Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

BTC Cracks Below $65K: Sell the Rip as Iran Tensions and ETF Bleeding Fuel Bears

BTCUSD trades under $65,000 on meager ETF outflows and rising US-Iran geopolitical tension. It has decreased to $61310 and is now trading around $62641.

 

Technicals

CMP -$62683

Trend

4- Hour chart

Value

 

 

55 EMA

$71183

CMP<55 EMA

Bearish

200- EMA

$74966

CMP <200- EMA

Bearish

365- EMA

$75249

CMP<365 EMA

Bearish

 Major support- $59000/$52796. Minor bullishness only above $70000. Any break above targets $72200/$74950/$78000/$80000/$82000/$85890/$90000.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-347

ADX

Bearish

Strength increased from 19.45 to 33.69

It is good to sell on rallies around $66000, with an SL around $70000, for a TP of $59500/$52750.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

  • Market Data
Close

Welcome to EconoTimes

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