BTC/USD Above 36163 Technical Support: Sally Ho’s Technical Analysis 19 June 2021 BTC

Bitcoin (BTC/USD) extended recent weakness early in today’s Asian session as the pair depreciated to the 36213.52 level after trading as high as the 38107.18 level during the European session, with the interday high representing a test of the 38.2% retracement of the appreciating range from 30000 to 42990.  Traders observe that buying pressure supported BTC/USD above the 36163.75 area, representing the 50% retracement of the recent appreciating range from 31004.95 to 41322.55.