BTC/USD Breach of 29768 at Risk: Sally Ho’s Technical Analysis – 23 July 2023
Bitcoin (BTC/USD) has been unable to sustain upward traction early in the Asian session as the pair remains pressured below the 30000 figure after recently topping out around the 30060.28 level, right around an upside price objective associated with recent buying pressure around the 29525 and 30059.95 levels. Following the print around 30060, downside price pressures reversed at the 29768.19 area, right around a downside price objective associated with recent selling pressure around the 30421 and 30281 levels. Additional downside price objectives include the 29403, 29089, 28775, 28386, and 27757 levels. Below current price activity, the 28095.44 area represents the 23.6% retracement of the historical depreciating range from 69000 to 15460.
Following recent upside activity, areas of technical support and potential buying pressure include the 28306, 27466, 26428, and 26272 levels. Above the
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