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Bitcoin Reclaims $65,000 as Easing Geopolitical Tensions Fuel Risk-On Rally

As demand for riskier assets rose following lowered geopolitical conflict, BTCUSD stays above $65,000. It hit an intraday high of $65378 and is now trading around $65110.

 

Technicals

CMP -$65110

Trend

4- Hour chart

Value

 

 

55 EMA

$64028

CMP>55 EMA

Bullish

200- EMA

$64071

CMP >200- EMA

Bullish

365- EMA

$65020

CMP>365 EMA

Bullish

800-EMA

$68772

CMP<Value

Bearish

 Major support- $60000/$57700/$52796. The pair is facing strong around $67000 . 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 $65000 with an SL around $63000 for a TP of $74800.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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