BTC/USD Orbiting 29318 Technicals: Sally Ho’s Technical Analysis – 30 July 2023
Bitcoin (BTC/USD) continued to moderate early in the Asian session as the pair was weaker after encountering selling pressure around the 29532.45 level, right around a previous relative low from earlier in July. Price activity orbited the 29318.26 level following the light depreciation, an upside price objective related to buying pressure around the 28850 and 28981.16 levels. Traders are monitoring the recent depreciating range from 31862.21 to 28850 with upside retracement levels around the 30000, 30356, 30711, 31151, and 31217 areas. Above the market, upside price objectives include the 30526, 30611, 30762, and 31145 areas. Upside price objectives related to other levels of buying pressure include the 32125 and 33569 areas, and Stops are cited above additional upside price objectives around the 32043, 34531, 34658, and 35912 areas.
Below the market, downside price objectives include the
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