BTC /USD bulls remain focused on upside retracement levels and areas of potential technical resistance including the 67146, 68515, 69449, 71974, and 73245 areas. Following the pair’s recent gains, downside retracement levels and areas of potential technical support include the 63784, 61796, 60189, 58581, 56593, 57627, and 56293 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly indicating above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly).
Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27.
Technical Support is expected around 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below.
Technical Resistance is expected around 59500/ 63000/ 65000/ 67146.16/ 68515.32/ 69449. 40 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
Price activity is nearest the 50-bar MA (4-hourly) at 62569.78 and the 200-bar MA (Hourly) at 62564.27.
Technical Support is expected around 58000/ 56800/ 55500/ 53997.15/ 51245.86/ 49022.22 with Stops expected below.
Technical Resistance is expected around 59500/ 63000/ 65000/ 67146.16/ 68515.32/ 69449. 40 with Stops expected above.
On 4-Hourly chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.
On 60-minute chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage.
