Bitcoin Price Analysis: More Advances from 29900 - 28 June 2023

Crypto Daily
Crypto Daily

27 Jun 2023 6:00 PM

Bitcoin (BTC/USD) sought to add to recent gains early in the Asian session as the pair reached the 30782.06 area before consolidating some advances, the latest renewal of...

  • BTC/USD is advancing from the 30342 technical level.
  • The pair reached the 30782.06 area before consolidating.
  • Bulls are targeting the 30994.30 area as an upside hurdle.
  • Buying pressure intensified above the 30198.14 and 29863.96 areas.
  • Recent print around 31443.67 was a twelve-month high.
  • Stops were triggered above various upside price objectives.
  • Additional upside price objectives include the 31737, 32125, and 33569 areas.
  • Technical support and potential buying pressure can be found at various levels.
  • The 50-bar MA (4-hourly) is indicating bullishness.
  • The 50-bar MA (hourly) is also indicating bullishness.
  • Technical support is expected around 24440.41/23270.10/22769.39.
  • Technical resistance is expected around 31986.16/32989.19/34658.69.
  • On the 4-hourly chart, SlowK is bullish and MACD is bearish.
  • On the 60-minute chart, SlowK is bearish and MACD is bullish.

The sentiment of the article is mostly positive, as it highlights BTC/USD's advances, buying pressure, and bullish indicators. However, there is also mention of potential resistance levels and bearish signals from the MACD indicator.

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You May Ask

What is the current technical level of BTC/USD?What are the upside price objectives for BTC/USD?Where can technical support and potential buying pressure be found?What are the indicators showing bullishness and bearishness in the charts?What are the potential resistance levels for BTC/USD?

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