BTCUSD is trading flat as the US market shut yesterday on account of Washington's birthday. It hit a high of $52075 at the time of writing and is currently trading around $52062.
Grayscale's BTC ETF outflows surged to $7 billion mainly due to higher fees compared to other ETFs.
Factors to watch for Bitcoin price action-
US markets -
NASDAQ (negative correlation with BTC) - Bullish (neutral for BTC). The NASDAQ showed a minor sell-off ahead of Nvidia earnings. Any daily close above 18000 will take the index to 18200/18500.
According to the CME Fed watch tool, the probability of a no-rate cut in Mar increased to 91.50% from 84% a week ago.
Technicals-
BTCUSD trades above the short-term moving average (21 and 55 EMA) and above the long-term moving average (200 EMA) in the daily chart.
Minor support- $50000. Any break below will take it to the next level at $48300/$47800/$46000.
Bull case-
Primary supply zone -$53000. Any close above confirms a bullish continuation. A jump to $55000/$60000 is possible.
Secondary barrier- $60000. A close above that barrier targets $69000.
It is good to buy on dips around $50000 with SL around $48000 for TP of $60000.


FxWirePro- Major Pair levels and bias summary
FxWirePro :USD/JPY drifts above 162 as range trading persists
FxWirePro:EUR/NZD downside pressure builds, key support level in focus
Major Crypto Action Bias: BTC, ETH & SOL Turn Bullish – SOLUSD Leads as the Top Pair to Watch
JPY Action Bias: NZDJPY and AUDJPY Stand Out as the Most Bullish Pairs
FxWirePro: GBP/NZD downtrend extends, remains on bearish path
Bitcoin Holds Above $65K as Institutional Inflows Resume; Buy Dips Near $64K
BTCUSD Holds Above 365 EMA as Bullish Momentum Builds Toward $70K
FxWirePro: USD/ZAR slips as rand gains on U.S.-Iran developments
Major Pair Action Bias: AUDUSD and NZDUSD Bullish While EURUSD Turns Bearish
AUDJPY Surges on Aussie Strength: Buy Dips Toward 117/118 as Bullish Momentum Accelerates 



