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 Daily Outlook - EconoTimes)
Bitcoin is consolidating in narrow range after hitting high of 6899 level. It is facing strong resistance around $6845 (55- day EMA) and any break above confirms further bullishness. Major altcoins also trading in narrow range following footsteps of BTC.
The pair has shown a good jump of more than 40% after hitting low of $76. It hits high of $107 and is currently trading around $95.48. The pair has jumped twice slightly above $100 and declined from that high.
XMR declined continuously from the minor top of $151.95 till $87 almost more than $60. The pair has recovered after showing a minor decline below trend line.
The near term resistance is around $103.50 and any daily close above confirms minor bullishness. Any violation above targets $107.50/$110/$118/$131.
On the lower side, near term support is around $90and any break below targets $77/$70.
It is good to buy on dips around $93-93.50 with SL around $87 for the TP of $103/107.
