BTC / USD rebound test 38000: Sally Ho technical analysis 25 May 2021 BTC

Bitcoin (BTC / USD) extended its return to the start of today's Asian session, the pair's value surged to 38072.53 after trading as low as 34806.15 for the European session, and around a 23.6% retracement of the midday low. In the range of 31111 to 35989. Traders previously raised BTC / USD to the 38802.50 area during the northern session. The US is in line with a 50% retracement of the recent 35000 to 42605 bullish range. The stops are selected above the area 38236.16, which is a 23.6% recovery of the 64899 depreciation range. At 30,000. Recently, stops were selected against a number of key bearish price targets, including levels associated with the developing selling pressure from the 64899 zone, including the 40418.15 and 32856 zones. In the last accident at 30.000, additional stops were selected under the 31112.6 6 zone. It is a 78.6% retracement of the rating range of 21.913.84 – 64899. Recent acute decline including areas 51375, 51245, 50527, 48478, 47698, 47136, 41581, 40303 and 39604. Increased retracement levels and potential technical resistance areas are 44796.10, 48287.98, 52608.44 and 53259.47. The recent highest level of 64899 represented a test of the 64835.59 zone; this is a technically important upward price target based on the buying pressure that arises around the 16200 area. Possible technical support areas include levels 29156, 28747.28, 28387, 27706.27, 27317.26, 27175.66, 26621.59, and 26249. Traders note that 50 bar (4 hours) MA points down to 200 bar (4 hours) MA and less MA. 100 bar (4 hours). It also indicates that the 50 bar MA (hourly) is downstream below 100 bar MA (per hour) and 200 bar MA (per hour). The price activity is closest to the 50 bar (4 hours) MA at 40149.70 and the 100 bar MA (per hour) at 37544.79. Technical support

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