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BTCUSD Flat Ahead of Peace Talks: Dip-Buy Near 75k Opens Path to 80k–90k Targets

Before the second round of peace negotiations between the US and Iran, BTCUSD is trading flat. Yesterday, it reached $79500; now it trades at approximately $77894.

Technicals

CMP -$77894

Trend

4- Hour chart

Value

 

 

55 EMA

$75644

CMP> 55 EMA

Bullish

200- EMA

$72531

CMP >200- EMA

Bullish

365- EMA

$72678

CMP< 365 EMA

Bullish

 Major support- $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $78500. Any break above targets $80000/$85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

131.96

ADX

Neutral

 

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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