BTC/USD Stops Seen Below 18390.99 as Price Caps Below 22401

• Bitcoin (BTC/USD) recently peaked around the 22331.76 area and is facing selling pressure below the 22401.70 area.
• Buying pressure recently emerged around the 21366.45 level, with upside price objectives related to buying pressure around 16326.16 and 15460 respectively.
• Technical support levels and areas of potential buying pressure are observed around 21230, 20294, 19861, 19357 and 18822 levels.

Recent Price Activity

Bitcoin (BTC/USD) recently peaked around the 22331.76 area and is facing selling pressure below the 22401.70 area. Buying pressure recently emerged around the 21366.45 level, with upside price objectives related to buying pressure around 16326.16 and 15460 respectively following selling pressure that strengthened around 22832.44 area, downside price objectives include 20982.96, 20209.06, 19251.53, and 17703.74 areas .

Technical Analysis

Traders are observing that the 50-bar MA (4-hourly) is bearishly indicating below the 100-bar MA (4-hourly) and above the 200-bar MA (4-hourly). Also, the 50-bar MA (hourly) is bearishly indicating below the 200-bar MA (hourly) and above the 100-bar MA (hourly). Price activity is nearest to 50 bar MA (4 hourly) at 22267 11 & 200 bar MA( hourly ) at 22283 43 .

Technical Support Levels

Technical support levels and areas of potential buying pressure are observed around 21230 ,20294 , 19861 ,19357 & 18822 levels while Stops are cited below 18199 ,18024 , 17537 & 17343 levels .

Upside Price Objectives

Upside price objectives related to buying pressure include 25455 ,25774 ,27609 & 28004 levels while Upside price objectives related to buying pressure include 26612 ,26931 ,29244 & 29639 levels .

Moving Averages

On 4 Hourly chart SlowK is Bullishly above SlowD while MACD is Bullishly above MACDAverage . On 60 minute chart SlowK is Bearishly below SlowD while MACD is Bearishly below MACDAverage .