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Bitcoin’s Islamabad Watch: BTCUSD Consolidates Near 71,421 USD as Geopolitical Peace Talks Loom

 

 

BTCUSD is trading flat since the markets are watching for further developments in the ceasefire negotiations between the United States and Iran in Islamabad. It peaked at $72875 yesterday and is currently trading at about $71421.

 

Technicals

CMP -$71421

Trend

4- Hour chart

Value

 

 

55 EMA

$68952

CMP> 55 EMA

Bullish

200- EMA

$69274

CMP >200- EMA

Bullish

365- EMA

$71432

CMP< 365 EMA

Bearish

 Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $73000. Any break above targets $74500/$76200/$80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

123

ADX

Bullish

Strength increased from 38 to 39.63

It is good to buy on dips around $70000 with SL around $67000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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