BTC/USD Remains Bid Above 60000: Sally Ho’s Technical Analysis 23 October 2021 BTC

BTC/USD Remains Bid Above 60000:  Sally Ho's Technical Analysis 23 October 2021 BTC

Bitcoin (BTC/USD) remained to trade near all-time highs early in the Asian session as both orbits the psychologically-important 65000 number following its current action greater to the 66999 degree, standing for a examination of an upside cost unbiased around the 67146.16 location.  A succeeding selloff to a relevant cost purpose around the 64013 location offered some technical assistance, with the selloff likewise turning around around the 38.2% retracement of the current valuing variety from 58943.03 to 66999  Stops were just recently chosen above crucial upside cost purposes throughout the action greater, consisting of the 65719.69 as well as 66380.94 degrees, cost locations associated with purchasing stress that arised around the 53873 as well as 66380 degrees (*23 *)

As investors remain to gather long settings, there is restored concentrate on upside retracement degrees as well as locations of prospective technical resistance consisting of the 67146, 68515, 69449, 71974, as well as 73245 locations.   Following both’& rsquo; s current gains , drawback retracement degrees as well as locations of prospective technical assistance consist of the 63784, 61796, 60189, 58581, 56593, 57627, as well as 56293 degrees  Traders are observing that the  50-bar MA (4-hourly) is  bullishly showing above the 100-bar MA (4-hourly) as well as  above  the  200-bar MA (4-hourly).   Also, the 50-bar MA (per hour) is bullishly showing above the 100-bar MA (per hour) as well as above the 200-bar MA (per hour)(*23 *)

Price task is local the  50-bar MA ( 4-hourly) at 61313.86 as well as the  50-bar MA (Hourly) at 64696.80(*23 *)

Technical Support  is anticipated about  53997.15/ 51245.86/ 49022.22  with Stops anticipated below.(*23 *)

Technical Resistance is anticipated about  67146.16/ 68515.32/ 69449.40 with Stops anticipated above.  (*23 *)

On  4-Hourly graph,  SlowK  is Bearishly listed below SlowD while  MACD is Bearishly listed below MACDAverage.(*23 *)

On  60-minute graph,  SlowK is Bearishly listed below SlowD while  MACD is Bearishly listed below MACDAverage                                                                                                                                               (*23 *)

Read the article:  Is it that the bankers still don’t get Bitcoin?

 (*23 *)

Disclaimer: This trading analysis is offered by a 3rd party, as well as for informative functions just. It does not show the sights of, neither is it meant to be utilized as lawful, tax obligation, financial investment, or economic recommendations.(*23 *).

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John Lesley/ author of the article

John Lesley is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

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