BTC/USD Again Tests 17052 Support: Sally Ho’s Technical Analysis – 11 December 2022
Bitcoin (BTC/USD) continued to test technical support early in the Asian session as the pair bounced after trading as low as the 17060.69 area, representing a test of the 50% retracement of the recent depreciating range from 17424.59 to 16679.52. Additional downside retracement levels in this depreciating range include the 16964 and 16855 levels. Stops were elected below the 17193.77 and 17095.50 areas during the pullback, representing the 23.6% and 38.2% retracements of the recent appreciating range from 16679.52 and 17352.62. If BTC/USD is able to resume its recent upward trajectory, upside areas of potential technical resistance and selling pressure include the 17791, 18495, 19199, 20070, and 20201 levels.
Below current price activity, BTC/USD bears are eyeing a possible test of recent two-year lows around the 15460 area, established after Stops were elected below the 15512 area. No
We współpracy z: https://cryptodaily.co.uk/2022/12/bitcoin-price-analysis-another-17052-test-11-december-2022
