Bitcoin

<html>
 <head></head>
 <body>
 BTC/USD Bears Eye 29592 Pain:&nbsp; Sally Ho’s Technical Analysis – 19 July 2023 
 Bitcoin (BTC/USD) encountered additional downside pressure early in the Asian session as the pair continued to trade below the 30000 figure after selling pressure intensified around the 30297.51 level following a rebound from its weakest print in July.&nbsp;&nbsp; Traders pushed BTC/USD as low as the 29668.58 area after Stops were elected below the previous monthly low around the 29715 area.&nbsp; The brief rebound to the 30291 level represented a test of the 23.6% retracement of the recent narrow appreciating range from 29715.87 to 30456.&nbsp; Significant Stops are cited below the 29592.63 area that is related to recent selling pressure that strengthened around the 31862.21 and 31376.52 areas. &nbsp;&nbsp;Following recent trading activity, areas of technical support and potential buying pressure include the 29108, 28275, 27443, 26413, and 26257 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;Upside price objectives include the 32125 and 33569 areas, and Stops are cited above additional upside price objectives around the 32043, 34531, 34658, and 35912 areas.&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 bearishly indicating below the 100-bar MA (hourly) and below the 200-bar MA (hourly). 
 Price activity is nearest the&nbsp;200-bar MA&nbsp;(4-hourly) at 29442.03 and the&nbsp;50-bar MA&nbsp;(Hourly) at 30169.73. 
 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 Bearishly below 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; 
 &nbsp; 
 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.
 </body>
</html>

Bitcoin Price Analysis: Bears Eye 29592 Pain - 19 July 2023

Crypto Daily™

Другие статьи, опубликованные 18 июл. 2023 г.

Thodex ex-CEO jailed for 7.5 months in Turkey

Cryptocurrency Issuance: Exploring Flexible Majority Rules

Hedera Hosts Korean Shinhan Bank's Stablecoin Testing

Shiba Inu’s Shibarium to Help Burn 5 Trillion SHIB Every Month – Can It Drive Price to a New ATH ...

Neon EVM Released to Allow Deploying EVM Application on Solana

Analysts Convinced FTX and FTT Collapse Fueling Demand For Utilitarian Projects Like DigiToads

Join our free newsletter for daily crypto updates!