Bitcoin (BTC/USD) remained pressured early in the Asian session as the pair traded reached the 27776.67 area before giving up some progress, a move that represented a test of the 23.6% retracement of the recent depreciating range from 29526.98 to 27133.
Additional retracement levels in this depreciating range include the 28047, 28329, 28612, 28962, and 29014 levels.
Traders recently pushed BTC/USD as low as the 27133 area, a move that represented a test of the 27119.69 level that became technically significant when selling pressure strengthened around the 30012.14 area.
Downside price objectives related to recent depreciating ranges and levels include the 27119, 26533, 26085, 25604, and 24103 levels.
Additional retracement levels in this depreciating range include the 28047, 28329, 28612, 28962, and 29014 levels.
Traders recently pushed BTC/USD as low as the 27133 area, a move that represented a test of the 27119.69 level that became technically significant when selling pressure strengthened around the 30012.14 area.
Downside price objectives related to recent depreciating ranges and levels include the 27119, 26533, 26085, 25604, and 24103 levels.
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~6 analyses per day. With a clear entry point
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SM World and Economy News 24/7
Urgent News ⚡️:
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