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Bitcoin Crashes Below $65K: Bears in Full Control, Sell Rallies Now

 

 

 

Demand for riskier assets falls as BTCUSD trades below $65,000. It is presently trading around $63175 and hit an intraday low of $62676.

 

Technicals

CMP -$63159

Trend

4- Hour chart

Value

 

 

55 EMA

$67278

CMP < 55 EMA

Bearish

200- EMA

$73731

CMP < 200- EMA

Bearish

365- EMA

$79301

CMP < 365 EMA

Bearish

 

 

Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500.

 

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-294.85

ADX

Bearish

Strength increased to 26.48 from 29.02

 

It is good to sell on rallies around $67200-300 with SL around $70100 for a TP of $60000.

 

 

 

 

 

 

 

 

 

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