BTC / USD to end 2021 above 50,000? Sally Ho Technical Analysis Dec 27, 2021 BTC

Bitcoin (BTC / USD) continuous orbit the 50,000 psychologically important figure early today Asian session after recent couple rise back about that level to the 51527.62 level, to proof of the 51322.75 area that was a price target down related to selling pressure that emerged around the 57670.08 level. BTC / USD has earned more that 73% so far this year despite a depreciation from 11.4% so far this month. Stops they were recently chosen above the 49502.19, 50454.94, Y 50588.50 levels, representing the 61.8%, 76.4%, Y 78.6% setbacks 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 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 51724.29 and the 50-bar MA (Every hour) at 49371.85.

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 Bullish above the MACDA average.

About 60 minutes graphic, SlowK is Bearish below SlowD While MACD is Bearish below 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-to-finish-2021-above-50000-sally-ho-technical-analysis-27-december-2021-btc-bitcoin

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