BTC/USD Absorbs 26587 Target:  Sally Ho’s Technical Analysis – 18 June 2023

Bitcoin (BTC/USD) extended recent gains early in the Asian session as the pair reached the 26783.20 area after Stops were elected above the 26611.97 area, representing the 50% retracement of the recent depreciating range from 28473.93 to 24750.  Additional upside retracement levels in this depreciating range include the 27051, 27595, and 27677 areas.   Significant Stops were also elected above the 26587.57 area during the climb, an upside price objective associated with buying pressure that emerged around the 24750 and 25143.24 areas.   The technical significance of these levels was confirmed when buying pressure emerged around the 26165 area during a pullback, just above another upside price objective around the 26153 area.  Below the market, downside price objectives include the 25323.24 and 24680.87 levels.  Stops are also cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25094, 23954, 23255, 22278, and 22025 areas.

Additional downside price objectives include the 24440, 23208, and 22769 levels.  Following recent price activity, areas of technical resistance and potential selling pressure include the 27528, 27737, 27805, 28200, 28473, and 28873 levels.  Upside retracement levels in recent depreciating ranges include the 28700, 28741, 28868, 29243

Go to Source to See Full Article
Author: Sally Ho

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details