Bitcoin (BTC / USD) sought to add to recent Profits early today Asian session as the pair traded as high As the 49349.31 level after negotiating as under As the 46645.05 area during yesterday Asian session, with the high interday representing a proof of the 50% recoil of the depreciation range from 57670.68 to 41053.06. Selling pressure recently emerged on the high interday about 49502.19 level, representing the 61.8% retracement of the depreciation range from 51995 to 45469.32. BTC / USD bulls are waiting to see if BTC / USD can hold a break above the 51503.64 area, which represents the 38.2% retracement of a wider depreciation range from 66339 to 42333.
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 100-bar MA (every 4 hours) Y below the 200-bar MA (every 4 hours). He too 50-bar MA (per hour) is bearishly indicating below the 200-bar MA (per hour) Y about the 100-bar MA (per hour).
Price activity is closest to the 50-bar MA (4 hours) at 48409.23 and the 200-bar MA (Every hour) at 47438.19.
Technical support wait around 42151.91 / 38670.39 / 35734.12 with Stops expected below.
Technical resistance wait around 52706.65 / 55157.38 / 55526.67 with Stops expected above.
About 4 hours graphic, SlowK is Bullish above SlowD While MACD is Bullish above the MACDA average.
About 60 minutes graphic, SlowK is Bearish below SlowD While MACD is Bullish above MACDAverage.
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