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BTC/USD Tests 21419 as Pressure Mounts: Technical Analysis

Posted on 15. February 2023 by admin

• The BTC/USD pair recently tested a price objective of 21419.37, representing selling pressure around the 24262.18 and 23451.01 levels.
• Upside price objectives related to buying pressure include the 25455, 25774, 27609, and 28004 levels.
• Technical support levels and areas of potential buying pressure are around the 21230, 20294, 19861, 19357, and 18822 levels.

Price Activity

Bitcoin (BTC/USD) recently traded as low as the 21454.67 level, representing a test of the 21419.37 price objective that is associated with selling pressure around the 24262.18 and 23451.01 levels. Traders lifted BTC/USD as high as the 22091.88 level before selling pressure resumed again following buying activity around 22832.44 area..

Upside Price Objectives

Upside price objectives related to buying pressure include:

  • 25455
  • 25774
  • 27609
  • 28004

Downside Price Objectives

Downside price objectives related to selling pressure include:

  • 20982.96
  • 2020906
  • 19251.53
  • 17703 .74

Technical Support Levels< / h 2 >

Technical support levels and areas of potential buying pressure are around:

    < li >21230 < li >20294 < li >19861.< l i >19357.< l i >18822.< / u l >

    Stops are cited below 18199 , 18024 , 17537 , and 17343 levels .

    < h 2 >Technical Resistance Levels< / h 2 >

    Technically significant areas include :

    < ul >< li >15900.< / li >< li& gt ;15512.< / li & gt ;< l i & gt ;15313.< / l i & gt ;< l

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