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Bitcoin Retreats as Geopolitical Cooling Curbs Crypto Momentum

 

BTCUSD pared some of its gains as markets eyes US-Iran ceasefire talks development.   It reaches an intraday low of  $77091 and is currently trading at roughly $77260.

 

 

Technicals

CMP -$77260

Trend

4- Hour chart

Value

 

 

55 EMA

$78107

CMP<55 EMA

Bearish

200- EMA

$77694

CMP <200- EMA

Bearish

365- EMA

$76455

CMP>365 EMA

Bullish

 Major support- $76000/ $74800/$74000/$73290/$70000/$67000/$64000/$60000. Minor bullishness only above $82000. Any break above targets $85890/$90000.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bearish

-42.22

ADX

Neutral

 

It is good to sell on rallies around $80000 with SL around $85000 for a TP of $60000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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