Bitcoin (BTC/USD) continued to reclaim recent lost ground early in the Asian session as the pair reached the 27646.29 area after depreciating to the 27160.47 area.  Stops were elected below the 27620.10 area during the rapid sell-off, a downside price objective related to recent selling pressure around the 28436 and 27979 levels.   Additional Stops were triggered below similar downside price objectives around the 27533, 27494, 27481, 27367, and 27319 levels.   Related downside price objectives include the 27131, 27115, 26974, 26902, 26803, 26782, 26374, 26349, and 26298 levels.   Above current price activity, upside price objectives include the 28769, 29151, and 29964 levels.  Areas of technical resistance and potential selling pressure include the 28614, 28769, 28934, 29228, 29665, 29964, 30053, and 30222 levels.  Stops are cited above the 30178 and 31862 areas. 

Following the ongoing appreciation, areas of technical support and potential buying pressure include the 27241, 27124, 26944, 26699, 26577, 26522, 26274, 25749, and 25670 areas.  Further below the market, Stops are accruing below some downside price objectives including the 24155, 2327

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Author: Sally Ho

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