English
Arabic
Chinese (Simplified)
Dutch
French
German
Italian
Portuguese
Russian
SpanishA Daily Outlook: BTC/USD; April 22, 2022
Top 5 Headlines on Digital Currency:
- European Union (EU) officials discussed banning Bitcoin trading during a debate on a proposal to ban Proof of Work mining according to documents obtained through a freedom of information request – Investing.
- United States House of Representatives member Jared Huffman and 12 other lawmakers have requested the Environmental Protection Agency, or EPA, assess crypto mining firms potentially violating environmental statutes – Investing.
- The world’s leading cryptos gained all-time highs last year. And so did the multiple crypto investors, especially the ones from the United States, says blockchain analysis firm Chainalysis – Investing.
- Sweden’s government is urging the European Union to prohibit energy-intensive cryptocurrency mining techniques such as those employed by Bitcoin – Investing.
- According to a January report by the Bitcoin Mining Council, by Q4 2021, the global Bitcoin mining industry ran on an estimated 58.5% renewable energy – Investing.
Technical View:
- The BTC trades flat on Friday and stabilizes above $40,000 mark.
- The pair made intraday high at $40,808 and low at $40,237 mark.
- Today a day chart and H1 chart with triple EMA suggest down trend for the time being.
- A sustained close above $41,250 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $39,300 on H1 chart requires for the downside rally.
|
Supports
|
Resistances
|
|
$39,300
|
$41,500
|
|
$38,500
|
$41,900
|
|
$38,100
|
$42,200
|
|
$37,500
|
$42,800
|
|
$37,000
|
$43,400
|
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