---
title: "Bitcoin Price Analysis: Bears Eyeing Stops Below 26286 – 22 September 2023"
url: https://diffcoin.com/bitcoin-price-analysis-bears-eyeing-stops-below-26286-22-september-2023/
description: "Bitcoin (BTC/USD) encountered additional bearish momentum early in the Asian session as the pair continued to depreciate following major selling pressure…"
published: 2023-09-21
updated: 2023-09-21
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Analysis: Bears Eyeing Stops Below 26286 – 22 September 2023

**Bitcoin (BTC/USD)** encountered additional **bearish momentum** early in the **Asian** session as the pair continued to **depreciate** following major **selling pressure** that began around the **27500** area and **intensified** around the **27393**, **27304**, **27108**, and **26795 levels**. **Stops** were **elected below** many **downside price objectives** related to these **levels** including the **26795**, **26750**, **26726**, **26677**, **26603**, **26586**, **26549**, **26387**, and **26368** areas. Related additional **downside price objectives** include the **26286**, **26204**, **26101**, **26059**, and **25990** areas. A pause to the **selling pressure** emerged around the **26359.70** area, right around the **200-bar**, **4-hour simple moving average**.

**Below** price activity, **Stops** are **cited below** the **24197.68 level**, a **downside price objective** related to **selling pressure** around the **30222** area. Large **Stops** are cited **below** the **26286** and **25668** areas. Additional **price objectives** **below** the market include the **24511**, **24339**, **23164**, **22949**, **21496**, and **20702** areas. Traders are observing that the **50-bar MA (4-hourly)** is **bullishly indicating above** the **100-bar MA (4-hourly)** and **above** the **200-bar MA (4-hourly).** Also, the **50-bar MA (hourly)** is **bullishly** **indicating** **above** the **100-bar MA (hourly)** and **above** the **200-bar MA (hourly)**.

Price activity is nearest the **50-bar MA** (4-hourly) at **26666.21** and the **200-bar MA** (Hourly) at **26858.27**.

**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 **Bearishly below SlowD** while **MACD** is **Bearishly below MACDAverage.**

On **60-minute** chart, **SlowK** is **Bullishly above SlowD** while **MACD** is **Bearishly below 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-bears-eyeing-stops-below-26286-22-september-2023)