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Bitcoin (BTC) Price Analysis: Key technicae gradus dominandi - 17 Ianuarii 2024
Bitcoin (BTC) Price Analysis: Key Technical Levels Dominating – 17 January 2024
Bitcoin (BTC/USD) continued to trade around key technical levels early in the Asian session as the pair was capped around the 43112.62 area, representing a test of the 61.8% retracement of the depreciating range from 45000 to 40150. Trading activity has orbited the 42715.80 area for several trading sessions, a downside price objective related to recent selling pressure around the 49102.29 and 46368.67 areas. After BTC/USD recently tested a downside price objective around the 41208.59 area, buying pressure emerged around the 42495 area, a test of a recent upside price objective related to recent buying activity around the 24900 and 34758.64 levels. The recent high around the 49102.29 area was BTC/USD’s strongest print since late December 2021.
Large Stops were elected above the 47934, 48466, and 48647.72 levels during the recent appreciation to multi-year highs, significant technical levels related to historical buying pressure and the all-time high of 69000. Upside price objectives include the 51701, 52121, 52971, and 53370 levels. Following the move to new multi-year highs, areas of technical support and potential buying pressure include the 42002, 41717, 41208, 39343, and 36329 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).
Actio pretium proximum est 200-barbaris MA (4-horis) ad 43348.47 et 50-bar MA (Hourly) 42736.59.
Technical Support expectatur circa 42498.13/ 40625.68/ 37321.80 cum Unguis infra expectatis.
Renisus inditur technica circa expectata (LXIV)DCCCXCIX / (LXVI)CC / 51707.77 et super clausuris expectata.
In 4 chartis Hourly, SlowK est Bullishly supra SlowD dum MACD est Bullishly supra MACDAverage.
In chartis 60-minutis, SlowK est duriter infra SlowD dum MACD est Bullishly supra MACDAverage.
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Disclaimer: Sally Ho's Analysis technica a tertia parte providetur, et tantum ad informationes proposita. Crypto Cotidie opiniones non refert, nec consilium legale, tributum, investment, aut pecuniaria adhibenda est.
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