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Bitcoin Resilience: BTC Reclaims USD 69,000 as Geopolitical Tensions Ease

BTCUSD gained more than $5000 from the recent low of $64938 on easing geopolitical tension. It reached a high of $69285 yesterday, and is currently trading around $69792.

 

Technicals

CMP -$69792

Trend

4- Hour chart

Value

 

 

55 EMA

$67669

CMP>55 EMA

Bullish

200- EMA

$69086

CMP >200- EMA

Bullish

365- EMA

$71559

CMP <365 EMA

Bearish

 Major support- $64000/$60000/$52500/$50000. Minor bullishness only above $72500. Any break above targets $74500/$76200/$80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

209.62

ADX

Bullish

 Strength increased from 15.69 to 21.32

It is good to buy on dips around $67000 with SL around $64000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

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