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BTC Bombs Higher Despite Iran Conflict: Hits $69K+ – Buy the Dip at $67K for $80K Glory?

BTCUSD  surged more than $3500 despite the escalation of the US-Israel attack on Iran.  It hits an intraday high of $69498 and is currently trading around $69329. 

 

Technicals

CMP -$69150

Trend

1- Hour chart

Value

 

 

55 EMA

$66286

CMP > 55 EMA

Bullish

200- EMA

$66486

CMP >200- EMA

Bearish

365- EMA

$67350

CMP > 365 EMA

Bearish

 

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

25.18

ADX

Neutral

 

 

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

 

 

 

 

 

 

 

 

 

 

 

 

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