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Bitcoin Pares Gains on US-Iran Tensions; Mixed EMA Setup Puts $74K Support on Watch

 

 

BTCUSD pared some of its gains on escalation of geopolitical tension between US and Iran. It has dropped to $76385 and is now trading at about $76684.

 

 

Technicals

CMP -$76727

Trend

4- Hour chart

Value

 

 

55 EMA

$77224

CMP<55 EMA

Bearish

200- EMA

$77438

CMP <200- EMA

Bearish

365- EMA

$76457

CMP>365 EMA

Bullish

 Major support- $74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $78000. Any break above targets $80000/$82000/$85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-15

ADX

Neutral

 

It is good to buy on dips around $74000 with SL around $7000 for a TP of $82000. 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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