BTC/USD Eyes More Gains Above 19000: Sally Ho’s Technical Analysis – 14 January 2023
Bitcoin (BTC/USD) retained a strong bid early in the Asian session as the pair orbited the 19000 figure after trading as high as the 19295 level, its strongest print since early November 2022. Stops were elected above the 18636.72 area during the climb, a level that represents an upside price objective related to buying pressure that emerged around the 16326.16 and 17315.08 levels. The move to the 19115 area was a test of the 19182 area that also represents another upside price objective related to buying pressure that strengthened around the 16326.16 and 17315.08 levels. Additionally, the move also represented a test of the 61.8% retracement of the depreciating range from 21478.80 to 15460, and related upside retracement levels include the 20058 and 20190 areas. BTC/USD bulls are eyeing the 20947.28 area as an additional upside price objective associated with these areas where strong b
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