BTC/USD Lower After New Lifetime High at 64899: Sally Ho’s Technical Analysis 15 April 2021 BTC

Bitcoin (BTC/USD) came off early in today’s Asian session as the pair depreciated to the 61277.91 level after trading as high as the 64899 level during the European session, with the interday high representing a fresh lifetime high. The new lifetime high represented a test of the 64835.59 area, an upside price objective that is technically significant based on buying pressure that emerged around the 16200 area. Stops were elected above the 63788.16 level and 64436.39 level during the ascent, upside price objectives related to the 27678 area. Significant Stops were also recently elected above multiple upside price objectives during the sharp climb including the 61065.64, 61463.38, 61732.54, and 62026.52 areas, levels related to buying pressure that originated around the 9819.83, 17580, and 16200 areas.