BTC/USD Awaiting Breakout Move: Sally Ho’s Technical Analysis – 7 August 2023
Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair remained confined to a narrow range following a move to the 30033 area earlier this month. Traders lifted BTC/USD to the 29108.47 area before depreciating to the 29007.65 level, a downward move that represented a test of the recent appreciating range from 28946.17 to 29108.47. Selling pressure then emerged around the 29046.95 area, right around the 38.2% retracement of the appreciating range. The 29164.09 area continues to be a major level for BTC/USD, representing a previous downside price objective related to selling pressure that intensified around the 30350.70 area. Additional downside price objectives linked to recent selling pressure include the 28432, 28213, 28137, 27979, 27757, 27430, 27409, 27338, 27312, 27246, 26501, 26348, and 26199 levels. Also, the 28095.44 area represents the 23.6% retra
We współpracy z: https://cryptodaily.co.uk/2023/08/bitcoin-price-analysis-awaiting-breakout-7-august-2023
