Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

Bitcoin Consolidation Phase: BTCUSD Holds Support at USD 74,202 as Bulls Target USD 80,000

BTCUSD  pared some of its gains due to profit booking. Currently trading at about $72735, it has a high of $76022.

Technicals

CMP -$74201

Trend

4- Hour chart

Value

 

 

55 EMA

$71763

CMP > 55 EMA

Bullish

200- EMA

$71068

CMP >200- EMA

Bullish

365- EMA

$74372

CMP < 365 EMA

Bearish

 Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $76200. Any break above targets $80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

110.98

ADX

Neutral

 

It is good to buy on dips around $73800 with SL around $72000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.