{"id":107676,"date":"2021-01-07T15:39:08","date_gmt":"2021-01-07T15:39:08","guid":{"rendered":"https:\/\/precoinnews.com\/?p=107676"},"modified":"2021-01-07T15:39:08","modified_gmt":"2021-01-07T15:39:08","slug":"btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc\/","title":{"rendered":"BTC\/USD Eyeing 40000 After More Gains: Sally Ho’s Technical Analysis 7 January 2021 BTC"},"content":{"rendered":"

Bitcoin (BTC\/USD)<\/strong> established another all-time high <\/strong>early in today’s North American<\/strong> session as the pair appreciated<\/strong> to the 38500.00<\/strong> area after trading as low<\/strong> as the 36352.98<\/strong> area during the European<\/strong> session, with the intraday high<\/strong> representing a test<\/strong> of an upside price objective<\/strong> around the 38523.54 level<\/strong>.  Stops <\/strong>were elected above<\/strong> the 35943.73<\/strong>, 36480.83<\/strong>, and 36854.45 levels<\/strong> during the ascent<\/strong>, upside price objectives<\/strong> related to previous buying pressure<\/strong> around the 17580<\/strong>, 16200<\/strong>, and 9819.83 levels<\/strong>.  A recent relative all-time high<\/strong> represented a test<\/strong> of the 35943.73 level<\/strong>, an upside price objective<\/strong> related to buying pressure<\/strong> that also recently emerged around the 17580 <\/strong>area.  Stops<\/strong> were recently elected above<\/strong> some upside price objectives<\/strong> today including 34446.27<\/strong>, 34603.65<\/strong>, and 34697.35<\/strong>, levels that are technically significant<\/strong> due to previous buying activity<\/strong> that also originated around the 17580<\/strong>, 21913.84<\/strong>, and 16200<\/strong> area.  Additional upside price objectives<\/strong> include the 39033.37<\/strong>, 39247.05<\/strong>, 39656.27<\/strong>, 40411.19<\/strong>, 41200<\/strong>, 41267.10<\/strong>, 41489.74<\/strong>, 42701.91 levels<\/strong>. <\/p>\n

Stops <\/strong>were elected below<\/strong> many retracement<\/strong> areas during the recent pullback lower<\/strong>, including the 32667.16<\/strong>, 31766.51<\/strong>, 31357.69<\/strong>, 30743.72<\/strong>, 30418.04<\/strong>, 30218.69<\/strong>, 29395.73<\/strong>, and 28258.75 levels<\/strong>.  Following the pair’s recent moves to successive all-time highs<\/strong>, downside retracement levels<\/strong> and areas of potential technical support<\/strong> include the 35496.32<\/strong>, 34585.67<\/strong>, 33638.11<\/strong>, 33121.14<\/strong>, 32791.16<\/strong>, and 32164.09 levels<\/strong>.  BTC\/USD<\/strong> traded up<\/strong> more than 44% <\/strong>in January<\/strong>, and closed<\/strong> 2020<\/strong> with a gain<\/strong> of approximately 292%<\/strong>.  Traders are observing<\/strong> that the 50-bar MA (4-hourly)<\/strong> is bullishly indicating above<\/strong> the 100-bar MA (4-hourly)<\/strong> and above <\/strong>the 200-bar MA (4-hourly).<\/strong>   Also, the 50-bar MA (hourly)<\/strong> is bullishly <\/strong>indicating above <\/strong>the 100-bar MA (hourly)<\/strong> and above <\/strong>the 200-bar MA (hourly)<\/strong>.<\/p>\n

Price activity is nearest the 50-bar MA<\/strong> (4-hourly) at 32009.69 <\/strong>and the 50-bar MA<\/strong> (Hourly) at 35225.62<\/strong>.<\/p>\n

Technical Support <\/strong>is expected around 33638.11\/ 33121.14\/ 32164.09 <\/strong>with Stops<\/strong> expected below.<\/p>\n

Technical Resistance<\/strong> is expected around 39033.37\/ 39247.05\/ 40411.19 <\/strong>with Stops<\/strong> expected above.  <\/p>\n

On 4-Hourly<\/strong> chart, SlowK <\/strong>is Bullishly above SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage.<\/strong><\/p>\n

On 60-minute<\/strong> chart, SlowK<\/strong> is Bullishly above SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage<\/strong>.                                                                                                                                                   <\/p>\n

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Bitcoin (BTC\/USD) established another all-time high early<\/p>\n","protected":false},"author":3,"featured_media":107675,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"yoast_head":"\nBTC\/USD Eyeing 40000 After More Gains: Sally Ho's Technical Analysis 7 January 2021 BTC - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/crypto\/btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BTC\/USD Eyeing 40000 After More Gains: Sally Ho's Technical Analysis 7 January 2021 BTC - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Bitcoin (BTC\/USD) established another all-time high early\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/crypto\/btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2021-01-07T15:39:08+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2021\/01\/ccryptafotosally-hos-technical-analysis-btcusd-7-january-2021-btc.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/crypto\/btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc\/\",\"url\":\"https:\/\/precoinnews.com\/crypto\/btc-usd-eyeing-40000-after-more-gains-sally-hos-technical-analysis-7-january-2021-btc\/\",\"name\":\"BTC\/USD Eyeing 40000 After More Gains: Sally Ho's Technical Analysis 7 January 2021 BTC - 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