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SpanishA Daily Outlook: BTC/USD; April 26, 2022
Top 5 Headlines on Digital Currency:
- Institutional investors have shifted their attention from Ethereum (ETH) to competing Layer 1 blockchains of late, with capital inflows for altcoin investment products increasing last week whilst Ether products posted outflows for the third week in a row – Investing.
- The Stacks Ventures project incubator has accepted 11 projects to help make CityCoins more appealing to global mayors who want to utilize a digital asset to receive rewards and bolster their economies – Investing.
- Bitcoin, the leading crypto, should regain its price and attain the level of $65,185 this year, according to the latest fintech industry expert survey – Investing.
- Stablecoin DeFi platform Blindex will introduce two new stablecoins to the Bitcoin sidechain Rootstock (RSK), CoinQuora has learne – Investing.
- Coinbase is set to take over Turkish crypto exchange ‘BtcTurk’ in a whopping $3.2 billion deal. Starting from May, the world’s second-largest crypto exchange will be in charge of BtcTurk – Investing.
Technical View:
- The BTC trades almost flat on Tuesday and trading around $40,500 mark.
- The pair made intraday high at $40,800 and low at $40,376 mark.
- Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
- A sustained close above $41,200 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $39,800 on H1 chart requires for the downside rally.
| SUPPORTS | RESISTANCES |
| $39,800 | $41,200 |
| $39,400 | $41,800 |
| $39,050 | $42,250 |
| $38,700 | $42,700 |
| $38,200 | $43,050 |
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