A Daily Outlook: BTC/USD; Jan 25, 2022

Top 5 Headlines on Digital Currency:

  • Bitcoin turned positive on late Monday as its dip below $33,000 attracted buyers, though sentiment on the crypto remains vulnerable with long-term holders nursing their biggest losses since the outset of the pandemic – Investing.
  • The Colombian tax regulator charged two Colombians for omitting commercial operations with Bitcoin – Investing.
  • Moody’s analyst says that Bitcoin investment is unhealthy for the country’s Financial Rating – Investing.
  • Nayib Bukele plans Bitcoin bonds irrespective of opposition from critics – Investing.
  • Cryptocurrency Market to Reach $4.94 Billion, Globally, By 2030 at 12.8% CAGR: Allied Market Research – Investing.

Technical View:

  • The BTC remained extremely volatile in previous session and currently hovers around $36,000 mark.
  • The pair made intraday high at $36,721 and low at $35,848 mark.
  • Today a day chart and H1 chart with triple EMA suggest bearish trend for the time being.
  • A sustained close above $36,750 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $33,100 on H1 chart requires for the downside rally.
$33,100 $36,750
$32,810 $37,100
$32,500 $37,450
$32,100 $37,900
$31,750 $38,400

Take a look and do trade wisely!
Good Luck