Bitcoin (BTC/USD) remains bid around the psychologically-important 24000 figure in holiday-driven trade that has traders questioning if the set will work to establish brand-new lifetime highs. Traders have recently taken BTC/USD back listed below the 23000 figure but technical quotes have kept the sets downside variety limited. Traders wonder to see how BTC/USD trades through the holiday duration and completes the fiscal year. BTC/USD has just recently traded up more than 18% month-to-date, and traded up more than 221% year-to-date. The sets recently-established lifetime high around the 24770.95 area has traders focusing on some essential retracement levels including the 22195.9421865.9621607.5421144.0020957.1120882.6818889.0518768.5817217.6117059.92, and 15546.17 levels..
If BTC/USD resumes recent upward buying pressure, additional benefit rate objectives include the 24758.0524862.2825171.61, and 25373.10 locations. Other levels that are technically considerable include a range of upside cost objectives above which Stops were elected during the current gratitude, and these include the 23650.1923693.2923779.5824080.75, and 24179.17 levels. Traders are observing that the 50-bar MA (4-hourly) is bullishly suggesting above the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (per hour) is bullishly showing above the 100-bar MA (hourly) and above the 200-bar MA (hourly).
Cost activity is closest the 50-bar MA ( 4-hourly) at 22965.53 and the 100-bar MA ( Hourly) at 23336.10.
Technical Support is expected around 21971.13/ 21409.71/ 20678.47 with Stops anticipated below.
Technical Resistance is anticipated around 24758.05/ 24862.28/ 25171.61 with Stops expected above..
On 4-Hourly chart, SlowK is Bullishly above SlowD while MACD is Bearishly listed below MACDAverage.
On 60-minute chart, SlowK is Bearishly listed below SlowD while MACD is Bullishly above MACDAverage.Title: Focus Back on BTC/USDs Upside Post-Holidays: Sally Hos Technical Analysis 26 December 2020 BTCSourced From: cryptodaily.co.uk/ 2020/12/focus-back-on- btc-usd-upside-post-holidays-sally-ho-technical-analysis-26-december-2020-btc-bitcoinPublished Date: Sat, 26 Dec 2020 18:04:59 +0000.
John Diaz– Stocks Market
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