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Bitcoin's Geopolitical Tightrope: BTC/USD Eyes $80,000 Milestone Amid Ceasefire Hopes

BTCUSD trades steady as the market eyes further development in the US and Iran ceasefire talks. It peaked at $76120 yesterday and is currently trading at about $74001.

Technicals

CMP -$74012

Trend

4- Hour chart

Value

 

 

55 EMA

$71857

CMP> 55 EMA

Bullish

200- EMA

$70316

CMP >200- EMA

Bullish

365- EMA

$71670

CMP< 365 EMA

Bullish

 Major support- $70000/$67000/$64000/$60000/$52500/$50000. Minor bullishness only above $76200. Any break above targets $80000/$85500.

Momentum indicator (4-hour chart)

Inference

Value

CCI(50)

Bullish

99.79

ADX

Neutral

 

It is good to buy on dips around $73000 with SL around $70000 for a TP of $80000.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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