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Bitcoin Surges Past $85,000 Amidst Rising Risk Appetite

BTCUSD holds above $85000 as demand for riskier assets increases. It hit a high of $87274 and is currently trading near $86278.

 

Technicals

CMP -$76151

Trend

4-hour chart

Value

 

 

55 EMA

$77093

CMP>55 EMA

Bullish

200- EMA

$80738

CMP >200- EMA

Bullish

365- EMA

$74148

CMP>365 EMA

Bullish

800-EMA

$72020

CMP>Value

Bullish

 Major support: $82000/$77500/$74800/$73000/$69000/$67000. The pair is facing strong resistance around $87500. Any break targets $90438/$92500/$95000. 

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

152

ADX

Bullish

Strength increase from 47.98 to 49.48

 

It is good to buy on dips at $82000 with an SL around $77500 for a TP of $90400.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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