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SpanishA Daily Outlook: BTC/USD; April 18, 2022
Top 5 Headlines on Digital Currency:
- Making Bitcoin legal tender in Mexico will be ‘an uphill battle,’ says Ricardo Salinas – Investing.
- Opera (NASDAQ:OPRA) released a beta version of its Web3 browser with a built-in crypto wallet on Friday for iOS devices, iPhone and iPad. Opera’s Crypto Browser has been available for Mac and Windows desktop users, as well as Android mobile users since January – Investing.
- US Congress eyes e-cash as an alternative to CBDC – Investing.
- MicroStrategy shareholders letter: We’ll ‘vigorously pursue’ more BTC buys – Investing.
- ChickenFast (CF), a leading cloud-based pool of computer power for cryptocurrency mining, officially announced that it has built end-to-end encrypted crypto mining facilities in Texas, US, and it is planning to build more others in the near future – Investing.
Technical View:
- The BTC weakens sharply on Monday and hovers around $39,000 mark.
- The pair made intraday high at $39,887 and low at $38,547 mark.
- Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
- A sustained close above $40,100 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $38,500 on H1 chart requires for the downside rally.
|
Supports
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Resistances
|
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$38,500
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$40,100
|
|
$38,050
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$40,800
|
|
$37,650
|
$41,500
|
|
$37,000
|
$41,900
|
|
$36,750
|
$42,300
|
Take a look and do trade wisely!
Good Luck
TP Global FX Research Team
With a decade of Forex Market insight, TP Global FX Research Team delivers you the Market Insight that boosts your Trading Skills