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BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K

BTCUSD holds above the 365-4H EMA after a long consolidation.  It hit an intraday high of $66383 and is currently trading around $66201.

 

Technicals

CMP -$66201

Trend

4- Hour chart

Value

 

 

55 EMA

$64238

CMP>55 EMA

Bullish

200- EMA

$63951

CMP >200- EMA

Bullish

365- EMA

$65648

CMP>365 EMA

Bullish

800-EMA

$70106

CMP>Vaue

Bearish

 Major support- $57700/$52796. The pair is facing strong resistance around $67000. Any break targets $70000/$72200/474950. 

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bullish

167.37

ADX

Bullish

Strength increased from 22.03 to 25.70

It is good to buy on dips around $65548-550with an SL around $62450 for a TP of $74900.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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