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Bitcoin Price Analysis: New 2022 Low

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BTC/USD Acute Volatility:  Sally Ho’s Technical Analysis – 10 November 2022

Bitcoin (BTC/USD) remained extraordinarily unstable early within the Asian consultation because the pair prolonged its sharp depreciation that has observed many Stops elected within the decline to 17500, its weakest print in 2022.  Additional Stops have been elected beneath the 19324, 19262, 18921, and 18847 ranges all through the acute transfer decrease, and bigger promoting drive intensified beneath the 17803 and 17701 spaces, vital technical ranges associated with ancient upside drive across the 3858 and 9819 ranges.  Additional problem ranges comparable to those ancient appreciating levels come with the 16966 and 16503 ranges.  Traders lifted BTC/USD to the 20672.44 degree ahead of it got here off, a space that represents the 61.8% retracement of the new depreciating vary from 21478.80 to 19344.75.

Additional vital technical spaces at the problem come with the 16990.14, 14500.15, and 10432.73 spaces.  Above the marketplace, further upside retracement ranges in depreciating levels from the 48240, 32371, and 25214.57 ranges come with the 22508, 23542, 23579, 23698, 25236, 25251, and 26931 spaces.  Following the new transfer decrease, spaces of doable technical resistance come with the 19019, 19489, 19958, 20539, and 20627 ranges.  Traders are staring at that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly).  Also, the 50-bar MA (hourly) is bearishly indicating beneath the 100-bar MA (hourly) and beneath the 200-bar MA (hourly).

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Price task is nearest the 200-bar MA (4-hourly) at 19856.13 and the 50-bar MA (Hourly) at 20066.89.

 

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

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

On 4-Hourly chart, SlowK is Bearishly beneath SlowD whilst MACD is Bearishly beneath MACDAverage.

On 60-minute chart, SlowK is Bearishly beneath SlowD whilst MACD is Bearishly beneath MACDAverage.                                   

 

Disclaimer: Sally Ho’s Technical Analysis is equipped via a 3rd celebration, and for informational functions handiest. It does no longer replicate the perspectives of Crypto Daily, neither is it supposed for use as prison, tax, funding, or monetary recommendation.

Source By https://cryptodaily.co.united kingdom/2022/11/bitcoin-price-analysis-new-2022-low-10-november-2022

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