A Daily Outlook: BTC/USD; Jan 05, 2022

Top 5 Headlines on Digital Currency:

  • Peru Congress to Discuss Bill to Regulate Cryptocurrencies – Investing.
  • Riot Blockchain Inc (NASDAQ:RIOT) was started with a buy at Cantor Fitzgerald on Tuesday, resulting in a 3% gain in its share price – Investing.
  • El Salvador’s government, led by President Nayib Bukele, has moved ahead with plans to issue Bitcoin bonds by preparing 20 bills designed to provide a legal framework for them – Investing.
  • Bitcoin markets have been consolidating since the beginning of the year, but on-chain metrics are painting a more positive picture as more of the asset is becoming illiquid – Investing.
  • Bitcoin mining hardware manufacturer Canaan Inc is expanding its footprint in Kazakhstan after signing new strategic partnerships with multiple crypto mining firms in the country – Investing.

Technical View:

  • The BTC moves in rigid boundaries and remains well supported above $46,000 mark.
  • The pair made intraday high at $46,553 and low at $45,714 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $48,650 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $45,500 will check further supports.
$45,500 $48,650
$45,220 $49,100
$45,000 $49,550
$44,740 $49,980
$44,120 $50,200

Take a look and do trade wisely!
Good Luck