• Bitcoin (BTC/USD) maintained strong upward momentum early in the Asian session as it explored bids above the 24000 figure.
• Technical support levels and areas of potential buying pressure are around the 23833, 23552, 23171, 23134, 22878, 22717, 22674, 22101, 21439, and 21295 areas.
• Stops are cited below the 21047, 20874, 20724, and 20370 levels with upside price objectives related to buying pressure around the 16326.16 area include the 25455, 25774, 27609 and 28004 levels.
Bitcoin Price Momentum
Bitcoin (BTC/USD) maintained strong upward momentum early in the Asian session as it explored bids above the 24000 figure following its acute ascent to a fresh multi-month high around the 24903 level. Stops were elected above a series of upside price objectives during the massive rally.
Technical Support Levels
Technical support levels and areas of potential buying pressure are identified around the 23833, 23552, 23171