BTC / USD Backed By 49,955 Technical Offers – Sally Ho Technical Analysis Dec 28, 2021 BTC

Bitcoin (BTC / USD) sought to retain recent Profits about him 50,000 psychologically important figure early today Asian session as the couple who recently met buying pressure about Level 49955, which represents a proof of the 23.6% retracement of recent appreciating range from 45469.32 to 51527.62. Additional retracement levels to the downside in this appreciating range include the 49213, 48498, 47783, 46899, Y 46765 levels. Some selling pressure recently emerged around the 51527.62 level, which represents a proof of a retracement level to the downside related to selling pressure that grew stronger around the 57670.68 area. BTC / USD has earned more that 73% so far this year despite a depreciation from 11.4% so far this month.

Selling pressure started around Level 59 114.84 in recent weeks and many Stops They were chosen below the downside price targets during the selling pressure, including the 56533, 56080, 55735, 54295, 54114, 53748, 53600, 53046, 52351, 51322, 51171, 50185, 49361, 47400, 47426, 44974, Y 44667 levels. Following the recent of the couple volatility, retracement levels up and areas of potential technical resistance include the 52706.65, 55157.38, Y 55526.67 areas. Traders are observing that 50-bar MA (every 4 hours) is indicating bearish below the 200-bar MA (every 4 hours) Y about the 100-bar MA (every 4 hours). He too 50-bar MA (per hour) is bullish indicating about the 100-bar MA (per hour) Y about the 200-bar MA (per hour).

Price activity is closest to the 200-bar MA (4 hours) at 51231.76 and the 50-bar MA (Every hour) at 50523.88.

Technical support wait around 42151.91 / 38670.39 / 35734.12 with Stops expected below.

Technical resistance wait around 53046.01 / 55157.38 / 55526.67 with Stops expected above.

About 4 hours graphic, SlowK is Bullish above SlowD While MACD is Bearish below MACDAverage.

About 60 minutes graphic, SlowK is Bullish above SlowD While MACD is Bullish above MACDAverage.

Disclaimer: This business analysis is provided by a third party and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment or financial advice.


Source: https://cryptodaily.co.uk/2021/12/btc-usd-supported-by-49955-technical-bids-sally-ho-technical-analysis-28-december-2021-btc-bitcoin

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