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FxWirePro- BTCUSD Daily Outlook

Ichimoku analysis (1-Hour chart)

Tenken-Sen- $37350

Kijun-Sen- $36508

BTCUSD surged above $40000 after Elon Musk tweet about Bitcoin. He said that Tesla will accept crypto if miners use clean energy. The pair is holding above $40000 for the past three hours after a long consolidation.  Bitcoin is trading higher for one week and jumped more than 30% from a minor bottom around $30000.     It hits an intraday high of $41050 and is currently trading around $40620.

The near-term resistance is around $41000. Any indicative break above targets $43000. Short-term trend continuation above $47000. 

The pair's minor support is around $37800. Any convincing break below will drag the pair down to $36540/$34800/$30000.  Any close below $30000 will drag the pair down to $26800/$20000.

Indicator (4-Hour chart)
 
CAM Indicator – Bullish 
 
Directional movement index – Bullish  

It is good to buy on dips around $39000 with SL around $37000 for TP of $47000.
 

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