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BTCUSD: Ceasefire Talks in Focus as Bitcoin Hovers Near 77.9k, Eyes 84.5k–90k

As the market awaits more developments in US-Iran ceasefire negotiations, BTCUSD cut some of its gains. Yesterday it reached $79490; now it trades at roughly $77782.

 

Technicals

CMP -$77868

Trend

4- Hour chart

Value

 

 

55 EMA

$76978

CMP> 55 EMA

Bullish

200- EMA

$73679

CMP >200- EMA

Bullish

365- EMA

$73323

CMP< 365 EMA

Bullish

 Major support- $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $80000. Any break above targets $85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

59.65

ADX

Neutral

 

It is good to buy on dips around $75000 with SL around $724000 for a TP of $84490.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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