---
title: "Bitcoin Price Analysis: Better After 29525 Print"
url: https://diffcoin.com/bitcoin-price-analysis-better-after-29525-print/
description: "BTC/USD Reclaiming Losses After 29525 Print: Sally Ho’s Technical Analysis – 20 July 2023 Bitcoin (BTC/USD) worked to reclaim recent losses early in the…"
published: 2023-07-19
updated: 2023-07-19
author: "Mila"
site: "Diffcoin"
---

# Bitcoin Price Analysis: Better After 29525 Print

**BTC/USD Reclaiming Losses After 29525 Print: Sally Ho’s Technical Analysis – 20 July 2023**

Bitcoin (BTC/USD) worked to **reclaim** recent **losses** early in the **Asian** session as the pair hovered around the **30000 figure** after trading as **high** as the **30196.24** area. Significant **Stops** were **elected below** the **29592.63** area during the pair’s recent **depreciation**, a **downside price objective** that is related to recent **selling pressure** that strengthened around the **31862.21** and **31376.52** areas. After **BTC/USD** escalated **appreciated** to **interday highs** and **came off**, **Stops** were **elected below** the **29860.62** area, representing the **50% retracement** of the recent **appreciating range** from **29525** to **30196.24**. Following recent trading activity, areas of **technical support** and potential **buying pressure** include the **29108**, **28275**, **27443**, **26413**, and **26257 levels**.

**Below** current price activity, the **28095.44** area represents the **23.6% retracement** of the **historical depreciating range** from **69000** to **15460**. **Upside price objectives** include the **32125** and **33569** areas, and **Stops** are cited **above** additional **upside price objectives** around the **32043**, **34531**, **34658**, and **35912** areas. 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 **100-bar MA (hourly)** and **below** the **200-bar MA (hourly)**.

Price activity is nearest the **50-bar MA** (4-hourly) at **30420.27** and the **50-bar MA** (Hourly) at **30001.33**.

**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 **Bullishly above MACDAverage.**

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

*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://www.cryptodaily.co.uk/2023/07/bitcoin-price-analysis-better-after-29525-print-20-july-2023)