BTCUSD returns above $71000 on relaxation geopolitical conflict has boosted demand for riskier assets. It is currently trading about $71149, with an intraday high of $71801.
|
Technicals |
CMP -$71224 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$70443 |
CMP >55 EMA |
Bullish |
|
200- EMA |
$70760 |
CMP >200- EMA |
Bullish |
|
365- EMA |
$73603 |
CMP > 365 EMA |
Bullish |
Major support- $67000/$64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $76200/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Neutral |
-11.20 |
|
ADX |
Neutral |
|
It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.
