BTC/USD Orbiting 28340: Sally Ho’s Technical Analysis – 22 April 2023
Bitcoin (BTC/USD) remained under pressure early in the Asian session as the pair continued to orbit the 28340.37 area, representing the 23.6% retracement of the broad appreciating range from 19568.52 to 31050. The pair was unable to sustain a recent brief rebound to the 28371.88 area and extended the sell-off to the 27815 area. Stops were recently elected below the 28479.91 area, a downside price objective linked to selling pressure that intensified around the 30500 area. Downside price objectives related to recent depreciating ranges and levels include the 27758, 27283, 27119, 26533, 26085, 25604, and 24103 levels. Following recent price activity, retracement levels and areas of potential technical resistance include the 29159, 29383, 29408, 29657, 29701, 29965, 30012, 30413, and 30472 levels.
Following recent price activity, retracement levels and areas of potential technical support include the 2
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