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BTC/USD Eyeing 80,000 USD: Bullish Buy-the-Dip Opportunity Amid Geopolitical Friction

BTCUSD pared some of its gains as  US and Iran negotiations failed. It peaked at $73832 on Apr 11th and is currently trading at about $70856.

Technicals

CMP -$70856

Trend

4- Hour chart

Value

 

 

55 EMA

$70715

CMP> 55 EMA

Bullish

200- EMA

$69873

CMP >200- EMA

Bullish

365- EMA

$71504

CMP< 365 EMA

Bearish

 Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $73200. Any break above targets $74500/$76200/$80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Neutral

2.74

ADX

Neutral

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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