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Bitcoin Price Analysis: BTC Awaits Next Clues

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BTC/USD Awaits Direction After Pullback: Sally Ho’s Technical Analysis – 28 August 2022

Bitcoins (BTC/USD) awaited contemporary technical sentiment early within the Asian consultation because the pair orbited the 20209 ranges after buying and selling as low because the 19932.42 house following the new crash. Intense promoting power commenced across the 21878.05 house, with that house representing a check of new technical resistance across the 21866 house. Stops had been elected underneath the 20443 house right through the pullbacka stage this is associated with contemporary purchasing power across the 18892 house. Traders proceed to watch upside worth retracement ranges within the depreciating vary from 24448 to 20760together with the 22169, 22604, 23039, 23578and 23659 spaces. Stops had been just lately elected underneath the 23185, 22296and 21392 spaces right through the wider pullback, technically vital spaces associated with purchasing power that emerged across the 17567.45 house.

Upside retracement ranges within the depreciating vary from 31549.21 to 17567.45 come with the 26208, 28249and 28557 spaces. Additional upside worth targets and spaces of possible promoting power come with the 25552, 26323, 26411, 26901, 27126, 27455, 28426, and 29669 spaces. Additional vital technical spaces at the drawback come with the 16990.14, 14500.15and 10432.73 spaces. Traders are staring at that the 50-bar MA (4-hourly) is bearishly indicating underneath the 100-bar MA (4-hourly) and underneath the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating underneath the 100-bar MA (hourly) and underneath the 200-bar MA (hourly).

Price task is nearest the 50-bar MA (4-hourly) at 21234.46 and the 50-bar MA (Hourly) at 20962.21.

Technical Support is anticipated round 16990.14/ 14500.15/ 10432.73 with Stops anticipated underneath.

Technical Resistance is anticipated round 25256.96/ 27455.20/ 32383.96 with Stops anticipated above.

On 4-Hourly charts, SlowK is Bullishly above SlowD whilst MACD is Bearishly underneath MACDAverage.

On 60-minute charts, SlowK is Bullishly above SlowD whilst MACD is Bullishly above MACDAverage.

Disclaimer: Sally Ho’s Technical Analysis is supplied by way of a 3rd celebration, and for informational functions most effective. It does no longer replicate the perspectives of Crypto Daily, neither is it supposed for use as criminal, tax, funding, or monetary recommendation.

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