BTC/USD Light Flurry of a Rally: Sally Ho’s Technical Analysis – 22 December 2022
Bitcoin (BTC/USD) sought to add to modest gains early in the Asian session as the pair was back orbiting the 16849 level, an area that represents a price objective related to selling pressure that recently emerged around the 18385.36 and 17525 levels. This follows a brief move higher to the 17060.86 area, a move that represented a test of the 100-bar, 4-hourly simple moving average. Stops were recently elected below the 16375.18 level during a move lower, an area that is a downside price objective technically related to selling pressure that recently emerged around the 18385.36 and 17525 levels. Additional related downside price objectives related to these areas of selling pressure include the 15900, 15313, and 14364 levels. If BTC/USD reclaims some upside momentum, additional technically significant upside retracement levels include the 18495, 19199, 20070, and 20201 levels.
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