BTC/USD Sitting on 50-Hour Moving Average:  Sally Ho’s Technical Analysis – 29 April 2023

Bitcoin (BTC/USD) continued to fade early in the Asian session as the pair continued to orbit the 29370.70 area, an upside price objective associated with recent buying pressure around the 27479.93 area.   Selling pressure recently strengthened around the 29900 area after BTC/USD topped out around the 30050.66 area.  Buying pressure emerged around the 29147 area during a pullback, representing a test of an upside price objective around the 29101.13 area.  Stops were elected above the 27929.17, 28525.56, 29007.57, and 29489.58 areas during the recent surge higher, retracement levels associated with the recent depreciating range from 31050 to 26965.14.   Stops were also elected above the 28036.96 and 29370.70 areas during the appreciation, upside price objectives associated with recent buying pressure around the 27194.51 and 28161.74 areas. 

Additional related upside price objectives include the 30420.74, 31237.11, and 32556.73 levels.  Downside price objectives related to recent depreciating ranges and levels include the 26533, 26085, 25604, and 24103 levels.  Additional upside price objectives include the 31477.37, 32501.23, 32989.19, 34583.96, 34658.69, 35222.66, 37765.28, and 38403.97 levels.   Another important price objective is the 31846.88 area, a level that represents the 50% retracement<

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