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