Ichimoku analysis (Daily chart)
Tenken-Sen- $57532
Kijun-Sen- $55689
BTCUSD has halted its bearish trend and surged more than $12000 from a minor bottom of $47000. The digital asset was one of its best performers this year and jumped more than 95%. It hits an all-time high at $65000 and lost more than 25%. The overall trend is bearish as long as resistance $65000 holds. The digital asset is holding above 50- day MA. This confirms minor bullishness and a jump to $64980 possible. It is currently trading around $57712.
The near-term resistance is around $60000. Any indicative break above targets $61700/$65000. Major trend continuation above $65000.
The pair's minor support is around $55650.A break below will drag the pair down till $53000/$51198 (100- day MA)/$47000/$43000 is possible. Significant bearishness only if it breaks $43000.
Indicator (Daily chart)
CAM indicator –Bullish
Directional movement index – Neutral
It is good to buy on dips around $55000 with SL around $53000 for TP of $64980.
