Bitcoin Retreats as Geopolitical Tensions Flare: BTC/USD Dips Following Iran’s Rejection of Ceasefire 
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BTCUSD trades little weak as market eyes further development in US and Iran task.It reached an intraday high of $68346, and is currently trading around $66550.
|
Technicals |
CMP -$66538 |
Trend |
|
|
4- Hour chart |
Value |
|
|
|
55 EMA |
$68210 |
CMP< 55 EMA |
Bearish |
|
200- EMA |
$69803 |
CMP <200- EMA |
Bearish |
|
365- EMA |
$72459 |
CMP <365 EMA |
Bearish |
Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.
|
Momentum indicator (4-hour chart) |
Inference |
Value |
|
CCI(50) |
Bearish |
-41.65 |
|
ADX |
Neutral |
|
It is good to buy on dips around $64000 with SL around $60000 for a TP of $80000.
