Bitcoin Price Analysis: Large Stops Below 27991 - 9 August 2023

BTC/USD Large Stops Below 27991: Sally Ho's Technical Analysis – 9 August 2023 Bitcoin (BTC/USD) awaited fresh technical guidance early in the Asian session as the pair remained unable to sustain moves above the 29500 area and continues to battle with areas of technical resistance. The inability to revisit last month's multi-month high around the 31862 area has resulted in bearish momentum and has seen the pair orbit the 28960 area, representing the 23.6% retracement of the appreciating range from 19568.52 to 31862.21.


Sentiment Result : Neutral

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