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BTC Hovers Flat Near $68K Ahead of US-Iran Talks — Bulls Eye Break Above $70,050 for $78K Rocket

BTCUSD trades flat going into US-Iran negotiations. Yesterday it reached $70,038, but it is presently trading at $68,180.

 

Technicals

CMP -$68012

Trend

1- Hour chart

Value

 

 

55 EMA

$66829

CMP > 55 EMA

Bullish

200- EMA

$66850

CMP  > 200- EMA

Bullish

365- EMA

$68121

CMP < 365 EMA

Bearish

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $70050.Any break above targets $74800/$78750

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

82.29

ADX

Neutral

 

 

 It is good to buy above $67500 with SL around $63000 for a TP of $74800/$78700.

 

 

 

 

 

 

 

 

 

 

 

 

 

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