BTCUSD holds above $80000 as market sentiment improves. It reached an intraday high of $ 81,080 and is currently trading at roughly $ 80,922.
|
Technicals |
CMP -$80922 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$78024 |
CMP>55 EMA |
Bullish |
|
200- EMA |
$75240 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$74368 |
CMP>365 EMA |
Bullish |
Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $81000. Any break above targets $85890/$90000.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bullish |
168.76 |
|
ADX |
Bullish |
Strength increased from 29.30 from 32.95 |
It is good to buy on dips around $7 with SL around $71980 for a TP of $84490.
