Bitcoin (BTC/USD) hovered near its strongest print since May 2022 early in the Asian session as the pair retained strong upward momentum following its rapid ascent to the 35157.53 area.  Numerous Stops were elected as BTC/USD rocketed to 2023 highs including above the 30888, 30939, 31031, 31531, 31603, 31953, 32046, 32097, 32118, 32206, 32426, 32525, 32628, 32854, 32978, 33079, 33142, 33478, 33755, 33797, 33819, 33962, 34587, 34626, and 34680 levels.  The fresh multi-month high around the 35157 area represented a test of an upside price objective around the 35035 area relating to recent upward activity around the 29328 and 32525 levels.  Additional upside price objectives include the 35718, 35982, 36115, 36541, 36798, 37239, 37890, 38409, 38561, 38584, 39636, 40549, 40743, 40837, 41402, 43841, 43860, and 44269 levels.

Major Stops were also elected above the 34190.77 area during the appreciation, a previous downside price objective related to historical selling pressure around the all-time high of 69000 and 59249 levels.  Following the surge higher, areas of technical support and potential buying pressure in

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Author: Sally Ho

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