BTC/USD to Test 30000 or 40000 First?: Sally Ho’s Technical Analysis 14 June 2021 BTC

Bitcoin (BTC/USD) remained pressured early in today’s Asian session as the pair continued to trade below the psychologically-important 40000 figure following its recent depreciation from the 40440.95 level.  Stops were recently elected below the 35501.71 and 33823.58 levels during the sharp descent to multi-day lows, representing the 38.2% and 23.6% retracements of the depreciating range from 42605 to 31111.