&nbsp;60-minute&nbsp;chart,&nbsp;SlowK&nbsp;is Bullishly above SlowD&nbsp;while&nbsp;MACD&nbsp;is&nbsp;Bearishly below 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.

Bitcoin Price Analysis: 30000 Bearishly at Risk - 29 June 2023

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