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Bitcoin Cools Down: BTCUSD Pulls Back as Risk Appetite Wanes

Demand for riskier assets falls, and BTCUSD trades somewhat weak. It reached an intraday high of $77437 and is currently trading at roughly $77124.

 

Technicals

CMP -$76374

Trend

4- Hour chart

Value

 

 

55 EMA

$76721

CMP< 55 EMA

Bearish

200- EMA

$74171

CMP >200- EMA

Bullish

365- EMA

$73640

CMP>365 EMA

Bullish

 Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $80000. Any break above targets $85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-132.61

ADX

Neutral

 

It is good to buy on dips around $75000 with SL around $71980 for a TP of $84490.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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