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Bitcoin Stuck in $66K–$67K Cage – Break $70K and $78K+ Becomes the Prize

BTCUSD is consolidating in a narrow range as the market eyes US and Iran talks. Yesterday it reached an intraday low of $66511, but it is presently trading at $67529. 

Technicals

CMP -$67529

Trend

1- Hour chart

Value

 

 

55 EMA

$66968

CMP > 55 EMA

Bullish

200- EMA

$67177

CMP  > 200- EMA

Bullish

365- EMA

$68057

CMP < 365 EMA

Bearish

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $70050.Any break above targets $74800/$78750

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Neutral

15.15

ADX

Neutral

 

 

 It is good to buy above $66000 with SL around $63000 for a TP of $74800/$78700.

 

 

 

 

 

 

 

 

 

 

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