Crypto investment analysis: BTC price standing on 30220

BTC price is expected to move between 30440-29960 next 24 hrs.

Bitcoin (BTC/USD) is waiting for more technical guidance at the beginning of the Asian session as the pair is pushing hard around the 30281.33 area, representing a 23.6% retracement of the 29715.87 close thanks to the 30456 close. The sell has changed around 30148. which represents a test of 23.6% retracement of the decline of the range from 31525.10 to 29715.87.

BTC price movement possibility for next 24 hrs

The selling pressure initially increases recently in the area of ​​31142.38 and this raises the risk of another test of the area of ​​29427, representing the 38.2% retracement of 26165 thanks to the range of .98 to 31443.67. Below this zone, the 28604.83 level represents the 50% retracement of this appreciation level. Other high targets include the areas 31737, 32125, and 33569. Stops are quoted above the price extension around 31674, 32043, 34531, and 34658. Following recent selling pressure, potential technical support areas and buying pressure include the 29427, 28886, 28804, 28182, 28096, and 27306 areas. of the decrease in history from 69000 to 15460. Traders note that the bar 50 MA (4 hours) points above the 100 bar MA (4 hours) and above the 200 bar MA (4 hours). Also, the 50-bar MA (hourly) is bearish below the 100-bar MA (hourly) and below the 200-bar MA (hourly).

Price activity is closest to the 100-bar MA (4 hourly) at 30,465.99 and the 100-bar MA (hourly) at 30,403.73.

 

Technical support is expected near 24440.41/23270.10/22769.39 and a stop is expected below. Technical resistance is expected around 31986.16 / 32989.19 / 34658.69 and the expected stop above