This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Bitcoin (BTC/USD) experienced a surge in upside momentum during the Asian session, remaining resilient around the 36404 area. This is just above the 50% retracement level of its recent appreciating range. Despite a slight pullback, BTC/USD continues to trade near its recent eighteen-month high of 37999. Significant stops were recently triggered above various levels, indicating upside price objectives. Additional upside price objectives are also identified within these appreciating ranges. On the other hand, large stops were elected above the 38.2% retracement level of the depreciating range from the all-time high to a lower level. Major stops were also triggered during the climb to eighteen-month highs, related to historical buying pressure. Technical support and potential buying pressure levels are identified following the recent appreciation. Traders are observing bullish indications from the 50-bar MA (4-hourly) and bearish indications from the 50-bar MA (hourly). Price activity is closest to the 50-bar MA (4-hourly) and the 100-bar MA (hourly). Technical support and resistance levels are also identified, with stops expected below and above these levels. The 4-hourly and 60-minute charts show different indications for SlowK and MACD.