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BTC Sheds Safe-Haven Shine as Israel-Iran Tensions Ease – Dip Buyers Alert at $67K

 

 

BTCUSD pared most of its gains as the escalation of tension between Israel and Iran decreased demand for safe-haven assets.  It hits an intraday low of $66147 and is currently trading around $67569.

 

Technicals

CMP -$67300

Trend

1- Hour chart

Value

 

 

55 EMA

$67285

CMP > 55 EMA

Bullish

200- EMA

$66852

CMP >200- EMA

Bullish

365- EMA

$67457

CMP < 365 EMA

Bearish

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-28.89

ADX

Neutral

 

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

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