Bitcoin Price Analysis: Moderating After 27460 High Print – 20 September 2023

Crypto Daily
Crypto Daily

19 Sep 2023 4:00 PM

Bitcoin (BTC/USD) maintained some positive upward momentum early in the Asian session as the pair moderated after trading as high as the 27460.95 area, its strongest print since late August....

  • Bitcoin (BTC/USD) showed positive upward momentum in the Asian session, reaching its highest level since late August.
  • Stops were triggered above certain price levels, indicating buying pressure and potential price objectives.
  • Technical support and potential buying pressure levels are identified.
  • Price objectives below the market are also mentioned.
  • The 50-bar MA (4-hourly) is bearishly indicating, while the 50-bar MA (hourly) is bullishly indicating.
  • Price activity is closest to the 200-bar MA (4-hourly) and the 50-bar MA (hourly).
  • Technical support and resistance levels are provided.
  • On the 4-hourly chart, SlowK is bullishly above SlowD, and MACD is bullishly above MACDAverage.
  • On the 60-minute chart, SlowK is bearishly below SlowD, while MACD is bullishly above MACDAverage.

The article provides a positive outlook for Bitcoin, highlighting its upward momentum and potential buying pressure. However, it also mentions technical resistance levels and bearish indicators on the 60-minute chart.

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You May Ask

What were the highest and lowest price levels mentioned in the article?What are the technical support levels for Bitcoin?Which moving averages indicate a bullish trend?What is the sentiment analysis of the article?

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