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FxWirePro: BTC/USD faces trend line resistance at 1230, break above targets 1260

BTC/USD has broken above the trend line joining 1350 and 1229. It is currently trading at 1218 levels at the time of writing (Bitstamp).

Ichimoku analysis of daily chart:

Tenkan Sen: 1182.78

Kijun Sen: 1083.26

On the upside, the pair now faces resistance at 1230 (trend line joining 1220 and 1229) and a consistent break above would see it testing 1260 (March 15 high)/1298 (March 03 high).

Momentum studies appear bullish with RSI strong at 61, MACD on the verge of a bullish crossover, and stochs appear to be rolling over to overbought zone.

On the downside, support is seen at 1192 (5-DMA) and any violation would see a dip till 1173.75 (20-DMA)/1143.72 (50-DMA).

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January 19 15:30 UTC Released

USECRI Weekly Annualized

Actual

4.5 %

Forecast

Previous

3.3 %

January 19 15:30 UTC Released

USECRI Weekly Index

Actual

150.3 %

Forecast

Previous

147.6 %

January 21 02:00 UTC 15101510m

PHGDP YY

Actual

Forecast

Previous

6.9 0

January 21 02:00 UTC 15101510m

PHGDP QQ

Actual

Forecast

Previous

1.3 0

January 21 21:00 UTC 26502650m

KRPPI Growth YY

Actual

Forecast

Previous

3.1 %

January 21 21:00 UTC 26502650m

KRPPI Growth

Actual

Forecast

Previous

-0.1 %

January 21 23:00 UTC 27702770m

JPReuters Tankan DI

Actual

Forecast

Previous

27 k

January 22 07:00 UTC 32503250m

NOIndus Confidence

Actual

Forecast

Previous

2 0

January 22 08:00 UTC 33103310m

TWJobless Rate

Actual

Forecast

Previous

3.69 0

January 22 08:00 UTC 33103310m

TWExport Orders YY

Actual

Forecast

Previous

11.6 0

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