Bitcoin (BTC) Price Analysis

Bitcoin maintained a positive outlook today, hovering around $33,819. But, it hit a roadblock at $34,700, testing the 61.8% retracement from its recent drop.

Recent highs near $35,157 were aiming for the $35,035 target related to earlier gains at $29,328 and $32,525.

More targets await at $35,718, $36,541, and beyond.

Support levels are around $32,993, $31,652, and $30,028, with stop orders below. Resistance is seen at $36,541, $37,239, and $38,584, with stop orders above.

Technical indicators show the 50-bar MA (4-hourly) riding above the 100-bar and 200-bar MAs, signaling bullish strength. However, on the hourly chart, the 50-bar MA is under the 100-bar MA but above the 200-bar MA.

On the 4-hourly chart, slowk is bullish over SlowD, while MACD is bearish. On the hourly chart, slowk is bearish against SlowD, but MACD is bullish.

Keep in mind that this analysis is for informational purposes only and doesn't constitute financial advice.

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