BTCUSD Technical Analysis 28.07.2021

BTCUSD Daily Technical Analysis (28.07.2021)


BTCUSD Daily TA


As we can observe on the BTCUSD daily chart, the price of the instrument has moved higher the past week reaching the previous highs at the 40384 price level.

Currently the price is trading at the 39509 price level after an intraday reaction upon reaching the 100 MA (Red), Resistance 1 and the 38.2 Fibonacci retracement level (Fibonacci 1).

We expect the price to move lower retesting the 36390 price level which consists of the 38.2% fibonacci retracement level (Fibonacci 2).

In the case we observe a break above the 40803 price level with a 2 day confirmation of the break, we expect the price to move higher reaching the 44300 price level which consists of the 200 MA (Blue) and the 50% fibonacci retracement level.

How do you rate this article?

2


Bruticy
Bruticy

Certified Financial Technician (CFTe). Will post technical analysis on FX, Indices, Shares, Commodities and of course Crypto.


Cryptocurrency Technical Analysis
Cryptocurrency Technical Analysis

Welcome to the Technical Analysis (TA) on Cryptocurrencies.

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.