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Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?

BTCUSD is consolidating after a minor pullback. It hit an intraday high of $64716 and is currently trading around $64641. Technicals CMP -$64073 Trend 4- Hour chart Value 55 EMA $63764 CMP>55 EMA Bullish 200- EMA $63753 …

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Bitcoin Bulls Hold Key EMAs Above $64,000—Is a Rally Toward $70,000 Next?
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BTCUSD is consolidating after a minor pullback.  It hit an intraday high of $64716 and is currently trading around $64641.

Technicals

CMP -$64073

Trend

4- Hour chart

Value

 

 

55 EMA

$63764

CMP>55 EMA

Bullish

200- EMA

$63753

CMP >200- EMA

Bullish

365- EMA

$63881

CMP>365 EMA

Bullish

800-EMA

$64010

CMP>Value

Bullish

 Major support- $57700/$52796. The pair is facing strong resistance around $64050. Any break targets $67700/$70000/$72200/474950. 

 

Momentum indicator (1-hour chart)

Inference

Value

CCI(50)

Bullish

103

ADX

Bullish

Strength increased from 20.91 to 21.60

It is good to buy on dips at $63800 with an SL around $63000 for a TP of $67700/$70000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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