Ichimoku analysis (Daily chart)
Tenken-Sen- $56244
Kijun-Sen- $55949
BTCUSD is consolidating in a narrow range between $59564 and $56256 for the past three days. The pair downside is capped by 50-day EMA and significant weakness only below that level. The overall trend of Bitcoin is still bullish as long as support $47000 holds. Previously BTCUSD has recovered after a minor decline below 100-day MA. The Bitcoin is holding above 50 and 100- day MA. It hits an intraday low of $57176 and is currently trading around $57518.
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 $55600 (50- day EMA). A break below will drag the pair down to $52916 (100- day MA)/$47000. Any close below $47000 will drag the pair down to $43000. Significant bearishness only if it breaks $43000.
Indicator (Daily chart)
CAM indicator –Slightly bullish
Directional movement index – Neutral
It is good to buy on dips around $53000 with SL around $50000 for TP of $64980.


FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary
FxWirePro: GBP/AUD loses momentum but bullish setup remains
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
NZDJPY: Sell the Rallies as Bears Guard 92 and Range Trade Persists
211.55 Ceiling Holds: GBPJPY Profit-Taking Turns Bearish
ETHUSD Dip: Prime Buy Zone to $3600 Targets
FxWirePro: EUR/NZD runs out of steam but maintains bullish outlook
FxWirePro: USD/JPY extends falls as Japanese yen extends rally after hawkish BoJ minutes
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
Bitcoin Stuck in No-Man’s-Land: $85K Dip or $100K Breakout Next?
FxWirePro: EUR/CAD slips as firm oil price lift loonie despite soft GDP data
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro: GBP/AUD tracks lower on firmer Australian dollar
FxWirePro: USD/ZAR down trend loses steam, remains on bearish path 



