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SpanishA Daily Outlook: BTC/USD; Feb 14, 2022
Top 5 Headlines on Digital Currency:
- Russian government and central bank agree to treat Bitcoin as currency – Investing.
- Upcoming Apple iPhone feature to give merchants a way to accept crypto payments – Investing.
- Streaming and production giant Netflix will soon produce a documentary series on the infamous Bitfinex hack — one of the biggest financial crimes from 2016 stealing 119,756 Bitcoin (BTC) — worth $72 million at the time – Investing.
- The Bitcoin (BTC) network has recorded a new hash rate all-time high of 248.11M TH/s as of Feb. 12, 2022, further securing the decentralized ecosystem through a growing network of global BTC miners – Investing.
- Redditor stashes away BTC worth $100 for 100 years in public library – Investing.
Technical View:
- The BTC starts a new week on a lower note and hovers around $42,000 mark.
- The pair made intraday high at $42,190 and low at $41,575 mark.
- Today a day chart and H1 chart with triple EMA suggest down trend for the time being.
- A sustained close above $42,800 on H1 chart requires for the upside rally.
- Alternatively, a consistent close below $41,500 on H1 chart requires for the downside rally.
|
Supports
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Resistances
|
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$41,500
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$42,800
|
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$41,200
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$43,150
|
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$40,800
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$43,620
|
|
$40,550
|
$44,000
|
|
$40,100
|
$44,550
|
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