Bitcoin Price Analysis: 27609 Absorbed - 19 March 2023

Ngu-CryptoDaily - Kunyaka oyi-1 odlulileyo - Ixesha lokufunda: imizuzu emi-2

Bitcoin Price Analysis: 27609 Absorbed - 19 March 2023

BTC/USD Absorbs 27609 Level:  Sally Ho’s Technical Analysis – 19 March 2023

Bitcoin (BTC/USD) sought to sustain recent gains early in the Asian session as the pair hovered around the 27500 level after trading as high as the 27834.54 area, its highest print since mid-June 2022.  Stops were elected above the 27609.48 level during the ongoing appreciation, an upside price objective linked to buying pressure that previously emerged around the 20333.33 area.  Stops were previously elected above the 26931.99 area during the rapid ascent, an upside price objective linked to recent buying pressure around the 20370.01 level.  Following the recent appreciation, upside price objectives include the 27901.68, 28004.20, 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37. 

Traders recently lifted BTC/USD from the 24064.72 area during a recent pullback, a level that represents the 78.6% retracement of the depreciating range from 25288.88 to 19568.52.   Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25817, 25271, 25065, 24457, 24181, 23850, and 23300 levels.  Below current price activity, downside price objectives include the 19266, 19132, 19106, 19006, 18981, 18919, 18822, 18116, 17720, 17523, 17457, 17230, and 17196 areas.  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 bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly).

Umsebenzi wexabiso ukufutshane kwi-50-bar MA (4-ngeyure) kwi-23646.51 kunye ne-50-bar MA (Ngeyure) kwi-26349.51.

 

Inkxaso yezobuGcisa ilindeleke malunga ne-21753.70 / 19568.52 / 18390.99 kunye ne-Stops kulindeleke ngezantsi.

Ukuchaswa kobuchwephesha kulindeleke malunga ne-27901.68 / 28004.20 / 29244.66 kunye nokuma okulindelweyo ngasentla.  

Kwitshathi yeyure ezi-4, iSlowK iBullishly ngaphezulu kweSlowD ngelixa i-MACD iBullishly ngaphezulu kweMACDA.

Kwitshathi yemizuzu engama-60, i-SlowK iphantsi kwe-SlowD ngelixa i-MACD iphantsi kwe-MACDA.                                   

 

Ukuziphendulela: Uhlalutyo lobuGcisa luka-Sally Ho lunikezelwa ngumntu wesithathu, kunye neenjongo zolwazi kuphela. Ayibonakali iimbono ze-Crypto Daily, kwaye ayijoliswanga ukuba isetyenziswe njengezomthetho, irhafu, utyalo-mali, okanye iingcebiso zemali.

Umthombo wo kuqala: I-CrystalDaily