BTC/USD Weaker After Testing 27051: Sally Ho’s Technical Analysis – 21 June 2023
Bitcoin (BTC/USD) continued to cede recent gains early in the Asian session as the pair came off after testing the 27051.39 area, representing the 61.8% retracement of the recent depreciating range from 28473.93 to 24750. Buying pressure recently strengthened around the 26236.80 area during the appreciation, representing the 23.6% retracement of the broader depreciating range from 31050 to 24750. Additional upside retracement levels in this broader depreciating range include the 27156, 27900, 28643, 29563, and 29701 areas. Below the market, downside price objectives include the 25323.24 and 24680.87 levels. Stops are also cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25094, 23954, 23255, 22278, and 22025 areas.
Additional downside price objectives include the 24440, 23208, and 22769 levels. Following recent price activity, areas of technical
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