A Daily Outlook: BTC/USD; July 20, 2022

Top Headlines on Digital Currency:

  • Shiba Inu’s price is on track to break out and target the $0.0000154 level.
  • The largest altcoin by market cap and the second biggest crypto by market cap, Ethereum (ETH), has surged from its range lows to post an impressive 50% gain in just under a week.
  • Crypto newbies are still underwater despite BTC’s price rally this week.
  • Nearly 60% of the electricity used to power Bitcoin mining machines comes from sustainable sources, according to the latest Q2 2022 report from the Bitcoin Mining Council (BMC).
  • The United States Department of Justice has seized and returned roughly $500,000 in fiat and crypto from a hacking group tied to the North Korean government, which included two crypto payments made by U.S. health care providers.

Source: Investing

Technical View:

  • The BTC spikes up and jumps back above $23,000 mark.
  • The pair made intraday high at $23,855 and low at $22,893 mark.,
  • Today a day chart is down and H1 chart with triple EMA suggests up trend for the time being.
  • A sustained close above $24,400 on H1 chart requires for the upside rally.
  • Alternatively, a consistent close below $22,800 on H1 chart requires for the downside rally.
$22,800 $24,400
$22,150 $25,050
$21,750 $25,500
$21,100 $26,200
$20,600 $26,900


Take a look and do trade wisely!
Good Luck