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Bitcoin Rises on Diplomatic Hopes: Bulls Eye $85,000 Ahead of Ceasefire Talks

Ahead of US-Iran ceasefire negotiations, BTCUSD trades higher for the second day in a row. It reached an intraday high of $76926 and is currently trading at roughly $76504.

Technicals

CMP -$76504

Trend

4- Hour chart

Value

 

 

55 EMA

$74576

CMP> 55 EMA

Bullish

200- EMA

$71896

CMP >200- EMA

Bullish

365- EMA

$72350

CMP< 365 EMA

Bullish

 Major support- $73290/$70000/$67000/$64000/$60000/$52500/$50000. Minor bullishness only above $78500. Any break above targets $80000/$85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

72.35

ADX

Neutral

 

It is good to buy on dips around $74000 with SL around $70000 for a TP of $85880.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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