![]() ![]() It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. On 60-minute chart, SlowK is Bearishly below SlowD while MACD is Bullishly above MACDAverage.ĭisclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly below MACDAverage. Also, the 50-bar MA (hourly) is bullishly indicating above the 100-bar MA (hourly) and above the 200-bar MA (hourly). 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). ![]() The cryptocurrency system is a peer-to-peer open-source software, meaning computers are part of a mining process for coins. Following the ongoing appreciation, retracement levels and areas of potential technical support include the 25948, 25756, 25358, 24253, 24099, 23789, 23147, 22605, and 22198 levels. WHAT IS BITCOIN Bitcoin is a digital currency, which allows transactions to be made without the interference of a central authority. Stops were elected above the 28578.63 level during the ascent, a recent multi-month high.įollowing the recent appreciation, upside price objectives include the 29244.66, 29639.37, 30127.80, 30275.12, 30763.09, and 31477.37 levels. Prior to this consolidation, BTC/USD was driven higher to establish a fresh multi-month high around the 28937.93 area, its strongest print since June 2022. The pullback also represented a test of the 23.6% retracement of the recent appreciating range from 19568.52 to 28937.73. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.įusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.BTC/USD Volatility Awakens: Sally Ho’s Technical Analysis – 24 March 2023īitcoin (BTC/USD) experienced increased volatility early in the Asian session as the pair remained above the 26612.64 area after being driven lower to test that level, representing an upside price objective associated with buying pressure around the 1543.33 levels. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. ![]() Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. ![]() Trading on margin increases the financial risks.īefore deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.įusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. ![]()
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