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BTC/USD at 8000 This Week? Sally Ho's Technical Analysis 27 April 2020 BTC

See the latest news of Bitcoin (BTC/USD) continued to test recent gains early in todayu2019s Asian session as the pair sought to establish new recent highs above the 7600 level after trading as high as the 7715.00 level during yesterdayu2019s North American session. <br>Read more: https://bit.ly/2SI4nC9

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BTC/USD at 8000 This Week? Sally Ho's Technical Analysis 27 April 2020 BTC

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  1. Bitcoin (BTC/USD) continued to test recent gains early in today’s Asian session as the pair sought to establish new recent highs above the 7600 level after trading as high as the 7715.00 level during yesterday’s North American session.

  2. Traders had Saturday’s daily high of 7720.00 in view that was reached after Stops were elected ab ove the 7627.93 and 7684. 14 levels, representing the 61.8%and 76.4% retracements of the recent depreciation from 77 75.00 to 7390.00.

  3. Traders are looking to see if the pair can establish technical support around the 7684.14 level, and are again eyeing the 8000 figure as a psychologically- important upside price objective.

  4. Above current price activity, upside price objectives include the 8032, 8162, 8258, and 8405 levels, areas related to downside selling pressure that emerged around February and March.

  5. If short-term weakness develops, traders will carefully monitor price behaviour around related areas of potential technical support, including the 7315.29 and 7206.69 sevels.

  6. Significant Stops were elected above the 7497.49, 7584, and 7661 levels during the move higher last week, and traders will be curious to see how price activity reacts around these areas.

  7. https://uzidata.com/

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