{"id":110086,"date":"2021-01-25T16:29:43","date_gmt":"2021-01-25T16:29:43","guid":{"rendered":"https:\/\/precoinnews.com\/?p=110086"},"modified":"2021-01-25T16:29:43","modified_gmt":"2021-01-25T16:29:43","slug":"btc-usd-again-approaching-35000-sally-hos-technical-analysis-25-january-2021-btc","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/crypto\/btc-usd-again-approaching-35000-sally-hos-technical-analysis-25-january-2021-btc\/","title":{"rendered":"BTC\/USD Again Approaching 35000: Sally Ho’s Technical Analysis 25 January 2021 BTC"},"content":{"rendered":"
Bitcoin (BTC\/USD)<\/strong> extended recent gains <\/strong>early in today’s North American<\/strong> session as the pair strengthened <\/strong>to the 34888<\/strong> area after trading as low<\/strong> as the 31605.31 <\/strong>area during the Asian<\/strong> session, a level <\/strong>reached after the pair traded as low<\/strong> as the 30931.21 level<\/strong> this weekend. That recent low<\/strong> was established after Stops<\/strong> were elected below<\/strong> the 31299.50<\/strong> area, representing the 50% retracement<\/strong> of the recent appreciating range<\/strong> from 28732<\/strong> to 33867<\/strong>. Chartists are noting that BTC\/USD<\/strong> encountered some technical resistance<\/strong> around the 34810<\/strong> area during the North American<\/strong> session, a previous relative high<\/strong> from early January. Chartists also note that BTC\/USD’s intraday low<\/strong> around the 30931.21 level<\/strong> was a test<\/strong> of the 30885.50<\/strong> area, representing the 23.6% retracement<\/strong> of the depreciating range<\/strong> from 37857<\/strong> to 28732<\/strong>. Traders also note that Stops<\/strong> were recently elected above<\/strong> the 35943.73<\/strong>, 36480.83<\/strong>, and 36854.45 <\/strong>areas as well, upside price objectives<\/strong> related to previous buying pressure<\/strong> around the 17580<\/strong>, 16200<\/strong>, and 9819.83 levels<\/strong> and the sell-off intensified below<\/strong> these areas during the recent depreciation<\/strong>. During the recent move higher, Stops<\/strong> were recently elected above<\/strong> a series of additional upside price objectives<\/strong>, including the 40517.80<\/strong>, 40667.76<\/strong>, 40991.44<\/strong>, 41200<\/strong>, 41267.10<\/strong>, and 41489.74 levels<\/strong>. If BTC\/USD<\/strong> is able to extend <\/strong>recent gains to the upside<\/strong>, additional upside price objectives<\/strong> include the 42309.01<\/strong>, 42701.91<\/strong>, 42803.53<\/strong>, 43447.48<\/strong>, and 43617.07 levels<\/strong>. <\/p>\n As expected, significant Stops<\/strong> were recently elected below<\/strong> the 33850.03 level<\/strong>, an area around the 38.2% retracement<\/strong> of the appreciating range<\/strong> from 27678<\/strong> to 37823<\/strong> and the 61.8% retracement<\/strong> of the appreciating range<\/strong> from 30100<\/strong> to 40127.66<\/strong>. Large Stops<\/strong> were also recently triggered below<\/strong> the 32779.10 level<\/strong>, a downside retracement level<\/strong> related to the broader depreciating range<\/strong> from 41452.12<\/strong> to 30100<\/strong>. Following this depreciation<\/strong>, additional areas of potential technical support<\/strong> include the 28148.19<\/strong> and 27421.33 levels<\/strong>. Traders are observing<\/strong> that the 50-bar MA (4-hourly)<\/strong> is bearishly indicating below<\/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 bearishly <\/strong>indicating below <\/strong>the 200-bar MA (hourly)<\/strong> and above <\/strong>the 100-bar MA (hourly)<\/strong>.<\/p>\n Price activity is nearest the 50-bar MA<\/strong> (4-hourly) at 33987.66 <\/strong>and the 200-bar MA<\/strong> (Hourly) at 34002.13<\/strong>.<\/p>\n Technical Support <\/strong>is expected around 29783.19\/ 29093.19\/ 28847.31 <\/strong>with Stops<\/strong> expected below.<\/p>\n Technical Resistance<\/strong> is expected around 42309.01\/ 42701.91\/ 42803.53 <\/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 Bearishly below SlowD<\/strong> while MACD<\/strong> is Bullishly above MACDAverage<\/strong>. <\/p>\n <\/p>\n Disclaimer: This trading analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.<\/p>\n You can share this post!<\/p>\n