A Daily Outlook: BTC/USD; Jan 19, 2022

Top 5 Headlines on Digital Currency:

  • With UFC joining a growing list of sports linked to cryptos, regulators may begin exploring ways to pour cold water on the growing crypto-sport relationship – Investing.
  • Strike’s digital wallet has become the fifth most popular finance app in Argentina within a week of its launch – Investing.
  • Britain plans to halt promotional crypto advertisement in the country – Investing.
  • Residents of Svaneti, Georgia, have reportedly been made to pledge a holy oath they will not mine cryptocurrency in order to deal with energy shortages blamed on Bitcoin mining – Investing.
  • El Salvador, the first country to make Bitcoin (BTC) a legal tender, has onboarded 4 million users for its government-backed BTC wallet Chivo in partnership with digital identity provider Netki, according to an announcement – Investing.

Technical View:

  • The BTC depreciates gradually against U.S. dollar and hovers around $41,500 mark.
  • The pair made intraday high at $42,524 and low at $41,145 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $42,550 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $40,500 on H1 chart requires for the downside rally.
$41,100 $42,550
$40,500 $42,900
$40,080 $43,100
$39,750 $43,600
$39,320 $44,000

Take a look and do trade wisely!
Good Luck