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Bitcoin Reclaims USD 71,000 Milestone: Bullish Sentiment Resurges as Geopolitical Tensions Ease

 

 

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.

 

 

 

 

 

 

 

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