---
title: "Bitcoin Price Analysis: 25344 Technicals Tested – 3 September 2023"
url: https://diffcoin.com/bitcoin-price-analysis-25344-technicals-tested-3-september-2023/
description: "Bitcoin Price Analysis: 25344 Technical Target Tested – 3 September 2023 Bitcoin (BTC/USD) remained weak early in the Asian session as the pair continued…"
published: 2023-09-03
updated: 2023-09-03
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Analysis: 25344 Technicals Tested – 3 September 2023

**Bitcoin Price Analysis: 25344 Technical Target Tested – 3 September 2023**

Bitcoin (BTC/USD) remained **weak** early in the **Asian** session as the pair continued to encounter **technical** **headwinds** **below** the **26014.63** area, a **downside price objective** related to recent **selling pressure** around the **27576.99** area. **Stops** were **elected below** the **25462.40** and **25344.24 levels** during the ongoing **depreciation**, **downside price objectives** related to recent **downward** activity around the **28184** and **27576** areas. **Bears** anticipate another **test** of and possible **sustained break below** the **25128.94** area, a **downside price objective** linked to **downward pressure** around the **30421.29** **level**. **Stops** are **cited below** the **24197.68 level**, a **downside price objective** related to **selling pressure** around the **30222** area. Additional **price objectives** **below** the market include the **24511**, **24339**, **23164**, **22949**, **21496**, and **20702** areas.

**Technical support** and potential **buying pressure** in **appreciating ranges** from the **15460** and **19568.52 levels** include the **23661**, **22793**, and **21725 levels**. The recent fresh **multi-month low** around the **25234.76** area represented a **test** of a major **downside price objective** around the **25128.94** area that is associated with **selling pressure** that **increased** around the **31862.21** and **30421.29 levels** in July. Traders are observing that the **50-bar MA (4-hourly)** is **bearishly indicating below** the **100-bar MA (4-hourly)** and **below** the **200-bar MA (4-hourly).** Also, the **50-bar MA (hourly)** is **bearishly** **indicating** **below** the **100-bar MA (hourly)** and **below** the **200-bar MA (hourly)**.

Price activity is nearest the **50-bar MA** (4-hourly) at **26341.51** and the **50-bar MA** (Hourly) at **25969.03**.

**Technical Support** is expected around **24440.41/ 23270.10/ 22769.39** with **Stops** expected below.

**Technical Resistance** is expected around **31986.16/ 32989.19/ 34658.69** with **Stops** expected above.

On **4-Hourly** chart, **SlowK** is **Bullishly above SlowD** while **MACD** is **Bearishly below MACDAverage.**

On **60-minute** chart, **SlowK** is **Bullishly above SlowD** while **MACD** is **Bullishly above MACDAverage**.

Sally Ho’s Technical Analysis 
View Yesterday’s Trading Analysis

*Disclaimer: Sally Ho’s Technical Analysis is provided by a third party, and for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.*

[Source link](https://cryptodaily.co.uk/2023/09/bitcoin-price-analysis-25344-technicals-tested-3-september-2023)