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Bitcoin Retreats as Geopolitical Tensions Flare: BTC/USD Dips Following Iran’s Rejection of Ceasefire

Following Iran's rejection of a 15-point ceasefire plan, BTCUSD lost most of its gains. Its price right now is about $69396, and it reached $72016 today.

 

Technicals

CMP -$69351

Trend

4- Hour chart

Value

 

 

55 EMA

$70476

CMP< 55 EMA

Bearish

200- EMA

$70735

CMP <200- EMA

Bearish

365- EMA

$73394

CMP <365 EMA

Bearish

 Major support- $67000/$64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Neutral

-65.70

ADX

Neutral

 

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

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