BTC / USD weaker after peaking at 52100: Sally Ho technical analysis Dec 29, 2021 BTC

Bitcoin (BTC / USD) it was be unable to to hold recent Profits early today Asian sitting as the couple depreciated from the 52100 level, his stronger impression as peak about 51995 area in early December. Stops They were chosen below the 50535.16, 49567.08, Y 48784.66 levels during the pull back, representing the 23.6%, 38.2%, Y 50% setbacks of recent appreciating range from 45469.32 to 52100. Additional recoil levels at appreciating range include the 48002, 47034, Y 46888 areas. 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 50-bar MA (4 hours) at 49121.24 and the 200-bar MA (Every hour) at 49089.54.

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 Bearish below SlowD While MACD is Bearish below MACDAverage.

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-weaker-after-peaking-at-52100-sally-ho-technical-analysis-29-december-2021-btc-bitcoin

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