BTC/USD Fading Below 27000: Sally Ho’s Technical Analysis – 8 June 2023
Bitcoin (BTC/USD) remained highly volatile early in the Asian session as the pair continued to fade below the 27000 figure after being lifted to the 27402.79 area, an appreciation that represented a test of the 27466.83 area. Stops were recently elected below the 25474.18 area by bears as BTC/USD was pushed lower to the 25351.92 area, its weakest print since mid-March. This move lower also represents a test of the 25309.26 area, a level that represents the 50% retracement of the appreciating range from 19568.52 to 30825.30. Stops are cited below major retracement levels linked to the 19568.52 and 15460 levels, including the 25309, 25094, 23954, 23255, 22278, 22025, 21415, 19139, and 18796 areas.
Additional downside price objectives include the 24705, 24440, 23208, and 22769 levels. Following recent price activity, areas of technical resistance and potential selling pressure include the 26088, 26544, 2
We współpracy z: https://cryptodaily.co.uk/2023/06/bitcoin-price-analysis-volatility-below-27000-8-june-2023
