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Bitcoin Breaks Barriers: BTCUSD Eyes USD 85,000 as Bullish Momentum Surges

BTCUSD holds above $80000 as market sentiment improves. It reached an intraday high of $ 81,080 and is currently trading at roughly $ 80,922.

 

Technicals

CMP -$80922

Trend

4- Hour chart

Value

 

 

55 EMA

$78024

CMP>55 EMA

Bullish

200- EMA

$75240

CMP >200- EMA

Bullish

365- EMA

$74368

CMP>365 EMA

Bullish

 Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $81000. Any break above targets $85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

168.76

ADX

Bullish

Strength increased from 29.30 from 32.95

It is good to buy on dips around $7 with SL around $71980 for a TP of $84490.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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